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.

Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
Mastercard: ‘Movies’ Not ‘Snapshots’ of Consumer Behavior Help Banks Counter Scams
May 01, 2024  |  Fraud Prevention

Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce.  And in an era where technology has become increasingly...

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US Issues Stark Warning on AI Risks to Critical Infrastructure
US Issues Stark Warning on AI Risks to Critical Infrastructure
April 30, 2024  |  Artificial Intelligence

In a bid to safeguard the nation’s vital infrastructure, the federal government is now offering a playbook to help companies navigate the treacherous landscape of cybersecurity,...

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Advanced Tech and Data-Sharing Key Allies in Combating Sophisticated Fraud Scams
Advanced Tech and Data-Sharing Key Allies in Combating Sophisticated Fraud Scams
April 30, 2024  |  Security & Fraud

From safeguarding online purchases to strengthening eCommerce ecosystems, strong customer authentication (SCA) helps confirm remote electronic transactions, reshaping the digital commerce landscape. While its mandatory implementation in Europe...

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Why Securing Payments is a Big Deal for Small Businesses 
Why Securing Payments is a Big Deal for Small Businesses 
April 30, 2024  |  SMBs

There are nearly as many ways to pay and be paid as there are types of small businesses.  But there’s one common thread connecting both...

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UnitedHealth Group CEO Said Hackers Struck Via Citrix Portal
UnitedHealth Group CEO Said Hackers Struck Via Citrix Portal
April 29, 2024  |  Fraud Attack

UnitedHealth Group CEO Andrew Witty will testify Wednesday (May 1) that hackers broke into its Change Healthcare unit’s systems through the Citrix portal. “On February 12, criminals used compromised credentials...

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With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
April 29, 2024  |  Fraud Prevention

How much did payment fraud cost retailers last year? The answer, according to one analysis, is a cool $429 billion.    According to a recently released report from...

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UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
April 29, 2024  |  Security & Fraud

UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking...

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Simplicity Defines the Small Business Online Payments Playbook
Simplicity Defines the Small Business Online Payments Playbook
April 29, 2024  |  VISA

Moving a business online can be rewarding as enterprises reach broader audiences, sometimes global in scope, and expand their revenue opportunities with online payments. But...

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ComplyAdvantage Buys Golden to Bolster Financial Crime Fighting Tool
ComplyAdvantage Buys Golden to Bolster Financial Crime Fighting Tool
April 24, 2024  |  Fraud Prevention

Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden. As ComplyAdvantage noted in a Wednesday (April 23) news release sent to PYMNTS, Golden is “automating the construction...

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