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.

Best Buy Tightens Security, CEO Warns of Impact on Employee Retention
Best Buy Tightens Security, CEO Warns of Impact on Employee Retention
November 23, 2021  |  Retail

Best Buy CEO Corie Barry said she thinks a glut of thefts could end up having a ripple effect on employee retention, CNBC reported. Get...

READ MORE >
Bitcoin Daily: MercadoPago to Allow Bitcoin Buying, Selling in Brazil; UK Man Faces Extradition to US Over Crypto Scam
Bitcoin Daily: MercadoPago to Allow Bitcoin Buying, Selling in Brazil; UK Man Faces Extradition to...
November 23, 2021  |  Bitcoin

MercadoPago will soon let Brazilian customers buy, sell and hold bitcoin, Bitcoin Magazine reported. MercadoPago is the digital payments app of MercadoLibre. Get the Full...

READ MORE >
Malicious Shopping Bots Top the Naughty List for Holiday 2021 eCommerce
Malicious Shopping Bots Top the Naughty List for Holiday 2021 eCommerce
November 23, 2021  |  Retail

From the apocalyptic AI of Marvel’s Ultron to the time-traveling homicidal programming of “The Terminator,” we can all agree that movie robots are often creepy....

READ MORE >
Fraud Suit Verdict Undermines SEC Control of Cryptocurrencies
Fraud Suit Verdict Undermines SEC Control of Cryptocurrencies
November 23, 2021  |  Legal

A lawsuit over an alleged crypto Ponzi scheme dating back to 2014 may have thrown a big wrench into the U.S. Securities and Exchange Commission’s...

READ MORE >
Merchants Lose 2% of Sales Every Year to Return and Promotion Policy Abuse
Merchants Lose 2% of Sales Every Year to Return and Promotion Policy Abuse
November 22, 2021  |  Retail

Policy abuse can cause retailers to lose more than 2% of their revenue each year, and yet only 46% of firms use internal technology to...

READ MORE >
AmEx Lured Business Customers with Fraudulent Sales Pitch
AmEx Lured Business Customers with Fraudulent Sales Pitch
November 22, 2021  |  Banking

American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise...

READ MORE >
As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
November 22, 2021  |  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....

READ MORE >
UK Payments Regulator to Require Repayment for Push Payment Fraud
UK Payments Regulator to Require Repayment for Push Payment Fraud
November 22, 2021  |  Security & Fraud

The U.K. Payments System Regulator (PSR) is requiring repayment to victims of authorized push payment (APP) fraud after more than 350 million pounds ($469 million)...

READ MORE >
Retailers Use AI to Build Trust in Secondhand Luxury, Sneaker Sales
Retailers Use AI to Build Trust in Secondhand Luxury, Sneaker Sales
November 22, 2021  |  Retail

There is nothing like searching online for a nice secondhand watch, handbag or pair of sneakers, only to have the item show up and turn...

READ MORE >