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.

Payments Company Owner Gets Jail Time For Debit Fraud
Payments Company Owner Gets Jail Time For Debit Fraud
June 25, 2020  |  Security & Fraud

Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department...

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Amazon Starts Crime Unit To Crack Down On Counterfeits
Amazon Starts Crime Unit To Crack Down On Counterfeits
June 25, 2020  |  Amazon Commerce

Amazon has launched a new Counterfeit Crimes Unit, which it wants to use to combat fake listings on its eCommerce site. Get the Full Story...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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Philippines Opens Probe Into Wirecard’s Missing Cash
Philippines Opens Probe Into Wirecard’s Missing Cash
June 24, 2020  |  Security & Fraud

The Philippines has launched an investigation into the missing $2.1 billion that Wirecard said it deposited in two of the island nation’s banks, Reuters reported....

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Creating An ‘Anchor Of Trust’ In The Battle Against CNP Fraud
Creating An ‘Anchor Of Trust’ In The Battle Against CNP Fraud
June 24, 2020  |  Security & Fraud

As the world must go increasingly digital — perhaps permanently — people who had resisted the great shift to eCommerce have had to make the...

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DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Security & Fraud

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

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German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
June 23, 2020  |  Regulation

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed...

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction
Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction
June 23, 2020  |  B2B Payments

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. Get the Full Story Complete the...

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Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
June 22, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) is sending out over $8.7 million in refunds to 187,425 customers who were reportedly signed up for non-consensual payment plans...

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