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.

Riskified and Deloitte Partner to Offer Anti-Fraud Insights
Riskified and Deloitte Partner to Offer Anti-Fraud Insights
April 13, 2023  |  Fraud Prevention

Riskified has teamed with Deloitte to give eCommerce merchants better insight into their anti-fraud measures. The partnership between Riskified and consulting/auditing firm Deloitte is designed...

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75% of Consumers Who Use Online Bank Transfers Worry About Fraud
75% of Consumers Who Use Online Bank Transfers Worry About Fraud
April 13, 2023  |  Payment Methods

As online bank transfers grow in popularity, consumer understanding of the service has a growth curve of its own, and security is among the key...

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FTX Plans Relaunch After Stabilizing ‘Dumpster Fire’
FTX Plans Relaunch After Stabilizing ‘Dumpster Fire’
April 13, 2023  |  Cryptocurrency

Bankrupt cryptocurrency exchange FTX is reportedly considering relaunching after recovering $7.3 billion in assets. Company attorneys say the exchange has begun to look to the...

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AI Helps Banks and Merchants Fill Digital Payments Risk Management Gap
AI Helps Banks and Merchants Fill Digital Payments Risk Management Gap
April 13, 2023  |  Artificial Intelligence

Digital commerce has a data problem. Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that “data droughts” exist between issuers, payment service providers...

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B2B App Platform Relish Adds GIACT to Authenticate Bank Information
B2B App Platform Relish Adds GIACT to Authenticate Bank Information
April 12, 2023  |  Authentication

B2B app platform Relish has added GIACT solutions to validate and authenticate bank information. With this partnership, Relish will enhance the supplier data onboarding and...

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Former Investment Banker Charged in Connection With Alleged Crypto Fraud
Former Investment Banker Charged in Connection With Alleged Crypto Fraud
April 11, 2023  |  Security & Fraud

A former investment banker has been arrested and charged with wire fraud in connection with an alleged cryptocurrency fraud. Rashawn Russell, who was a Financial...

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Merchants Target Products, Not People, With in-Store Security Measures
Merchants Target Products, Not People, With in-Store Security Measures
April 11, 2023  |  Security & Fraud

Tracking items instead of people is gaining steam with some retailers, but the strategy may not work for most products. As reported by The Wall...

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New FTX Report Highlights Importance of Treasury Management
New FTX Report Highlights Importance of Treasury Management
April 10, 2023  |  Spend Management

The first interim report by the FTX Debtors published Sunday (April 9) takes harsh aim at the FTX Group’s profound lack of appropriate documentation and...

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Treasury Department Says DeFi Services Must Improve AML/CFT Controls
Treasury Department Says DeFi Services Must Improve AML/CFT Controls
April 06, 2023  |  Security & Fraud

Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can...

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