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.

Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years

Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020  |  Cybersecurity

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...

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How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval
How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval
July 03, 2020  |  Next-Gen Debit

The shuttering and reopening of states' economies are causing seismic shifts in consumer behaviors. Tried and tested ways of catching fraudsters, such as comparing consumers'...

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Audit Standards On Hot Seat In Wake Of Wirecard Scandal
Audit Standards On Hot Seat In Wake Of Wirecard Scandal
July 02, 2020  |  Cybersecurity

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard...

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness
How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness
July 02, 2020  |  Next-Gen Debit

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

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Why Fighting Fraud Means Looking Beyond The Transaction
Why Fighting Fraud Means Looking Beyond The Transaction
July 02, 2020  |  Fraud Prevention

Consumers’ commerce patterns have been very much upended in the past few months and shifted heavily to digital. Get the Full Story Complete the form...

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New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
July 02, 2020  |  Cybersecurity

As a one-size-fits-all solution does not exist for the increasing problem of synthetic identity fraud, The Federal Reserve reports that experts suggest a “comprehensive approach”...

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SoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
SoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
July 01, 2020  |  Cybersecurity

SoftBank is looking to put distance between itself and Wirecard due to the German payments company’s ongoing scandal involving missing money and cooked books, The...

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