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.

UK´s Online Safety Bill Comes With Possible Jail Time for Violators
UK´s Online Safety Bill Comes With Possible Jail Time for Violators
March 17, 2022  |  Regulation

The U.K. government will unveil on Thursday its long-awaited Online Safety Bill, which seeks to curb online harms by significantly increasing the responsibilities of Big...

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Report: Two-Thirds of Companies Were Fraud Victims in Last 12 Months
Report: Two-Thirds of Companies Were Fraud Victims in Last 12 Months
March 16, 2022  |  Fraud Attack

While companies and governments have spent billions to prevent fraud, cybercrime continues to plague businesses of every size. Get the Full Story Complete the form...

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FTC’s Complaint Against Payment Firm May Be Blueprint for CFPB  
FTC’s Complaint Against Payment Firm May Be Blueprint for CFPB  
March 16, 2022  |  CFPB

The Federal Trade Commission (FTC) announced on March 15 that it filed an administrative complaint against Electronic Payment Systems for allegedly opening credit card processing...

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German Court OKs Ernst & Young Class Action Case
German Court OKs Ernst & Young Class Action Case
March 15, 2022  |  Legal

A German court has opened class-action style legal proceedings against accounting firm Ernest & Young LLP (EY) to hear cases from investors in defunct payment...

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Wirecard Ex-Boss Markus Braun Charged with Fraud by German Prosecutors
Wirecard Ex-Boss Markus Braun Charged with Fraud by German Prosecutors
March 14, 2022  |  Security & Fraud

In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust...

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New UK Provision to Hold Big Tech Responsible for Paid Ads From Fraudsters
New UK Provision to Hold Big Tech Responsible for Paid Ads From Fraudsters
March 10, 2022  |  Security & Fraud

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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UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
March 10, 2022  |  International

The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new...

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As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
March 10, 2022  |  Buy Now Pay Later

Any new payments vector, where hockey stick growth is apparent — up and to the right, of course — grabs the attention of fraudsters. Get...

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ACI Worldwide Launches Fraud Scoring for Financial Institutions
ACI Worldwide Launches Fraud Scoring for Financial Institutions
March 09, 2022  |  Fraud Prevention

Global real-time payments software firm ACI Worldwide is introducing a fraud scoring platform powered by machine learning to deliver real-time security and fraud prevention to...

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