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.

FBI Warns Fake Crypto Apps Robbed Investors of Millions

FBI Warns Fake Crypto Apps Robbed Investors of Millions
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022  |  Security & Fraud

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May...

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Ujji on Fighting First-Party Fraud and Coupon Abuse
Ujji on Fighting First-Party Fraud and Coupon Abuse
July 18, 2022  |  Fraud Prevention

In the July "Digital Fraud Tracker®," Jake Doering, founder of wellness drink company Ujji, tells PYMNTS how dynamic discount codes and tailored communications can help...

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The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
July 15, 2022  |  Fraud Prevention

With the surge of credit card transactions during the pandemic is the seemingly inescapable cascade of disputes and chargebacks that eat into profits and create...

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Money Transfer Firm Ping Express Admits to AML Violations
Money Transfer Firm Ping Express Admits to AML Violations
July 15, 2022  |  AML

A Texas money transfer company has pleaded guilty to federal charges that it failed to adequately maintain an anti-money laundering (AML) program, letting $167 million...

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Businesses Need Proactive Anti-Fraud Strategies to Ensure Growth
Businesses Need Proactive Anti-Fraud Strategies to Ensure Growth
July 14, 2022  |  Opinion

Now that Paycheck Protection Program loans have dried up, we’re seeing an overwhelming surge of intent of fraud, TreviPay CEO Brandon Spear writes in the...

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NFTs Are Now a Legal Way to Serve Documents in UK Courts 
NFTs Are Now a Legal Way to Serve Documents in UK Courts 
July 14, 2022  |  Legal

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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FBI: Businesses Lose $43B to Email Fraud
FBI: Businesses Lose $43B to Email Fraud
July 13, 2022  |  Security & Fraud

Fraudsters have an extensive arsenal of methods when it comes to scamming businesses. Get the Full Story Complete the form to unlock this article and...

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5 Reasons Why ‘Friendly Fraud’ Is Far From Friendly
5 Reasons Why ‘Friendly Fraud’ Is Far From Friendly
July 12, 2022  |  Today In Data

The term “friendly fraud” sounds like an oxymoron, but in truth, there’s nothing friendly about it. It’s what happens when a consumer purposely makes a...

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