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.

How More FIs Are Playing Offense Against Digital Fraud

How More FIs Are Playing Offense Against Digital Fraud
How More FIs Are Playing Offense Against Digital Fraud
October 03, 2019  |  Fraud Prevention

This week, Mastercard launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs. This new product is in line with recent...

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Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent
Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent
October 03, 2019  |  Mastercard

The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided. The fraud and security teams...

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For Better Banking, Is Consumer Control Actually Key?
For Better Banking, Is Consumer Control Actually Key?
October 03, 2019  |  Digital Banking

Consumers want control — everybody seems to know that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Chase Taps Machine Learning For Proactive Approach To Fraud
Chase Taps Machine Learning For Proactive Approach To Fraud
October 02, 2019  |  Fraud Prevention

Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that fraudsters can easily...

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India’s PMC Bank Accused Of Loan Fraud
India’s PMC Bank Accused Of Loan Fraud
October 01, 2019  |  International

A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report...

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FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years
FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years
October 01, 2019  |  Security & Fraud

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than...

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Clothing Trade Group: Amazon’s France, India Sites Rampant With Counterfeiting
Clothing Trade Group: Amazon’s France, India Sites Rampant With Counterfeiting
October 01, 2019  |  Amazon

The American Apparel & Footwear Association (AAFA) recently wrote a letter to the U.S. Trade Representative (USTR) asking it to add Amazon’s France and India...

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Amazon’s New Anti-Fraud Program Helps Sellers Avoid Counterfeits
Amazon’s New Anti-Fraud Program Helps Sellers Avoid Counterfeits
October 01, 2019  |  Security & Fraud

In its ongoing efforts to prevent fraud on its site, on Tuesday (Oct. 1) Amazon announced a new program to help sellers make sure their...

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