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.

Voice Tech Expands Horizons Amid Increasing Risks of Scams
Voice Tech Expands Horizons Amid Increasing Risks of Scams
February 29, 2024  |  Voice Activation

From the convenience of voice-activated virtual assistants to the integration of speech recognition in smartphones and smart homes, the technology landscape is increasingly shaped by...

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Change Healthcare Hack Leaves Smaller Providers Low on Cash
Change Healthcare Hack Leaves Smaller Providers Low on Cash
February 29, 2024  |  Security & Fraud

U.S. health providers are facing financial catastrophe following a week-long cyberattack on Change Healthcare. The ransomware attack has even left some smaller providers running short on cash, Reuters...

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White House Tells DOJ to Beef up Data Protections
White House Tells DOJ to Beef up Data Protections
February 28, 2024  |  Cybersecurity

The White House wants the Department of Justice to do more to protect America’s sensitive data. In an executive order issued Wednesday (Feb. 28), President...

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Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
February 28, 2024  |  Legal

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for...

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US Money Laundering Fight May Soon Turn Corner
US Money Laundering Fight May Soon Turn Corner
February 28, 2024  |  Security & Fraud

Is the tide turning in America’s war on money laundering? Writing in the Financial Times Tuesday (Feb. 27), Casey Michel of the Human Rights Foundation...

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Entersekt CPO Says Fighting Fraud Should Be Treated Like ‘Team Sport’
Entersekt CPO Says Fighting Fraud Should Be Treated Like ‘Team Sport’
February 28, 2024  |  Fraud Prevention

The launch of the FedNow® Service last year has transformed the instant payments landscape, unlocking real-time settlement capabilities 24/7/365. But according to Pradheep Sampath, chief...

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Continuous Verification and AI Can Drive Digital Banking Engagement
Continuous Verification and AI Can Drive Digital Banking Engagement
February 28, 2024  |  Authentication

As the payments landscape continues to advance and evolve, the central tenet of authentication remains the same. Let the right users in and keep the...

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8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
February 27, 2024  |  Fraud Prevention

In an effort to counter false declines and prevent unnecessary losses, PYMNTS Intelligence research finds, the vast majority of merchants are encouraging consumers to reattempt...

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AU10TIX Adds KYB to Identity Verification Offerings
AU10TIX Adds KYB to Identity Verification Offerings
February 27, 2024  |  Identity

Israeli identity verification firm AU10TIX has launched a know-your-business (KYB) solution. “Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the...

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