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.

East-West Commerce Gets Biometrics Boost and Automated Compliance

East-West Commerce Gets Biometrics Boost and Automated Compliance
East-West Commerce Gets Biometrics Boost and Automated Compliance
November 02, 2022  |  Cross-border Payments

The promise of cross-border commerce is always the opportunity to tap into new markets. Get the Full Story Complete the form to unlock this article...

READ MORE >
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. Get...

READ MORE >
Automating Digital Identity Boosts Business Satisfaction With Fraud Tools
Automating Digital Identity Boosts Business Satisfaction With Fraud Tools
November 01, 2022  |  B2B Payments

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

READ MORE >
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
October 28, 2022  |  Bank Regulation

Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial...

READ MORE >
Indian Minister Reports Rising Use of Crypto in Drug Smuggling
Indian Minister Reports Rising Use of Crypto in Drug Smuggling
October 27, 2022  |  Cryptocurrency

Those responsible for drug smuggling and terrorism in India are increasingly making use of the darknet and cryptocurrencies, Indian Home Minister Amit Shah reportedly said....

READ MORE >
Hacktober’s $718M Losses Are an Existential Threat to DeFi
Hacktober’s $718M Losses Are an Existential Threat to DeFi
October 26, 2022  |  Cryptocurrency

October hasn’t been kind to crypto, with $730 million lost to 18 hacks this month alone, driving the 2022 total loss to $3 billion. Get...

READ MORE >
FTC Takes Action Against Drizly, CEO Following 2020 Data Breach
FTC Takes Action Against Drizly, CEO Following 2020 Data Breach
October 24, 2022  |  Regulation

The Federal Trade Commission (FTC) is taking action against both online alcohol marketplace Drizly and its CEO, James Cory Rellas, pointing to allegations that they...

READ MORE >
Korean Regulators to Probe Stablecoin, Money Laundering Link
Korean Regulators to Probe Stablecoin, Money Laundering Link
October 24, 2022  |  AML

In a bid to stop money launderers, South Korea’s Financial Services Commission (FSC) is planning a probe into the amount of stablecoins being used on...

READ MORE >
Report: Binance Nears Identification of Those Behind Oct. 6 Hack
Report: Binance Nears Identification of Those Behind Oct. 6 Hack
October 24, 2022  |  Security & Fraud

With help from law enforcement and using its own resources, cryptocurrency exchange Binance is reportedly closing in on identifying the person or people behind an...

READ MORE >