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.

COVID Fraud Could Hit $163B, Experts Say

COVID Fraud Could Hit $163B, Experts Say
COVID Fraud Could Hit $163B, Experts Say
August 17, 2022  |  Cybersecurity

While 1,500 people have been charged with pandemic fraud and 450 have been convicted, investigators are still chasing down abundant leads in what could top...

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Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
August 17, 2022  |  Cybersecurity

The financial services industry has done a good job safeguarding consumers from third-party fraud — that age-old ruse in which bad actors steal personal information,...

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76% of Merchants Prefer to Manage Chargeback Disputes With Third-Party Tools
76% of Merchants Prefer to Manage Chargeback Disputes With Third-Party Tools
August 08, 2022  |  Cybersecurity

An unwelcome side effect of the eCommerce and digital payments boom is the burden of chargebacks and disputes, and more merchants and brands are finding...

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CFPB Fine Prompts Senators to Demand More Info From US Bank 
CFPB Fine Prompts Senators to Demand More Info From US Bank 
August 08, 2022  |  CFPB

Several Democratic senators fired off a letter to U.S. Bank CEO Andrew Cecere demanding additional information after the Consumer Financial Protection Bureau (CFPB) fined the...

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Report: Experian Faces Class-Action Lawsuit Over Security Concerns
Report: Experian Faces Class-Action Lawsuit Over Security Concerns
August 07, 2022  |  Legal & Regulation

Consumer credit bureau Experian is facing a class-action lawsuit over allegations that it didn’t do enough to prevent identity thieves from sabotaging peoples’ accounts. Get...

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Risk Managers Find Themselves Wearing Multiple Hats as New Threats Mount
Risk Managers Find Themselves Wearing Multiple Hats as New Threats Mount
August 04, 2022  |  Risk Management

“Each day looks wildly different.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Synctera Launches Compliance Program Ground Control
Synctera Launches Compliance Program Ground Control
August 03, 2022  |  Innovation

FinTech platform Synctera has launched Ground Control, a banking and compliance program designed to help creators of financial products ensure they are meeting banking and...

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Millions Drained in Solana Wallet Hack
Millions Drained in Solana Wallet Hack
August 03, 2022  |  Cybersecurity

Security firms are scrambling to assess total losses after hackers hit thousands of Solana wallets and drained millions in assets in an attack that started...

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