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.

Wirecard Ex-Boss Markus Braun Charged with Fraud by German Prosecutors
Wirecard Ex-Boss Markus Braun Charged with Fraud by German Prosecutors
March 14, 2022  |  Security & Fraud

In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust...

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New UK Provision to Hold Big Tech Responsible for Paid Ads From Fraudsters
New UK Provision to Hold Big Tech Responsible for Paid Ads From Fraudsters
March 10, 2022  |  Security & Fraud

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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UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
March 10, 2022  |  International

The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new...

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As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
As BNPL Takes Off, Fraudsters Step Up ‘Collusion Fraud’
March 10, 2022  |  Buy Now Pay Later

Any new payments vector, where hockey stick growth is apparent — up and to the right, of course — grabs the attention of fraudsters. Get...

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ACI Worldwide Launches Fraud Scoring for Financial Institutions
ACI Worldwide Launches Fraud Scoring for Financial Institutions
March 09, 2022  |  Fraud Prevention

Global real-time payments software firm ACI Worldwide is introducing a fraud scoring platform powered by machine learning to deliver real-time security and fraud prevention to...

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Biden’s Executive Order Set to Fast-Track Crypto Policy
Biden’s Executive Order Set to Fast-Track Crypto Policy
March 09, 2022  |  Cryptocurrency

Saying the “rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier,” President Joe...

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SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
March 08, 2022  |  Cryptocurrency

The Securities and Exchange Commission said a brother-and-sister duo defrauded thousands of investors out of more than $124 million via two unregistered, fraudulent offerings of...

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Payment Card Verification Remains Leader Among Anti-Fraud Measures
Payment Card Verification Remains Leader Among Anti-Fraud Measures
March 07, 2022  |  Authentication

One of the most important parts of doing business with a new customer is verifying that that customer is who he or she claims to...

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P2P Fraud Battle Demands High-Tech Collaboration Between Banks and Customers
P2P Fraud Battle Demands High-Tech Collaboration Between Banks and Customers
March 07, 2022  |  Security & Fraud

That old Watergate adage to follow the money becomes well-nigh impossible in the digital age. Get the Full Story Complete the form to unlock this...

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