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.

FinCEN Logs $5.2B in Bitcoin Ransomware Transactions Paid in First Half of ’21
FinCEN Logs $5.2B in Bitcoin Ransomware Transactions Paid in First Half of ’21
October 19, 2021  |  Security & Fraud

The U.S. Financial Crimes Enforcement Network (FinCEN) has revealed that more than $5 billion in bitcoin transactions were linked to ransomware payments. Get the Full...

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Marketplaces Mull How to Combat $464B of Counterfeit Goods
Marketplaces Mull How to Combat $464B of Counterfeit Goods
October 19, 2021  |  Retail

Amazon, eBay and Etsy, which months ago united in opposition to legislation in the U.S. Senate designed to protect online shoppers from counterfeit products, now...

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Retailers Need to Combat Fraud and False Declines to Win Lifetime Customers
Retailers Need to Combat Fraud and False Declines to Win Lifetime Customers
October 19, 2021  |  Security & Fraud

“Forty percent of shoppers who are declined on their first visit won’t return, and one-third will end up seeking out the competition,” says Liron Damri,...

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Fraudsters Launching Fewer Attacks, But Aim At Bigger Targets
Fraudsters Launching Fewer Attacks, But Aim At Bigger Targets
October 18, 2021  |  Security & Fraud

The steady rise of the global eCommerce market has created a radically new fraud environment, where fraudsters now seek bigger targets, but strike less often. The evolution comes at a...

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Google Warns Government-Backed Hackers Are on the Rise
Google Warns Government-Backed Hackers Are on the Rise
October 17, 2021  |  Security & Fraud

Google’s Threat Analysis Group (TAG) is warning high-risk groups that there has been a surge in activity by government-backed hacking campaigns, up 33% so far...

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UK’s Banking Protocol Helps Stop $44M in Scam Attempts in First Half of ’21
UK’s Banking Protocol Helps Stop $44M in Scam Attempts in First Half of ’21
October 15, 2021  |  Security & Fraud

With the increasing digitization of payments due to the pandemic, it is estimated that over $6 trillion will be exchanged through digital channels by the...

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Reports of Fraud Mar El Salvador’s Bitcoin Journey
Reports of Fraud Mar El Salvador’s Bitcoin Journey
October 15, 2021  |  Bitcoin

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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Treasury Reports $590M in Suspected Ransomware Payments
Treasury Reports $590M in Suspected Ransomware Payments
October 15, 2021  |  Security & Fraud

A new report from the Treasury Department shows that American banks and financial institutions (FIs) recorded close to $600 million in suspected ransomware payments during...

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Equifax Debuts Digital Identity Services to Boost Trust, Onboarding
Equifax Debuts Digital Identity Services to Boost Trust, Onboarding
October 13, 2021  |  Digital Identity

Equifax has rolled out a new Digital Identity-as-a-Service capability, along with a new partnership with Bonifii as the first to adopt the tool, according to...

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