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.

What a $13 Million DOJ Case Reveals About B2B’s KYB Problem

What a $13 Million DOJ Case Reveals About B2B’s KYB Problem
What a $13 Million DOJ Case Reveals About B2B’s KYB Problem
September 11, 2026  |  B2B Payments

The next frontier of know your business (KYB) may have surprisingly little to do with knowing whether a business exists. Instead, the governance and operational...

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49% of Firms Use Bank Account Data to Flag Fraud
49% of Firms Use Bank Account Data to Flag Fraud
September 11, 2026  |  Fraud Prevention

Businesses may be able to strengthen their fraud defenses by putting the bank connections they already have to fuller use. Get the Full Story Complete...

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DOJ’s New Fraud Division Puts Data at Center of Corporate Enforcement
DOJ’s New Fraud Division Puts Data at Center of Corporate Enforcement
September 10, 2026  |  Legal & Regulation

The Justice Department’s new National Fraud Enforcement Division is preparing to use vast government and commercial datasets to identify suspected fraud before receiving a whistleblower...

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OpenAI’s Hugging Face Hack Triggers Senate Probe
OpenAI’s Hugging Face Hack Triggers Senate Probe
September 10, 2026  |  Artificial Intelligence

Lawmakers in the United States are pushing for new rules to govern artificial intelligence, Reuters reported Thursday (Sept. 10). Get the Full Story Complete the...

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Visa and Mastercard Team With Ant on Know Your Agent Framework
Visa and Mastercard Team With Ant on Know Your Agent Framework
September 10, 2026  |  Cybersecurity

Ant International is working with Visa and Mastercard to develop a know your agent (KYA) interoperability framework, according to a Wednesday (Sept. 9) press release....

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Card Issuers Speed Upgrades as Fraud Threats Grow
Card Issuers Speed Upgrades as Fraud Threats Grow
September 09, 2026  |  Digital Payments

Card platform upgrade calendars are getting shorter. The next major deadline may arrive before issuers finish planning for the last one. Get the Full Story...

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FTC Blocks Humboldt From High-Risk Merchants in $12 Million Settlement
FTC Blocks Humboldt From High-Risk Merchants in $12 Million Settlement
September 08, 2026  |  Legal & Regulation

The Federal Trade Commission reached a settlement with payment processing company Humboldt Merchant Services that will see Humboldt pay $12 million and be permanently banned...

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DOJ Extradites Russian Web Developer in $15 Million Bank Account Takeover Scheme
DOJ Extradites Russian Web Developer in $15 Million Bank Account Takeover Scheme
September 08, 2026  |  Legal & Regulation

A Russian national who was allegedly involved in large-scale bank account takeover activity was arraignedFriday (Sept. 4) in the Northern District of Georgia after being...

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