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.

Report: Crypto Crime Could Reach $4.3B This Year
Report: Crypto Crime Could Reach $4.3B This Year
August 13, 2019  |  Security & Fraud

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 billion this year. Get the Full Story Complete...

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Lawsuits Pile Up For Cap One, Amazon Post Hack
Lawsuits Pile Up For Cap One, Amazon Post Hack
August 11, 2019  |  Legal

Capital One and Amazon Web Services are being sued by customers due to the massive hack that impacted more than 106 million people, GeekWire reported....

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Putting Security And Fraud Protection Into Place With SCA
Putting Security And Fraud Protection Into Place With SCA
August 09, 2019  |  Today In Data

Merchants are scrambling as the strong customer authentication (SCA) deadline looms. In other security news, phone numbers can provide a treasure trove of information about a consumer who is...

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Cyberattack Paralyzes India eProcurement Portal
Cyberattack Paralyzes India eProcurement Portal
August 09, 2019  |  B2B Payments

A cyberattack has shut down the governmental eProcurement system of the southwestern Indian state of Karnataka, reports in The New Indian Express said on Thursday...

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Bitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem For Crypto Trading And Betting
Bitcoin Daily: AU Police Charge Five In Crypto Cold-Calling Scam; EZ365 To Launch Blockchain Ecosystem...
August 08, 2019  |  Bitcoin

Authorities in Australia have charged five individuals in connection with a digital currency investment scheme, which reportedly bilked victims out of $2.7 million, TheNextWeb reported....

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Fighting Fraud With Identity Verification In The Sharing Economy
Fighting Fraud With Identity Verification In The Sharing Economy
August 08, 2019  |  Today In Data

The verification and authentication processes of many sharing economy platforms are poorly equipped to combat the growing risk of fraud. In technology news, smartwatches and wearables are among the...

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Deep Dive: Securing Digital Identities Without Relying On Passwords
Deep Dive: Securing Digital Identities Without Relying On Passwords
August 08, 2019  |  Authentication

Digital identification continues to make immense strides in implementation and uptake in the world’s economy, but it is not without vulnerabilities. More than 4.5 billion...

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As SCA Deadline Looms, Merchants Scramble
As SCA Deadline Looms, Merchants Scramble
August 08, 2019  |  Regulation

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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REPORT: What Sharing Economy Platforms Don’t Get About Digital ID
REPORT: What Sharing Economy Platforms Don’t Get About Digital ID
August 07, 2019  |  Security & Fraud

Sharing economy platforms have permeated every aspect of consumers’ lives. Some 60.1 million Americans hitch rides through ridesharing offerings like Uber or Lyft, for example,...

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