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.

North Korea Uses Hacking Groups to Steal Crypto Assets
North Korea Uses Hacking Groups to Steal Crypto Assets
March 28, 2022  |  Cryptocurrency

A global cybersecurity firm reports the North Korean regime is filling its coffers with cash from government-sponsored hacking groups who perform crypto thefts. Get the...

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Today in Data: The Numbers in Money Laundering
Today in Data: The Numbers in Money Laundering
March 28, 2022  |  Today In Data

Today in data, digital identity verification techniques can reduce money laundering and increase compliance. Plus, a former Paraguay congresswoman was sentenced in a money laundering...

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Collaboration, Education and Payments Orchestration Key in the Battle Against Fraud
Collaboration, Education and Payments Orchestration Key in the Battle Against Fraud
March 28, 2022  |  Security & Fraud

March 2020 changed how firms look at security and compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Cybercriminal Sentenced to 66 Months for Online Fraud
Cybercriminal Sentenced to 66 Months for Online Fraud
March 25, 2022  |  Security & Fraud

An Estonian man on Friday (March 25) was sentenced to 66 months in prison for his role in a years-long scheme that included computer hacking,...

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EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in Worldwide Hacking Scheme
EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in...
March 25, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, foreign retailers who have continued to do business in Russia following the attack on Ukraine...

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Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
March 25, 2022  |  Security & Fraud

Lebanon’s central bank chief was charged with illicit enrichment and money laundering by Lebanese Judge Ghada Aoun, while a Nevada man pleaded guilty to laundering...

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NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
March 25, 2022  |  Security & Fraud

Prosecutors in Manhattan have accused a former party producer of using bitcoin to launder millions in for a “rolodex of crooks” around the world. Get...

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PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
March 25, 2022  |  Authentication

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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Four Indicted by DOJ in $16M Fake Investment Ruse
Four Indicted by DOJ in $16M Fake Investment Ruse
March 24, 2022  |  Security & Fraud

Four men were indicted for allegedly engaging in a $16 million wire fraud and money laundering operation connected to their investment firm, which involved fake...

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