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.

62% of FIs Grapple With a Rise in Fraudulent Transactions

62% of FIs Grapple With a Rise in Fraudulent Transactions
62% of FIs Grapple With a Rise in Fraudulent Transactions
August 18, 2023  |  Cybersecurity

As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. Get the Full Story Complete the form...

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Crypto Wallet Connected to Heist Has Collateral Liquidated
Crypto Wallet Connected to Heist Has Collateral Liquidated
August 18, 2023  |  Cryptocurrency

A cryptocurrency wallet connected to a heist of nearly $600 million worth of Binance Coin (BNB) in October reportedly had digital asset collateral totaling $63...

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Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023  |  Cybersecurity

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. Get the Full Story Complete the form to unlock this...

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Mastercard Teams With Riskified to Reduce eCommerce Fraud
Mastercard Teams With Riskified to Reduce eCommerce Fraud
August 17, 2023  |  Cybersecurity

Riskified and Mastercard have teamed to help businesses increase eCommerce revenues while reducing fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
August 17, 2023  |  Cybersecurity

Check fraud is running rampant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Discord.io Shuts Down After Mass Data Breach
Discord.io Shuts Down After Mass Data Breach
August 16, 2023  |  Cybersecurity

A massive data breach has shuttered  Discord.io, an online messaging platform used by Discord members. Get the Full Story Complete the form to unlock this...

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Only One-Third of Firms Use Critical AP/AR Automation Tools
Only One-Third of Firms Use Critical AP/AR Automation Tools
August 16, 2023  |  Accounts Payable

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
August 15, 2023  |  Legal & Regulation

Facing consequences is something relatively new for alleged cryptocurrency criminal Sam Bankman-Fried. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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