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.

UK Regulator Says Banks Should Reimburse Victims of APP Scams

UK Regulator Says Banks Should Reimburse Victims of APP Scams
UK Regulator Says Banks Should Reimburse Victims of APP Scams
September 29, 2022  |  Bank Regulation

Banks in the U.K. will have to make good on the money their customers lose from the biggest type of payment fraud in Britain under...

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Want to Stop Crypto Hacks? Make Them Reversible
Want to Stop Crypto Hacks? Make Them Reversible
September 29, 2022  |  Cryptocurrency

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The Real-World Tech That Smooths Payments in the Metaverse
The Real-World Tech That Smooths Payments in the Metaverse
September 28, 2022  |  eCommerce

The new eCommerce landscape is complex and ever evolving: Businesses seeking to provide their customers with new virtual spaces like gaming environments have to adapt...

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Best Line of Payments Fraud Defense: A Harder Target
Best Line of Payments Fraud Defense: A Harder Target
September 28, 2022  |  Security & Fraud

No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging...

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Congress Drills Bank Brass on Authorized Push Payments Fraud
Congress Drills Bank Brass on Authorized Push Payments Fraud
September 23, 2022  |  Bank Regulation

The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance,...

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Watchdog: Crooks Likely Jacked $45B From Pandemic Unemployment 
Watchdog: Crooks Likely Jacked $45B From Pandemic Unemployment 
September 23, 2022  |  Security & Fraud

Crooks likely used the Social Security numbers of dead people and prisoners plus filed claims in multiple states to steal more than $45 billion from...

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Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
September 22, 2022  |  AML

A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story...

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DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022  |  Security & Fraud

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As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022  |  Faster Payments

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Get the...

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