fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 

DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
July 21, 2022  |  Security & Fraud

Roughly a half-million dollars was seized on behalf of healthcare providers that reportedly paid ransom to North Korean hackers, the U.S Department of Justice said. ...

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FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
FinTechs Seek Fraud Guarantees on Incoming Deposits to Attract, Retain Customers
July 20, 2022  |  Security & Fraud

For banks and for the FinTechs, the first moments of engagement are among the most critical. Get the Full Story Complete the form to unlock...

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Visa Changes Chargeback Dispute Program
Visa Changes Chargeback Dispute Program
July 20, 2022  |  VISA

Visa is changing how it deals with first-party fraud, or intentional cardholder misuse, the company announced in a blog post Tuesday. Get the Full Story...

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Competitors Become Collaborators in Fight Against Financial Crime
Competitors Become Collaborators in Fight Against Financial Crime
July 20, 2022  |  Security & Fraud

In financial services, the greater the surface area, the greater the chance the fraudsters will strike — and be successful. Get the Full Story Complete...

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Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Security & Fraud

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
Amazon Files Lawsuit Against 10K Facebook Groups Over Fake Reviews
July 19, 2022  |  Amazon

Amazon filed a lawsuit against more than 10,000 Facebook group administrators for allegedly brokering fake reviews, including one called “Amazon Product Review,” which had more...

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CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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Shift in Spending Doesn’t Mean Shift in Fraud
Shift in Spending Doesn’t Mean Shift in Fraud
July 19, 2022  |  Opinion

As consumers dine out and go to events less, Jared Kernodle, chief revenue officer at Kount, an Equifax company, predicts in the PYMNTS eBook “Baseline 2022:...

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