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.

Mitigating Digital Fraud Risk to Drive B2B Business Growth
Mitigating Digital Fraud Risk to Drive B2B Business Growth
April 11, 2022  |  Opinion

The digital shift has brought a rapid increase in fraud along with it. In the PYMNTS eBook, “Endemic Economics: 32 Payments Execs on the ‘Next...

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Synovus Bank: Navigating the New Landscape of Compliance and Risk
Synovus Bank: Navigating the New Landscape of Compliance and Risk
April 11, 2022  |  Security & Fraud

Strong fraud protections, anti-money laundering (AML) compliance and seamless user experiences go together in today’s marketplace. Get the Full Story Complete the form to unlock...

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New Jersey Man Admits His Invoice Factoring Company Bilked Lenders of $50M
New Jersey Man Admits His Invoice Factoring Company Bilked Lenders of $50M
April 08, 2022  |  Security & Fraud

A New Jersey man admitted Thursday (April 7) to running a decade-long invoice factoring scheme that bilked lenders of $50 million, the U.S. Attorney’s Office...

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Only One-Third of Businesses Are ‘Very Satisfied’ With Their Current Cybersecurity Defenses
Only One-Third of Businesses Are ‘Very Satisfied’ With Their Current Cybersecurity Defenses
April 07, 2022  |  Fraud Prevention

Only 32% of businesses are “very” or “extremely” satisfied with their current anti-fraud methods, according to “Risk And Resilience,” a PYMNTS and TreviPay collaboration based...

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Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech
Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech
April 06, 2022  |  B2B Payments

Today in B2B payments, customers expect their digital payments to be simple, transparent and secure, while businesses need to use advanced technology to ensure proper...

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Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
April 06, 2022  |  Security & Fraud

The internet is a curious place — a digital bazaar where anything can be had, for a price. Get the Full Story Complete the form...

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Block Confirms Cash App Breach by Former Employee 
Block Confirms Cash App Breach by Former Employee 
April 06, 2022  |  Security & Fraud

A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple...

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IBM Launches Real-Time AI for Transaction Processing
IBM Launches Real-Time AI for Transaction Processing
April 06, 2022  |  artificial intelligence

IBM has introduced what it calls the next-generation system with an integrated artificial intelligence (AI) accelerator that promises to detect and prevent fraud, the New...

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Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
April 05, 2022  |  Security & Fraud

The Federal Reserve on Tuesday (April 5) banned six former bank employees, including two who had previously worked in Bank of America Corp.’s wealth management...

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