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.

7M Venmo Transactions Scraped To Warn Users

7M Venmo Transactions Scraped To Warn Users
7M Venmo Transactions Scraped To Warn Users
June 17, 2019  |  Safety and Security

A computer science student scraped seven million Venmo transactions to warn users that their public activity can still be stolen. Dan Salmon said he scraped...

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In Payments Fraud, A Crypto Scam
In Payments Fraud, A Crypto Scam
June 14, 2019  |  B2B Payments

It’s not just about invoices and BEC.  In one recent example, payments fraud reached into the crypto realm – and a publicly listed company.  Elsewhere,...

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Deep Dive: How Account Takeovers Are Affecting The $138B Gaming Industry
Deep Dive: How Account Takeovers Are Affecting The $138B Gaming Industry
June 14, 2019  |  Fraud Prevention

The $138 billion video game market has become a lightning rod for cybercriminals looking to make a quick buck. Game-related crime such as piracy is...

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Fraudsters Find New Bank Stomping Grounds
Fraudsters Find New Bank Stomping Grounds
June 14, 2019  |  Security & Fraud

The good news in the world of fighting fraud and cybercrime is that, by the numbers, the battle against the thieves has been shown to...

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Two Auditors Implicated In India Fraud Case
Two Auditors Implicated In India Fraud Case
June 13, 2019  |  Security & Fraud

India has implicated two auditors working with Leasing & Financial Services (IL&FS) with 22 auditing violations that the country called “organized crime,” according to a...

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BNY Mellon’s AI-Based Fraud Detection Initiative
BNY Mellon’s AI-Based Fraud Detection Initiative
June 13, 2019  |  Security & Fraud

With the speed and volume of digital transactions increasing every year, fraudsters have become better at concealing their tracks. Hunting cybercriminals has become much like...

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Deep Dive: Striking A Balance In Digital ID Security
Deep Dive: Striking A Balance In Digital ID Security
June 13, 2019  |  Authentication

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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Mastercard Bets On Biometric Cards To Advance Inclusion
Mastercard Bets On Biometric Cards To Advance Inclusion
June 13, 2019  |  Mastercard

In early May, Mastercard, in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora...

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