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 BBVA Is Using AI To Fight Against AI-Armed Fraudsters
How BBVA Is Using AI To Fight Against AI-Armed Fraudsters
July 25, 2019  |  Digital Banking

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 >
GIACT Report: $3.4B Lost To New Account Fraud In 2018
GIACT Report: $3.4B Lost To New Account Fraud In 2018
July 25, 2019  |  Security & Fraud

A new report from GIACT Systems has revealed that $3.4 billion was lost due to New Account Fraud (NAF) last year. Get the Full Story...

READ MORE >
Bitcoin Daily: NY Regulator Announces New Crypto Unit; Online Crypto Lender Leaked Customers’ Credit Info
Bitcoin Daily: NY Regulator Announces New Crypto Unit; Online Crypto Lender Leaked Customers’ Credit Info
July 25, 2019  |  Bitcoin

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies....

READ MORE >
Even For Smart Sprinklers, Security Matters
Even For Smart Sprinklers, Security Matters
July 24, 2019  |  Internet of Things

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 >
Scammers Hawk Bogus Libra Currency
Scammers Hawk Bogus Libra Currency
July 23, 2019  |  Security & Fraud

Facebook’s Libra has not even officially rolled out, yet there are already fake outlets springing up. Get the Full Story Complete the form to unlock...

READ MORE >
Mobile Devices And Navigating Identity’s ‘Big Canvas’
Mobile Devices And Navigating Identity’s ‘Big Canvas’
July 23, 2019  |  Authentication

The fundamental unit of trust in any transaction lies in identity — namely, ensuring that the person who shows up to transact is who they...

READ MORE >
Equifax Nears $700M Settlement For Data Breach
Equifax Nears $700M Settlement For Data Breach
July 21, 2019  |  Security & Fraud

The 2017 Equifax data hack affecting more than 143 million people worldwide will cost the company about $700 million.  Get the Full Story Complete the...

READ MORE >
AML Expenses Eat Into Nordic Lenders’ Profits
AML Expenses Eat Into Nordic Lenders’ Profits
July 21, 2019  |  Banking

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

READ MORE >
Ex-Microsoft Employee Accused Of Stealing Millions In Digital Currency
Ex-Microsoft Employee Accused Of Stealing Millions In Digital Currency
July 18, 2019  |  Security & Fraud

A former Microsoft engineer named Volodymyr Kvashuk was arrested and charged with mail fraud for allegedly stealing millions in digital money from Microsoft, according to...

READ MORE >