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.

UK Cops Seize $249M In Crypto Crackdown

UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Cybersecurity

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

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Fashion Brand Guess Data Breach Impacts Customer Info
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021  |  Cybersecurity

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get...

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Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
July 09, 2021  |  AML

As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department...

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Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021  |  Bitcoin

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

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Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
July 08, 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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B2B Payment Ecosystems Tackle Business Email Compromise
B2B Payment Ecosystems Tackle Business Email Compromise
July 08, 2021  |  B2B Payments

When the likes of Google and Facebook can fall victim to B2B payments fraud, it’s time for companies of all sizes and industries to pay...

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eCommerce Platform Fancy On Curbing Friction In Cross-Border Luxury Sales
eCommerce Platform Fancy On Curbing Friction In Cross-Border Luxury Sales
July 08, 2021  |  Consumer Payments

Consumers' favorite runway looks are often just a click away, but not when buyers shop cross border. In this month’s Cross-Border Retail Payments Tracker, Greg...

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FBI: Why AI And MFA Provide The Most Effective Fraud Defense
FBI: Why AI And MFA Provide The Most Effective Fraud Defense
July 08, 2021  |  Fraud Prevention

Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with...

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