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 Regulators Turn to Anti-Fraud Jingle to Thwart Holiday Loan Scams
UK Regulators Turn to Anti-Fraud Jingle to Thwart Holiday Loan Scams
December 24, 2021  |  Security & Fraud

This Christmas, the U.K.’s Financial Conduct Authority (FCA) is taking the fight against fraud to a whole new musical level. Get the Full Story Complete...

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Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
Banks Seek AI Platforms-as-a-Service Amid Ever-Increasing Risk
December 23, 2021  |  Artificial Intelligence

Sudhir Jha, senior vice president and head of Mastercard’s Brighterion unit, told Karen Webster in the most recent On the Agenda discussion that artificial intelligence...

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Japanese Firms Collaborate to Fight Payments Fraud
Japanese Firms Collaborate to Fight Payments Fraud
December 22, 2021  |  Security & Fraud

A group of Japanese companies has launched an information-sharing program to prevent smartphone-based payments fraud. Get the Full Story Complete the form to unlock this...

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As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
December 22, 2021  |  Cryptocurrency

A British al-Qaida supporter was just sentenced to 16 months in jail for cryptocurrency trading and using bitcoin to buy stolen credit card information. Coinbase...

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PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021  |  Security & Fraud

The old saying goes: Faster payments make for faster fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters
Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters
December 22, 2021  |  Security & Fraud

Close to $100 billion was pilfered from pandemic relief funds, and the U.S. Secret Service has assigned Assistant Special Agent in Charge (ASAIC) Roy Dotson...

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60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important Anti-Fraud Tool
60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important...
December 21, 2021  |  Artificial Intelligence

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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Busbud on Tapping Payments Orchestration for a Flexible Future
Busbud on Tapping Payments Orchestration for a Flexible Future
December 20, 2021  |  Payments Innovation

Consumers want a single point of contact to manage their travel experiences; travel operators want a single point of contact to manage all of the...

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Four Executives Sentenced in SBA Fraud Case
Four Executives Sentenced in SBA Fraud Case
December 17, 2021  |  Security & Fraud

Four Indiana executives once associated with the now-defunct Banc-Serv Partners LLC were sentenced to prison in federal court this week. The government alleged that all...

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