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.

Utility Scams Using Mobile Payment Apps Rise 150% From January ’21
Utility Scams Using Mobile Payment Apps Rise 150% From January ’21
February 24, 2022  |  Security & Fraud

Scams targeting users of mobile payment apps such as Cash App, QuickPay, Venmo and Zelle are surging, the Better Business Bureau and Illinois utility Commonwealth...

READ MORE >
One-Size-Fits-All Solutions Fail to Keep Pace With Rising Payments Fraud
One-Size-Fits-All Solutions Fail to Keep Pace With Rising Payments Fraud
February 24, 2022  |  Fraud Prevention

Cybercrime is nothing if not varied. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

READ MORE >
61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
February 22, 2022  |  B2B Payments

Low visibility into payments journeys has left accounts payable (AP) departments vulnerable to cyberattacks. Throughout the pandemic, businesses’ remote workspaces have been plagued by fraud...

READ MORE >
FTC: Consumer Fraud Jumped 70% in 2021
FTC: Consumer Fraud Jumped 70% in 2021
February 22, 2022  |  Fraud Attack

Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% jump from the year before, the Federal Trade Commission (FTC) said Tuesday...

READ MORE >
Report: Extensive Credit Suisse Leak Shows Alleged Criminal Ties
Report: Extensive Credit Suisse Leak Shows Alleged Criminal Ties
February 21, 2022  |  Bank Regulation

Credit Suisse has been scrambling to cut down on fallout after newspapers reported on over 18,000 leaked accounts connected to criminals, reported human rights abusers...

READ MORE >
Machine Learning Helps Financial Institutions Balance Risk, Innovation
Machine Learning Helps Financial Institutions Balance Risk, Innovation
February 21, 2022  |  Fraud Prevention

Five years ago, digital transformation in banking was focused on a product or a certain business line, but more recently, innovation has become an imperative....

READ MORE >
PYMNTS Crypto Basics Series: How to Lose Your Crypto Without Being Hacked
PYMNTS Crypto Basics Series: How to Lose Your Crypto Without Being Hacked
February 21, 2022  |  Cryptocurrency

Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of since the industry exploded into the mainstream public consciousness in 2021....

READ MORE >
Fake Businesses Emerge as New Front in War on ID Fraud
Fake Businesses Emerge as New Front in War on ID Fraud
February 21, 2022  |  Security & Fraud

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners...

READ MORE >
China Warns About Frauds in the Metaverse
China Warns About Frauds in the Metaverse
February 20, 2022  |  Metaverse

The Chinese government has issued a notice against various frauds associated with the metaverse, Coinspeaker reported Friday (Feb. 18). Get the Full Story Complete the...

READ MORE >