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.

Pepperoni Payments Peril: Massive Payment Swindle Used Mobile Pizza
Pepperoni Payments Peril: Massive Payment Swindle Used Mobile Pizza
December 08, 2014  |  Mobile

It’s long been common practice for cyberthieves to test stolen cards online, often with a tiny charge on a charity site, to quickly determine which...

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Senate Committee To Focus On Prepaid-Card Scams
Senate Committee To Focus On Prepaid-Card Scams
November 20, 2014  |  News

A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less...

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How Home Depot Got Hacked
How Home Depot Got Hacked
November 07, 2014  |  News

Home Depot on Thursday (Nov. 6) reported that, in addition to the data for 56 million payment cards that was stolen, thieves also grabbed 53...

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Banks Struggle To Overcome Mobile Deposit Fraud
Banks Struggle To Overcome Mobile Deposit Fraud
November 06, 2014  |  Mobile

As deposit-by-smartphone becomes more popular, banks and imaging vendors are looking for new ways to block a new type of fraud: customers cashing a check...

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Cyberthieves Target Rewards Points
Cyberthieves Target Rewards Points
November 03, 2014  |  News

Payments professionals invest a lot of time and money protect payment card data and shopper PII specifics, but thieves are now zeroing in on an...

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Credit Unions, Retail Groups Finger-Pointing On Payment Security
Credit Unions, Retail Groups Finger-Pointing On Payment Security
October 31, 2014  |  News

A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the...

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How One Thief Used 12 Credit Cards To Make One Purchase
How One Thief Used 12 Credit Cards To Make One Purchase
October 31, 2014  |  News

In the fight against payment card fraud, law enforcement has always argued that retail must work together with police. But one top police official this...

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Feds Figure Out Who Did Not Attack Chase
Feds Figure Out Who Did Not Attack Chase
October 21, 2014  |  News

At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of playing any role...

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