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.

Retailers Battle $101 Billion Returns Fraud Plague
Retailers Battle $101 Billion Returns Fraud Plague
March 14, 2024  |  Fraud Attack

How common has refund fraud — or returns fraud — become? Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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UnitedHealth Group Reports Critical Services Restored After Cyberattack
UnitedHealth Group Reports Critical Services Restored After Cyberattack
March 14, 2024  |  Security & Fraud

UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on...

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State of the Payment Scam: Banks Battling APP Fraud
State of the Payment Scam: Banks Battling APP Fraud
March 13, 2024  |  Security & Fraud

The world’s cybercriminals all share one thing in common: they understand people can be exploited. Get the Full Story Complete the form to unlock this...

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FTC Refunds $4.1 Million to Student Loan Scam Victims
FTC Refunds $4.1 Million to Student Loan Scam Victims
March 13, 2024  |  Security & Fraud

The FTC is sending millions in refunds to victims of a student fraud scheme. Get the Full Story Complete the form to unlock this article and enjoy...

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Report: White House Urges UnitedHealth to Accelerate Payments to Providers
Report: White House Urges UnitedHealth to Accelerate Payments to Providers
March 12, 2024  |  Healthcare

White House officials reportedly met with UnitedHealth Group CEO Andrew Witty and other health insurers to urge them to accelerate their payments to healthcare providers. Get the Full Story...

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UK Wants to Turn Faster Payments Into Four-Day Payments
UK Wants to Turn Faster Payments Into Four-Day Payments
March 12, 2024  |  Fraud Prevention

When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting...

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UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
March 12, 2024  |  Fraud Prevention

The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to...

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APIs and Points of Vulnerability Spotlight BaaS Risks as Platforms Evolve 
APIs and Points of Vulnerability Spotlight BaaS Risks as Platforms Evolve 
March 11, 2024  |  Banking

If there’s a surety in financial services, it’s that hackers and bad actors probe ecosystems and platforms for points of vulnerability, looking for weak links...

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eCommerce Merchants Fail to Connect Failed Payments and Fraud
eCommerce Merchants Fail to Connect Failed Payments and Fraud
March 08, 2024  |  Fraud Prevention

Despite the many fraudsters on the prowl seeking to exploit any vulnerabilities they can find in the payments ecosystem, only about one-third of eCommerce merchants...

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