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.

BNY Mellon on Moving to the Metaverse Safely

BNY Mellon on Moving to the Metaverse Safely
BNY Mellon on Moving to the Metaverse Safely
September 06, 2022  |  Fraud Prevention

The metaverse and Web 3.0 hold great potential for merchants and consumers, but security measures need to be updated constantly. In the “Digital Fraud Tracker®,”...

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PYMNTS Intelligence: Managing the Costs and Challenges of Regulatory Compliance
PYMNTS Intelligence: Managing the Costs and Challenges of Regulatory Compliance
September 06, 2022  |  Consumer 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....

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B2B Payments Need to Be Faster, Low-Fee and Fraud-Free
B2B Payments Need to Be Faster, Low-Fee and Fraud-Free
September 06, 2022  |  B2B Payments

Although payments systems have been around for centuries, building a reliable, modern and scalable system is rife with challenges, Shruthi Murthy, head of engineering at...

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Cybersecurity Breach at Samsung Exposes US Customer Personal Info
Cybersecurity Breach at Samsung Exposes US Customer Personal Info
September 05, 2022  |  Security & Fraud

Samsung was the victim of a cybersecurity breach in late July, which saw United States customers’ personal information exposed. Get the Full Story Complete the...

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Report: UK Already Suspects $1.3B ‘Bounce-Back’ Loans Fraudulent
Report: UK Already Suspects $1.3B ‘Bounce-Back’ Loans Fraudulent
September 02, 2022  |  Security & Fraud

The British government reportedly expects that 3.3 billion pounds (about $3.8 billion) of the “bounce-back” loans it made to small- to medium-sized businesses (SMBs) in...

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African FinTech EFT Corporation Fights Fraud With ACI Worldwide Partnership
African FinTech EFT Corporation Fights Fraud With ACI Worldwide Partnership
August 31, 2022  |  Fraud Prevention

End-to-end payment solutions provider EFT Corporation is instituting new fraud protection measures across Africa through a partnership with real-time payments firm ACI Worldwide. Get the Full Story...

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US Rep to Regulators, Crypto Firm: How Do You Deal With Fraud?
US Rep to Regulators, Crypto Firm: How Do You Deal With Fraud?
August 30, 2022  |  Cryptocurrency

The head of the House Subcommittee on Economic and Consumer Policy has written to numerous federal agencies and cryptocurrency exchanges seeking answers on the steps...

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Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
Walmart Says FTC Lawsuit Over Money Transfers Is ‘Overreach’
August 29, 2022  |  Legal

Walmart on Monday (Aug. 29) asked a federal court to dismiss a Federal Trade Commission lawsuit against the retailer, calling the case “an egregious instance...

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FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
FTC Warns Public About Student Loan Forgiveness, Payment Pause Scams
August 26, 2022  |  Security & Fraud

The federal government’s plan to forgive some student loans isn’t up and running yet, but it’s certainly been getting a lot of coverage in the...

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