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.

NY Crypto Cos. Ordered To Create Coronavirus Emergency Plans
NY Crypto Cos. Ordered To Create Coronavirus Emergency Plans
March 15, 2020  |  Coronavirus

The New York Department of Financial Services (NYDFS) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to...

READ MORE >
Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy
Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy
March 15, 2020  |  Retail

A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have...

READ MORE >
eCommerce Fraud Presents A $12 Billion Problem
eCommerce Fraud Presents A $12 Billion Problem
March 14, 2020  |  Retail

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at...

READ MORE >
Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
March 13, 2020  |  AML

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Hackers Scam Consumers By Posing As Health Organizations
Hackers Scam Consumers By Posing As Health Organizations
March 12, 2020  |  Coronavirus

Hackers around the world are taking advantage of coronavirus fears by posing as organizations like the U.S. Centers for Disease Control and Prevention (CDC) and...

READ MORE >
Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For Payments
Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For...
March 12, 2020  |  News

In today’s top payments news, in Paris, six men were convicted of an impersonation plot that garnered $50 million, and Wirecard has partnered with Klarna...

READ MORE >
Payment Data From 2019 Volusion Hack Appears On Dark Web
Payment Data From 2019 Volusion Hack Appears On Dark Web
March 12, 2020  |  Security & Fraud

Last year, credit card data was stolen from online stores hosted by eCommerce software, hosting and support company Volusion. Now, that data has appeared for...

READ MORE >
How A Local Lens For Risk Analysis Can Fight Global  Money Laundering  And Fraud
How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud
March 12, 2020  |  AML

Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could...

READ MORE >
Paris Sentences 6 In $50M Impersonation Plot 
Paris Sentences 6 In $50M Impersonation Plot 
March 12, 2020  |  Security & Fraud

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government...

READ MORE >