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.

Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
Fidelity Investments Restricts Cash Management Accounts to Shut Down Fraud
September 27, 2024  |  Security & Fraud

Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash...

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The Week in AI: Chatbots Fuel Cybercrime; Google, Meta and OpenAI Announce Upgrades
The Week in AI: Chatbots Fuel Cybercrime; Google, Meta and OpenAI Announce Upgrades
September 27, 2024  |  Artificial Intelligence

Artificial intelligence is reshaping industries, from cybercriminals exploiting chatbots to Google supercharging Gemini for business breakthroughs. Get the Full Story Complete the form to unlock...

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Visa Buys Featurespace to Add AI-Based Real-Time Fraud Defense
Visa Buys Featurespace to Add AI-Based Real-Time Fraud Defense
September 26, 2024  |  Acquisitions

Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. Get the Full Story Complete the form to unlock this article and enjoy...

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Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
September 25, 2024  |  Blockchain

Cryptocurrency’s wild ride isn’t over yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
September 25, 2024  |  artificial intelligence

The Federal Trade Commission (FTC) announced five law enforcement actions that it said are part of a crackdown on deceptive artificial intelligence (AI) claims and...

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SEC Charges Skael Founder With Inflating Automation Startup’s Revenue
SEC Charges Skael Founder With Inflating Automation Startup’s Revenue
September 25, 2024  |  Security & Fraud

The co-founder of business automation startup Skael has been accused of illegally inflating its revenues. Get the Full Story Complete the form to unlock this...

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Meta, Klarna and Spotify Join Call for EU Regulations for AI
Meta, Klarna and Spotify Join Call for EU Regulations for AI
September 25, 2024  |  Artificial Intelligence

As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance...

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MoneyGram Works to Restore Systems After ‘Cybersecurity Issue’
MoneyGram Works to Restore Systems After ‘Cybersecurity Issue’
September 24, 2024  |  Cybersecurity

MoneyGram said Tuesday (Sept. 24) that it is working “around the clock” to bring its systems back online and resume normal business operations after finding...

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Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
September 24, 2024  |  Legal

Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the...

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