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.

Smart Underwriting Tech Helps PayFacs Balance Speed, Risk When Onboarding Merchants, Adding New Verticals

Smart Underwriting Tech Helps PayFacs Balance Speed, Risk When Onboarding Merchants, Adding New Verticals
Smart Underwriting Tech Helps PayFacs Balance Speed, Risk When Onboarding Merchants, Adding New Verticals
May 14, 2021  |  Security & Fraud

Underwriting, aided by technology — and at least some level of automation — can get faster and more intuitive, helping payment service providers (PSPs) approve...

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Bitcoin Daily: DOJ, IRS Investigate Binance Crypto Exchange; Crypto Theft Falls, DeFi Fraud Spikes
Bitcoin Daily: DOJ, IRS Investigate Binance Crypto Exchange; Crypto Theft Falls, DeFi Fraud Spikes
May 13, 2021  |  Bitcoin

Cryptocurrency exchange Binance Holdings is now under investigation by the Department of Justice (DOJ) and the IRS as they try to make some order out...

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Colonial Pipeline Pays Nearly $5 Million In Ransom After Cyberattack
Colonial Pipeline Pays Nearly $5 Million In Ransom After Cyberattack
May 13, 2021  |  Security & Fraud

The Colonial Pipeline, under siege by hackers, has paid nearly $5 million in a ransom deal, CNBC reported. Get the Full Story Complete the form...

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Debit Account Validation Manages ACH Fraud Amid Faster Payment Changes
Debit Account Validation Manages ACH Fraud Amid Faster Payment Changes
May 13, 2021  |  Faster Payments

Faster payments have grown at breakneck speed over the past few years. In the first quarter of 2020 alone, it’s setting new records in payment...

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Bringing Clarity To The Messy World Of Corporate Ransomware
Bringing Clarity To The Messy World Of Corporate Ransomware
May 12, 2021  |  B2B Payments

Ransomware is, yet again, snatching up headlines, with one of the U.S.’ largest pipelines, operated by Colonial Pipeline, the latest victim of cyberattacks. Before that,...

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Slice Keeps Fraudsters From Getting A Piece Of The Data Pie
Slice Keeps Fraudsters From Getting A Piece Of The Data Pie
May 12, 2021  |  Fraud Prevention

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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Glovo Suffers Data Hack Of Users’ Private Information
Glovo Suffers Data Hack Of Users’ Private Information
May 11, 2021  |  Security & Fraud

A group of hackers accessed private data for Glovo, a Spanish delivery app, Bloomberg reported. Get the Full Story Complete the form to unlock this...

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NEW DATA: Banks Win When Consumers Control Mobile Banking App Authentication
NEW DATA: Banks Win When Consumers Control Mobile Banking App Authentication
May 11, 2021  |  Mobile Applications

When it comes to mobile banking app security, consumers are eager for personalization and control. Get the Full Story Complete the form to unlock this...

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FBI Identifies Suspects In Colonial Pipeline Hack
FBI Identifies Suspects In Colonial Pipeline Hack
May 10, 2021  |  Security & Fraud

The FBI said it has identified the hackers who shut down the East Coast’s main gas and diesel pipeline last week as a group from...

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