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.

Fraud Costs Financial Institutions More Than Money
Fraud Costs Financial Institutions More Than Money
November 06, 2026  |  Fraud Prevention

A card issuer can give an artificial intelligence shopping assistant permission to buy a customer’s groceries without giving it a card number it could use...

READ MORE >
DOJ Launches Super Intelligence Task Force to Combat AI Fraud and Hacks
DOJ Launches Super Intelligence Task Force to Combat AI Fraud and Hacks
November 05, 2026  |  Fraud Prevention

The Department of Justice formed a task force dedicated to protecting taxpayers in the United States, critical infrastructure and national security from fraudsters who use...

READ MORE >
Binance Heist Raises Concerns Among Banking Regulators
Binance Heist Raises Concerns Among Banking Regulators
November 05, 2026  |  Bank Regulation

Last week’s record hack of cryptocurrency exchange Binance prompted regulators in the United States to check in with the country’s banks, Reuters reported Thursday (Nov....

READ MORE >
Klarna Targets Scam Calls With New Verification Tool
Klarna Targets Scam Calls With New Verification Tool
November 05, 2026  |  Fraud Prevention

Pay later and digital finance firm Klarna made its anti-scam call tool, Call Status Detection, live worldwide, according to a Thursday (Nov. 5) press release....

READ MORE >
The CFO’s Guide to LLMjacking: When Stolen AI Becomes a 7-Figure Cloud Bill
The CFO’s Guide to LLMjacking: When Stolen AI Becomes a 7-Figure Cloud Bill
November 04, 2026  |  Artificial Intelligence

There’s a new flavor of AP fraud in town, and it’s all about AI. Cybercriminals have found a way to monetize stolen corporate artificial intelligence...

READ MORE >
Verifone Turns to Visa’s Featurespace to Combat Fraud
Verifone Turns to Visa’s Featurespace to Combat Fraud
November 04, 2026  |  Fraud Prevention

Payments and commerce technology company Verifone has added Visa’s Featurespace to its anti-fraud framework. The Featurespace platform and its adaptive machine learning models are now...

READ MORE >
Banks Move Payment Modernization From Separate Rails to Shared Hubs
Banks Move Payment Modernization From Separate Rails to Shared Hubs
November 04, 2026  |  Banking

Watch more: PYMNTS On Air A commercial customer asked its bank for a direct connection to instant payments and encountered an 18-month wait. The bank...

READ MORE >
Why B2B Payments Need Proof Beyond the Invoice
Why B2B Payments Need Proof Beyond the Invoice
November 04, 2026  |  B2B Payments

Watch more: Need to Know With Bottomline’s Katie Elliott A familiar email conversation can give a fraudulent payment request all the credibility it needs. A...

READ MORE >
Crypto Lobbies for Looser Rules as Stolen Billions Disappear
Crypto Lobbies for Looser Rules as Stolen Billions Disappear
November 03, 2026  |  Cryptocurrency

The scales of cryptocurrency’s existential crisis regarding traditional finance and decentralized finance were always going to be tipped by crime. They’ve gotten a nearly $7...

READ MORE >