As the world enters the third year of battling COVID-19, lawmakers said regulators must do more to stop price gouging and scams targeting the public seeking protection against the coronavirus, UPI reported. Get the Full Story Complete the form to unlock this article and enjoy...
There are promises made in commerce — unspoken promises that are too often broken, inadvertently, in the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Get the Full Story Complete the form to unlock this article and...
The amount cryptocurrency stolen, scammed and blackmailed nearly doubled in 2021. So, it stands to reason that money laundering would be up as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Most people think their relatively paltry sum of money isn’t enough to make them the target of fraud, especially when there are so many other bigger and more obvious targets out there. And that attitude is music to the ears of hackers, who are increasingly...
Three years ago, the digital wallet of a west Delhi, India, cryptocurrency investor was hacked, and more than a half million dollars in bitcoin, ether and Bitcoin Cash was taken. Delhi police revealed Monday (Jan. 24) that the stolen funds made their way to Hamas....
Financial crime — you can call it economic crime, too — is, of course, everywhere. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The U.S. Federal Trade Commission (FTC) is staying the course with its fraud investigation into Intuit’s TurboTax even though the Supreme Court reeled in the agency’s powers to hand down penalties in consumer fraud cases, The Information reported, citing unnamed sources with insider information. Get...
In 2022, when it comes to phishing, application and payments fraud — and all the scams that aim to part us from our money — expect more of what we’ve seen over the last two years of the pandemic, Robin Love, vice president, product management...
