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.

12% of Consumers Reported Payment Declines in June

12% of Consumers Reported Payment Declines in June
12% of Consumers Reported Payment Declines in June
July 29, 2022  |  Digital Payments

About 1 in 10 consumers experienced fraud or had their payments declined in the last month, according to “Digital Economy Payments,” a PYMNTS report based...

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Ransomware Fraudsters Pivot as Payments Shrink 
Ransomware Fraudsters Pivot as Payments Shrink 
July 29, 2022  |  Security & Fraud

Cybercriminals engaged in ransomware-as-a-service (RaaS) have been forced to pivot in how they run their fraudulent operations, as fewer victims coughed up payments this year...

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Hackers Force a $4B Question: Can DeFi Ever Be Safe?
Hackers Force a $4B Question: Can DeFi Ever Be Safe?
July 28, 2022  |  Cryptocurrency

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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South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
South Korea’s Crypto ‘Kimchi Premium’ Suspected in $3.4B FX Investigation
July 28, 2022  |  Cryptocurrency

When people talk about illicit Korean cryptocurrency transactions, people tend to think of North Korean hackers stealing billions in bitcoin to fund the country’s nuclear...

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Financial Firms Increasingly Victimized by ‘Cryptojacking’ Attacks
Financial Firms Increasingly Victimized by ‘Cryptojacking’ Attacks
July 26, 2022  |  Security & Fraud

Financial firms — including banks and trading houses — are becoming increasingly victimized in attacks where hackers aim to use their computer systems to mine...

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Report: South Africa’s Biggest Banks at Risk for Money Laundering
Report: South Africa’s Biggest Banks at Risk for Money Laundering
July 26, 2022  |  Banking

The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity....

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CellPoint, Chargebacks911 Team to Optimize Merchant Payments
CellPoint, Chargebacks911 Team to Optimize Merchant Payments
July 25, 2022  |  Partnerships

Global payments orchestration platform CellPoint Digital has teamed up with Chargebacks911 to streamline chargeback prevention, management and resolution for clients. Get the Full Story Complete...

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EMEA Daily: CPG Brands Lose Sales as EU Consumers Turn to Store Brands; Banks Share Info to Fight Fraud
EMEA Daily: CPG Brands Lose Sales as EU Consumers Turn to Store Brands; Banks Share...
July 25, 2022  |  emea

In today’s top news from Europe, the Middle East and Africa (EMEA), financial institutions (FIs) in several countries have begun to launch information-sharing platforms in...

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Banks Pilot Information-Sharing Projects to Reduce Fraud
Banks Pilot Information-Sharing Projects to Reduce Fraud
July 25, 2022  |  Cybersecurity

Financial institutions (FIs) in several countries have begun to launch information-sharing platforms in an effort to better spot fraud and money laundering. Get the Full...

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