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.

Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics

Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
Deep Dive: Identifying ID-Free Individuals With Mobile, Biometrics
March 13, 2020  |  AML

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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Hackers Scam Consumers By Posing As Health Organizations
Hackers Scam Consumers By Posing As Health Organizations
March 12, 2020  |  Economy

Hackers around the world are taking advantage of coronavirus fears by posing as organizations like the U.S. Centers for Disease Control and Prevention (CDC) and...

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Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For Payments
Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For...
March 12, 2020  |  News

In today’s top payments news, in Paris, six men were convicted of an impersonation plot that garnered $50 million, and Wirecard has partnered with Klarna...

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Payment Data From 2019 Volusion Hack Appears On Dark Web
Payment Data From 2019 Volusion Hack Appears On Dark Web
March 12, 2020  |  Cybersecurity

Last year, credit card data was stolen from online stores hosted by eCommerce software, hosting and support company Volusion. Now, that data has appeared for...

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How A Local Lens For Risk Analysis Can Fight Global  Money Laundering  And Fraud
How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud
March 12, 2020  |  AML

Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could...

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Paris Sentences 6 In $50M Impersonation Plot 
Paris Sentences 6 In $50M Impersonation Plot 
March 12, 2020  |  Cybersecurity

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government...

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AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
March 11, 2020  |  Cybersecurity

The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 million in possible U.S. sanction violations,...

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Global Payments: Taking A Localized Approach To Fighting Fraud
Global Payments: Taking A Localized Approach To Fighting Fraud
March 11, 2020  |  AML

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance...

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