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.

Uber Points to Lapsus$ Gang as Reason for Breach

Uber Points to Lapsus$ Gang as Reason for Breach
Uber Points to Lapsus$ Gang as Reason for Breach
September 20, 2022  |  Cybersecurity

The extortion gang Lapsus$ is being blamed by Uber as being responsible for the breach that infiltrated its internal network last week, including its technology...

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Fear, Skepticism Drive Weird Relationship With New Tech
Fear, Skepticism Drive Weird Relationship With New Tech
September 16, 2022  |  Payments Innovation

While panning PYMNTS’ weekly stream of research and surveys, an unexpected thread of mistrust, misperception and misuse emerged, involving both consumers and businesses, that wove...

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Cyberattacks on Healthcare Payment Processors Escalating
Cyberattacks on Healthcare Payment Processors Escalating
September 15, 2022  |  Cybersecurity

Cyberattacks on healthcare payment processors are escalating, with multiple reports of victims’ payments being redirected by thieves using employees’ publicly-available Personally Identifiable Information (PII) and...

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Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
Companies Lean on Biometrics, Machine Learning to Stay ‘One Step Ahead’ of Fraudsters
September 14, 2022  |  Biometrics

Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which...

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Chainalysis Aids US in Recovering $30M in Stolen Crypto
Chainalysis Aids US in Recovering $30M in Stolen Crypto
September 08, 2022  |  Cryptocurrency

The U.S. has seized more than $30 million in crypto that North Korean-linked hackers allegedly stole, a blog post from crypto intelligence firm Chainalysis said,...

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Scammers Use ‘Age-Old Hacking’ to Rob Crypto Users
Scammers Use ‘Age-Old Hacking’ to Rob Crypto Users
September 08, 2022  |  Cryptocurrency

Scammers have begun using fake cryptocurrency websites to steal funds from users, part of a wave of hacks involving the crypto industry. Get the Full...

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Standard Chartered Tests Duplicate Finance Detection Tool
Standard Chartered Tests Duplicate Finance Detection Tool
September 08, 2022  |  B2B Payments

Financial services company Standard Chartered has completed what it called an industry-first test of the trade financing validation service from MonetaGo over the SWIFT payments...

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PYMNTS Intelligence: Keeping Consumers Safe in Web 3.0
PYMNTS Intelligence: Keeping Consumers Safe in Web 3.0
September 07, 2022  |  Fraud Prevention

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Paper Checks Pose Major Risk to Corporate Coffers
Paper Checks Pose Major Risk to Corporate Coffers
September 06, 2022  |  B2B Payments

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