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 Allstate Leverages AI To Show Insurance Fraudsters The Door

How Allstate Leverages AI To Show Insurance Fraudsters The Door
How Allstate Leverages AI To Show Insurance Fraudsters The Door
April 22, 2020  |  Fraud Prevention

Fraudulent claims in the U.S. account for more than $80 billion in payments a year, with legitimate customers paying higher premiums to make up for...

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Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure
Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure
April 22, 2020  |  Digital Onboarding

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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Stemming The SIM-Swapping Tide In Fraud Friendlier Times
Stemming The SIM-Swapping Tide In Fraud Friendlier Times
April 22, 2020  |  Cybersecurity

While being the victim of fraud is never good, there is something to be said for at least being able to identify where exactly one...

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Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough
Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough
April 21, 2020  |  Legal & Regulation

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube, alleging that the popular video platform isn’t doing its due diligence...

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Behind Quontic Bank’s Data-Driven Approach To Faster Onboarding
Behind Quontic Bank’s Data-Driven Approach To Faster Onboarding
April 21, 2020  |  Digital Onboarding

With 48 percent of the money pocketed by fraudsters coming from funds stolen from day-old accounts, secure customer onboarding is more critical than ever. In...

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AP Automation Combats COVID Scams
AP Automation Combats COVID Scams
April 21, 2020  |  Cybersecurity

COVID-19 has afforded internet villains what will certainly go down as the greatest cybertheft opportunity of their shadowy lifetimes. Business email compromise (BEC), B2B phishing...

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Royal Bank Of Canada Rolls Out Digital ID Verification For Account Opening
Royal Bank Of Canada Rolls Out Digital ID Verification For Account Opening
April 21, 2020  |  Authentication

Consumers now flock online to do their banking but remotely verifying customers' IDs is not without its challenges, as fraudsters are becoming increasingly skilled at...

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Allstate On Using AI To Fight Insurance Claims Fraud
Allstate On Using AI To Fight Insurance Claims Fraud
April 21, 2020  |  Fraud Prevention

Cybersecurity experts are scrambling to fight the sheer number of different digital fraud forms that are on the rise, and the ongoing COVID-19 pandemic has...

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