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.

PYMNTS Data Brief: 84 Pct Of Consumers Expect New SMB Merchants To Guard Data

PYMNTS Data Brief: 84 Pct Of Consumers Expect New SMB Merchants To Guard Data
PYMNTS Data Brief: 84 Pct Of Consumers Expect New SMB Merchants To Guard Data
June 10, 2021  |  Cybersecurity

The connected economy is being shadowed by a despicable construct: the fraud economy, where people aren’t the legit customers they pretend to be. The damage...

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Bitcoin Daily: China Arrests 1,100 In Crypto Money Laundering Sting; Blockchain Startup Solana Labs Nets $314 Million For DeFi Tech
Bitcoin Daily: China Arrests 1,100 In Crypto Money Laundering Sting; Blockchain Startup Solana Labs Nets...
June 09, 2021  |  Bitcoin

The Chinese police have arrested about 1,100 people on money laundering charges, CoinDesk reported, adding those arrested were allegedly using crypto to evade the law....

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To Win The War On Fraud, FIs Must Become FPs (Financial Protectors)
To Win The War On Fraud, FIs Must Become FPs (Financial Protectors)
June 08, 2021  |  Cybersecurity

We’re all using apps more than ever before – especially to bank, make payments and get money into the hands of friends and family with...

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Bye Bye, Buy Button: FIS’ Kresse Says Social, Wearables, Contextual Are The Future
Bye Bye, Buy Button: FIS’ Kresse Says Social, Wearables, Contextual Are The Future
June 08, 2021  |  Payment Methods

In this new epoch of payments, technologies and channels that were still experimental last year are going mainstream at speed — none more so than...

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Bitcoin Daily: FTC Says Bitcoin Boom Draws Fraudsters; Basel Committee Advises Avoiding Crypto
Bitcoin Daily: FTC Says Bitcoin Boom Draws Fraudsters; Basel Committee Advises Avoiding Crypto
June 07, 2021  |  Bitcoin

A recent bitcoin boom is attracting scammers, The Wall Street Journal (WSJ) reported, citing the Federal Trade Commission (FTC). The lack of regulation and the...

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US Recovers $2.3 Million In Crypto From Colonial Pipeline Hacking Ransom
US Recovers $2.3 Million In Crypto From Colonial Pipeline Hacking Ransom
June 07, 2021  |  Cryptocurrency

The U.S. has recovered millions of dollars’ worth of cryptocurrency paid to the hackers of the Colonial Pipeline as ransom, CNN reported. Get the Full...

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FBI’s Christopher Wray: Ransomware Threats Akin To 9/11 Attacks
FBI’s Christopher Wray: Ransomware Threats Akin To 9/11 Attacks
June 04, 2021  |  Cybersecurity

The Federal Bureau of Investigation (FBI) is investigating roughly 100 varieties of ransomware, The Wall Street Journal reported on Friday (June 4). These challenges, many of...

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With Credit Card Fraud Facing Extinction, ID Theft Looks To Fill The Void
With Credit Card Fraud Facing Extinction, ID Theft Looks To Fill The Void
June 04, 2021  |  Cybersecurity

The good news is we may finally be witnessing the end of credit card fraud. The bad news, however, is that the online fraudsters and...

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