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.

Prove Identity Steps up Fight Against Authorized Push Payment Fraud in UK
Prove Identity Steps up Fight Against Authorized Push Payment Fraud in UK
June 07, 2022  |  Fraud Prevention

Digital identification firm Prove Identity is partnering with financial firms and mobile carriers in the U.K. and using its Trust Score to step up the...

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4 Ways Businesses Can Better Handle Fraud Risk
4 Ways Businesses Can Better Handle Fraud Risk
June 06, 2022  |  Security & Fraud

At this point, it’s not a matter of if a business will be victimized by fraud; it’s a matter of when. That air of inevitability,...

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The Data Point: 47% of Firms Say Growth Is Being Slowed Due to Fraud Fears
The Data Point: 47% of Firms Say Growth Is Being Slowed Due to Fraud Fears
June 06, 2022  |  Fraud Prevention

More business is going into digital channels and will continue to, and that fact is driving historic spikes in online fraud that are holding businesses...

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PYMNTS AM Radar: Ant Banks on Singapore; Healthcare Convenience; Stunted by Fraud; ICYMI
PYMNTS AM Radar: Ant Banks on Singapore; Healthcare Convenience; Stunted by Fraud; ICYMI
June 06, 2022  |  News

Today is Monday, June 6 and Tesla is slashing 20% of its workforce while Elon Musk’s deal to buy Twitter hangs in limbo after scaling...

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FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
June 05, 2022  |  Security & Fraud

Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release...

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Today in Data: Banking Customers Pick Security Over Convenience
Today in Data: Banking Customers Pick Security Over Convenience
June 03, 2022  |  Today In Data

Today in data, a majority of digital banking customers in the U.S. say they value security more than convenience. Get the Full Story Complete the...

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Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
June 03, 2022  |  Security & Fraud

Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition...

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Incognia Grabs $15.5M to Increase Its ID Fraud-Fighting Efforts
Incognia Grabs $15.5M to Increase Its ID Fraud-Fighting Efforts
June 02, 2022  |  Investments

Mobile identity platform Incognia on Thursday (June 2) finalized a $15.5 million Series A fundraising round that it plans to use for continued growth of...

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Today in Retail: GameStop Increases Its Digital Focus; Fighting Back Against the Rise of Friendly Fraud
Today in Retail: GameStop Increases Its Digital Focus; Fighting Back Against the Rise of Friendly...
June 02, 2022  |  Retail

Today in retail, Walmart’s eCommerce head refers to its 4,700 stores as “shoppable fulfillment centers.” Plus, online sneaker startup KicksCrew is expanding its reach, Walmart...

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