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.

Prosecutors Charge OneCoin Leaders With Fraud In Pyramid Scheme
Prosecutors Charge OneCoin Leaders With Fraud In Pyramid Scheme
March 08, 2019  |  Security & Fraud

United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions,...

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Reshaping Payments And Commerce
Reshaping Payments And Commerce
March 07, 2019  |  Today In Data

Unattended payments are among the forces shaping — or even reshaping — payments and commerce. So are the actions of government when it comes to financial...

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At 73 Pct, FIs Top Authentication Satisfaction — Here’s Why
At 73 Pct, FIs Top Authentication Satisfaction — Here’s Why
March 05, 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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Consumers Crave Convenience, But Focus On Safety
Consumers Crave Convenience, But Focus On Safety
March 04, 2019  |  Today In Data

There is no shortage of things to worry about in the world of cybersecurity. From data breaches to fraudsters creating synthetic IDs using children’s Social Security numbers,...

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Small Businesses In The Crosshairs Of Utility Fraud
Small Businesses In The Crosshairs Of Utility Fraud
March 04, 2019  |  B2B Payments

As small businesses (SMBs) heighten their awareness of fraud and cybercrime, fraudsters add to their own lists of tactics to steal money. Recent years have...

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Facebook Lawsuit Goes After Sellers Of Fake Accounts
Facebook Lawsuit Goes After Sellers Of Fake Accounts
March 03, 2019  |  Facebook

To tackle “fraudulent activity” on its platform, Facebook and Instagram are suing four companies and individuals in China. The case is over the sale of...

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When Synthetic IDs Are As Good As The Real Thing
When Synthetic IDs Are As Good As The Real Thing
March 01, 2019  |  Fraud Prevention

It’s no secret that digital criminals are becoming more sophisticated. So are the fraud defenses deployed by merchants, payment service providers and financial institutions. But...

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