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.

US Treasury Eyes NFTs as Prime Target of Money Launderers
US Treasury Eyes NFTs as Prime Target of Money Launderers
February 06, 2022  |  NFTs

The U.S. Treasury is looking into the potential for nonfungible tokens, (NFTs) to be used in financial crimes. Get the Full Story Complete the form...

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Issues With Incentives Hint at Customer Acquisition Changes for Platforms in 2022
Issues With Incentives Hint at Customer Acquisition Changes for Platforms in 2022
February 03, 2022  |  Commerce

Customer acquisition strategies are now being questioned as platforms seek to extend a pandemic hot streak that’s showing signs of cooling down. Get the Full...

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PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
February 03, 2022  |  Security & Fraud

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry...

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FTC Warns Social Media Users About Advertising Scams
FTC Warns Social Media Users About Advertising Scams
February 02, 2022  |  Security & Fraud

Americans reported losing about $770 million to fraud on social media last year, an 18-fold increase from 2017, the Federal Trade Commission (FTC) recently reported....

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Criminals See NFTs as a Lucrative Target — They May Be Wrong
Criminals See NFTs as a Lucrative Target — They May Be Wrong
February 02, 2022  |  Security & Fraud

Nonfungible token (NFT) collector Larry Lawliet announced Monday (Jan. 31) on Twitter that he had lost $2.7 million worth of super-hot Bored Ape and Mutant...

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Congress Eyes Giving Federal Regulators More Tools to Combat Pandemic-Related Scams, Price Gouging
Congress Eyes Giving Federal Regulators More Tools to Combat Pandemic-Related Scams, Price Gouging
February 02, 2022  |  Security & Fraud

As the world enters the third year of battling COVID-19, lawmakers said regulators must do more to stop price gouging and scams targeting the public...

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66% of Businesses Now Collect Credit Info on New Suppliers
66% of Businesses Now Collect Credit Info on New Suppliers
February 01, 2022  |  B2B Payments

In the B2B ecosystem, firms must complete complex onboarding processes to set customers up for new transactions and vet new suppliers or vendors. While this...

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Preventing Online Fraud Should Start by Examining Customer Intent
Preventing Online Fraud Should Start by Examining Customer Intent
February 01, 2022  |  Security & Fraud

There are promises made in commerce — unspoken promises that are too often broken, inadvertently, in the digital age. Get the Full Story Complete the...

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Travala on the Onboarding Challenges of Cryptocurrency Payments
Travala on the Onboarding Challenges of Cryptocurrency Payments
January 31, 2022  |  Cryptocurrency

While cryptocurrency payments are rapidly gaining traction, accepting crypto comes with a variety of issues, such as long processing times and the risk of fraud....

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