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.
Report: Target Adds Camera-Based Theft-Deterrent Tech to Self-Checkout Registers
Report: Target Adds Camera-Based Theft-Deterrent Tech to Self-Checkout Registers
April 08, 2024  |  Retail

Target is reportedly adding camera-based systems to its self-checkout registers to deter theft. The new technology detects items on scanners, alerts the shopper if an item...

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3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
April 08, 2024  |  Security & Fraud

Dewald Nolte, chief strategy officer at Entersekt, said 3-D Secure (3DS), the security protocol that was refreshed seven years ago, is an essential tool in fighting...

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Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
April 05, 2024  |  Cryptocurrency

A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier...

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Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

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Visa and Skipify Link ‘Click to Pay’ and Digital Wallet
Visa and Skipify Link ‘Click to Pay’ and Digital Wallet
April 04, 2024  |  Partnerships

Visa and Skipify partnered to streamline consumers’ checkout experience with Skipify’s next-generation digital wallet. The collaboration will enable Skipify customers in a growing number of global markets to...

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FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
April 04, 2024  |  Banking

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And...

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CFPB Monitoring Video Games, Virtual Worlds for Consumer Protection Compliance
CFPB Monitoring Video Games, Virtual Worlds for Consumer Protection Compliance
April 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring video games and virtual worlds to ensure their compliance with federal consumer financial protection laws. This monitoring...

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US: Microsoft Deprioritized Enterprise Cybersecurity, Culture Needs an Overhaul
US: Microsoft Deprioritized Enterprise Cybersecurity, Culture Needs an Overhaul
April 04, 2024  |  Cybersecurity

Digital transformation is no longer just a business strategy — it’s an operating model that nearly the entire global business world is running on. And...

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Amazon Merchants Battle Wave of Bogus Returns
Amazon Merchants Battle Wave of Bogus Returns
April 04, 2024  |  Amazon

The battle against the $101 billion returns fraud problem has reportedly taken a new turn. It involves sellers on Amazon sending off their wares, only to get “returns” that...

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