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.

Cybersecurity Company Deep Instinct Gets Backing From PayPal Ventures
Cybersecurity Company Deep Instinct Gets Backing From PayPal Ventures
March 07, 2023  |  Investments

Cybersecurity company Deep Instinct has added PayPal Ventures to its existing investor base. The new funding will help Deep Instinct accelerate the growth of the...

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Retail Bank Customers Trust Security They Can See
Retail Bank Customers Trust Security They Can See
March 07, 2023  |  Security & Fraud

Once upon a time, or at least a few decades back, consumers didn’t have much say in their financial institutions’ fraud-fighting innovations. With only a...

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Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
March 06, 2023  |  B2B Payments

Hackers and fraudsters constantly probe their would-be victims for weaknesses. And when it comes to B2B fraud — where the payoff can be in the...

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FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall 
FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall 
March 06, 2023  |  Legal

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III,...

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Senators Warn Regulators on Zelle Fraud Risks
Senators Warn Regulators on Zelle Fraud Risks
March 03, 2023  |  Bank Regulation

Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit...

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Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
March 03, 2023  |  Fraud Prevention

Fraud is unavoidable, and scams affecting today’s businesses only getting smarter and more sophisticated. With modern advances come corresponding vulnerabilities, and in the challenging macroclimate...

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AI Critical to Making Business Payments Faster and Safer
AI Critical to Making Business Payments Faster and Safer
March 03, 2023  |  B2B Payments

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster,...

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President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
President Biden Proposes $1.6B to Fight Pandemic-Related Fraud
March 02, 2023  |  Security & Fraud

The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. The proposal, announced Thursday (March 2), would prosecute people who committed...

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Bankman-Fried Recommends Tech Experts to Decide Bail
Bankman-Fried Recommends Tech Experts to Decide Bail
March 02, 2023  |  Legal

Will FTX founder Sam Bankman-Fried remain free on bail? A former FBI agent and a digital forensic consultant could help decide the question in the...

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