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.

Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech

Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech
Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech
April 06, 2022  |  B2B Payments

Today in B2B payments, customers expect their digital payments to be simple, transparent and secure, while businesses need to use advanced technology to ensure proper...

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Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
April 06, 2022  |  Cybersecurity

The internet is a curious place — a digital bazaar where anything can be had, for a price. Get the Full Story Complete the form...

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Block Confirms Cash App Breach by Former Employee 
Block Confirms Cash App Breach by Former Employee 
April 06, 2022  |  Cybersecurity

A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple...

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IBM Launches Real-Time AI for Transaction Processing
IBM Launches Real-Time AI for Transaction Processing
April 06, 2022  |  Artificial Intelligence

IBM has introduced what it calls the next-generation system with an integrated artificial intelligence (AI) accelerator that promises to detect and prevent fraud, the New...

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Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
April 05, 2022  |  Cybersecurity

The Federal Reserve on Tuesday (April 5) banned six former bank employees, including two who had previously worked in Bank of America Corp.’s wealth management...

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Early Warning Services, Big Banks Launch ID Service Authentify
Early Warning Services, Big Banks Launch ID Service Authentify
April 05, 2022  |  Digital Identity

Early Warning Services LLC has teamed up with seven of America’s biggest banks to launch Authentify, an identity verification service for businesses and consumers. Get...

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As Application Fraudsters Set Sights on B2Bs, A Growing Threat Looms
As Application Fraudsters Set Sights on B2Bs, A Growing Threat Looms
April 05, 2022  |  Cybersecurity

The Paycheck Protection Program (PPP) loans are gone. The various tranches of government aid have been exhausted, and trillions of dollars in economic aid are...

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Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims
Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims
April 04, 2022  |  Walmart

Walmart’s technology has helped it identify and freeze millions in gift cards that were bought by elderly victims that had fallen prey to con artists,...

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