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.

Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
Businesses Buckle Up as Real-Time Fraud Attempts Spike 92%
May 03, 2023  |  Security & Fraud

Fraud is growing faster, which means organizations’ defenses need to constantly be evolving. Today’s digitized payments landscape has given bad actors an increasingly sophisticated array...

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PYMNTS Intelligence: How Fraud Damages P2P Payment Organizations
PYMNTS Intelligence: How Fraud Damages P2P Payment Organizations
May 02, 2023  |  Digital Payments

Fraud is a constant worry for companies of all types, driven by the sheer variety of different fraud methods that bad actors deploy. Man-in-the-middle attacks,...

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UK APP Fraud Rules Will Keep Faster Payments Safer Long Term, Experts Say
UK APP Fraud Rules Will Keep Faster Payments Safer Long Term, Experts Say
May 02, 2023  |  Security & Fraud

The U.K. has been experiencing a widespread payments fraud epidemic in recent years. And to stem the tide, U.K. regulators are preparing to mandate that...

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An Insider Details the Best Protections Against Push Payment Fraud
An Insider Details the Best Protections Against Push Payment Fraud
May 01, 2023  |  Digital Payments

Faster payments have brought significant benefits for consumers, but they also bring the risk of push payment fraud, something that Lee Kyriacou, vice president of...

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Former Apple Buyer Sentenced to Prison for $17 Million Fraud
Former Apple Buyer Sentenced to Prison for $17 Million Fraud
April 28, 2023  |  Security & Fraud

A former Apple buyer has been sentenced to three years in prison for defrauding the company of $17 million. Dhirendra Prasad of Mountain House, California, who was...

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US Judge Fines Mirror Trading Founder $3.4 Billion in Crypto Fraud Scheme
US Judge Fines Mirror Trading Founder $3.4 Billion in Crypto Fraud Scheme
April 28, 2023  |  Cryptocurrency

The Commodity Futures Trading Commission (CFTC) has resolved its largest fraud case involving bitcoin with a fine for the CEO of a defunct South African...

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As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
As Fraud Rates Rise, Businesses’ Worst Threat May Be in Their Inboxes
April 26, 2023  |  Fraud Prevention

Despite the increasingly sophisticated weapons fraudsters have on hand to execute their scams, business email compromise (BEC) attacks remain one of their most effective ploys. The...

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What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
April 25, 2023  |  Security & Fraud

The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard...

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Frank Founder Charlie Javice’s Attorneys Say US Has Seized Her Assets
Frank Founder Charlie Javice’s Attorneys Say US Has Seized Her Assets
April 24, 2023  |  Security & Fraud

Frank founder Charlie Javice’s attorneys said she can’t hide assets because they’ve been seized. The attorneys said this in a Friday (April 21) court filing...

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