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.

Peer-To-Peer Payments Present Urgent Fraud Challenges
Peer-To-Peer Payments Present Urgent Fraud Challenges
April 20, 2021  |  Security & Fraud

Faster payments schemes are gaining traction around the globe. Unfortunately, so are the fraudsters. As recent PYMNTS research on the topic shows, some financial institutions...

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Fighting Fraudulent Behavior With Anomaly Detection A Major Step In Cybersecurity
Fighting Fraudulent Behavior With Anomaly Detection A Major Step In Cybersecurity
April 19, 2021  |  Fraud Prevention

Shocking but true are the facts that 95 percent of fraudulent synthetic identities are missed by legacy security measures when remotely onboarding new accounts, and...

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How Stash Is Tapping Machine Learning, Behavioral Biometrics For Robust, Digital-First Identity Verification
How Stash Is Tapping Machine Learning, Behavioral Biometrics For Robust, Digital-First Identity Verification
April 19, 2021  |  Identity

Many younger consumers are accessing financial services for the first time, but this digital rush is creating new opportunities for fraudsters armed with synthetic identities...

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Internal B2B Payment Fraudsters Wreak Havoc On Businesses
Internal B2B Payment Fraudsters Wreak Havoc On Businesses
April 19, 2021  |  B2B Payments

The business email compromise (BEC) scam remains a massive threat to companies. But sometimes, the biggest fraud risk can be found within the enterprise. Get...

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Pulitzer Prize-Winning Madoff Book Author Sees Connection To His Crimes And Current Wall Street Environment
Pulitzer Prize-Winning Madoff Book Author Sees Connection To His Crimes And Current Wall Street Environment
April 19, 2021  |  Security & Fraud

Bernie Madoff died last week (April 14) closing a chapter on one part of his historical fraud and massive manipulation of the financial system. Get...

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Banking Security Needs Upgrade for API Era
Banking Security Needs Upgrade for API Era
April 16, 2021  |  Security & Fraud

Established financial services firms have not typically led the charge when it comes to the adoption of new technology. But as they go digital, and...

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Stash Banks On Biometrics, Machine Learning To Support Digital-First ID Verification
Stash Banks On Biometrics, Machine Learning To Support Digital-First ID Verification
April 16, 2021  |  Identity

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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AI-Based eCommerce Fraud Solution Signifyd Closes $205 Million Round
AI-Based eCommerce Fraud Solution Signifyd Closes $205 Million Round
April 15, 2021  |  Investments

eCommerce fraud protection platform Signifyd has raised $205 million in a Series E funding round, the company announced in a press release Thursday (April 15),...

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Bitcoin Daily: JPMorgan, Mastercard Join $65 Million Funding Round For ConsenSys; $623 Million Worth Of Bitcoin From 2016 Bitfinex Hack Was Transferred Wednesday
Bitcoin Daily: JPMorgan, Mastercard Join $65 Million Funding Round For ConsenSys; $623 Million Worth Of...
April 14, 2021  |  Bitcoin

Ethereum software company ConsenSys has announced the close of its $65 million foundation round, according to a press release, with J.P. Morgan and Mastercard among...

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