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.

FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches

FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021  |  Cybersecurity

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must...

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NFT Plaform OpenSea Said Employee Bought Items Before Sale
NFT Plaform OpenSea Said Employee Bought Items Before Sale
September 15, 2021  |  Cybersecurity

Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its...

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PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
September 15, 2021  |  Fraud Prevention

Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers...

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Anti-Fraud Firm ClearSale Lands $254M From IPO
Anti-Fraud Firm ClearSale Lands $254M From IPO
September 15, 2021  |  IPO

The fraud protection company ClearSale has raised $254 million through its July 30 initial public offering (IPO) on Brazil’s B3 stock exchange. Get the Full...

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AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
September 15, 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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Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
September 15, 2021  |  Bank Regulation

Sen. Elizabeth Warren said she thinks the Federal Reserve needs to break up Wells Fargo over what she referred to in a letter on Monday...

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New Report: Half of Large Firms Are Focused On Digital Identity and Authentication
New Report: Half of Large Firms Are Focused On Digital Identity and Authentication
September 14, 2021  |  Authentication

The digital shift quickly morphed into the connected economy, and in that online global ecosystem, identity is at least half the battle when it comes...

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Apple Fixes Flaw That Was Causing Software Breach Since February
Apple Fixes Flaw That Was Causing Software Breach Since February
September 13, 2021  |  Cybersecurity

Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported...

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