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.

Credit Card Skimmer Leads to Costco Data Breach
Credit Card Skimmer Leads to Costco Data Breach
November 12, 2021  |  Security & Fraud

Retail giant Costco Wholesale Corporation sent letters this month to its customers alerting them that their payment information may have been stolen through a credit...

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Check Fraud Accounts for 60% of Attempted Bank Account Theft
Check Fraud Accounts for 60% of Attempted Bank Account Theft
November 12, 2021  |  Security & Fraud

Banking customers’ expectations of their financial institutions (FIs) are changing as more transactions and activity go digital — at warp speed. Get the Full Story...

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1 in 5 Millennials Experienced Online Fraud While Holiday Shopping in 2020
1 in 5 Millennials Experienced Online Fraud While Holiday Shopping in 2020
November 11, 2021  |  Retail

All totaled, 12% of online shoppers experienced fraud during the 2020 holiday shopping season, according to The 2021 Holiday Shopping Outlook, a PYMNTS and Kount...

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What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
November 11, 2021  |  Payment Methods

The rapidly evolving payments landscape can be a nightmare for merchants to navigate, all the more so when they’re entering into expansion mode. When moving...

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89% of Retailers Get Burned By Abuse of Their Own Customer Promotions
89% of Retailers Get Burned By Abuse of Their Own Customer Promotions
November 10, 2021  |  Retail

Retail customers perpetrating policy abuse cost U.S. firms with more than $100 million in annual sales a collective $89 billion in revenue each year, according...

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DOJ Going After Corporate Misconduct with New Advisory Group
DOJ Going After Corporate Misconduct with New Advisory Group
November 10, 2021  |  Regulation

Corporate misconduct and white-collar crime are on the radar of the U.S. Department of Justice (DOJ), with new Deputy Attorney General (DAG) Lisa Monaco introducing...

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Bitcoin Daily: Bitcoin, Ether Hit New Record Highs; Criminals Go After Bitcoin ATMs; Landry’s, NYDIG Work on Crypto Rewards Program
Bitcoin Daily: Bitcoin, Ether Hit New Record Highs; Criminals Go After Bitcoin ATMs; Landry’s, NYDIG...
November 09, 2021  |  Bitcoin

Bitcoin and ether have reached new record highs as analysts posited that a rally in financial assets could be partly due to investors who are...

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US Charges Suspect in Kaseya Cyberattack, Promises Action Against Others
US Charges Suspect in Kaseya Cyberattack, Promises Action Against Others
November 08, 2021  |  Security & Fraud

In a breakthrough for the President Joe Biden administration’s pursuit of cybercriminals, law enforcement officials seized $6.1 million in ransom payments, and federal prosecutors charged...

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Live Streamers From Turkey Reportedly Laundered $10M Over Twitch
Live Streamers From Turkey Reportedly Laundered $10M Over Twitch
November 08, 2021  |  Security & Fraud

Live streamers based in Turkey are allegedly behind a $10 million money-laundering ring that used the live streaming platform Twitch, which is owned by Amazon,...

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