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.

Study: COVID-19 Fraud Reaches $100M
Study: COVID-19 Fraud Reaches $100M
August 05, 2020  |  Security & Fraud

SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March,...

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Report: Skillz Takes Bowling Online — And Strikes Out Bad Actors
Report: Skillz Takes Bowling Online — And Strikes Out Bad Actors
August 05, 2020  |  Authentication

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Fiserv: Merchants And The Need For Multilayered Security In A Digital-First World
Fiserv: Merchants And The Need For Multilayered Security In A Digital-First World
August 05, 2020  |  Security & Fraud

The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. Tim Horton, head of global...

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SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
August 04, 2020  |  Loans

Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a...

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Deep Dive: How Virtual Cards Can Ease Firms’ Cash Flow, Fraud Pains During The Pandemic
Deep Dive: How Virtual Cards Can Ease Firms’ Cash Flow, Fraud Pains During The Pandemic
August 04, 2020  |  B2B Payments

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Will COVID And Fraud Finally Kill The Paper Check?
Will COVID And Fraud Finally Kill The Paper Check?
August 03, 2020  |  Digital Payments

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity...

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Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M Crypto Scam; Alleged Twitter Teen Hacker Has $3M In Bitcoin
Bitcoin Daily: US Seeks To Return Funds To Investors From Banana.Fund In Connection With $6.5M...
August 03, 2020  |  Bitcoin

U.S. prosecutors are looking to give back $6.5 million in purportedly swindled cryptocurrency to “Banana.Fund” crowdfunding effort victims, CoinDesk reported. Get the Full Story Complete...

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FinCEN Warns Of COVID Scams Targeting FIs, Consumers
FinCEN Warns Of COVID Scams Targeting FIs, Consumers
August 02, 2020  |  Security & Fraud

The Financial Crimes Enforcement Network (FinCEN) issued a press release warning financial institutions (FIs) and consumers about pandemic-related scams, including some connected to cryptocurrency. Get...

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Chinese Regulators Prepare To Crack Down On Luckin Coffee
Chinese Regulators Prepare To Crack Down On Luckin Coffee
July 31, 2020  |  Security & Fraud

Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal...

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