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.

PYMNTS Crypto Crime Series: With $1B Hacked, Cross-Chain Crypto Payments May Be in Jeopardy
PYMNTS Crypto Crime Series: With $1B Hacked, Cross-Chain Crypto Payments May Be in Jeopardy
February 11, 2022  |  Security & Fraud

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry...

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Ransomware Reaches Beyond Money With More Sinister Goals
Ransomware Reaches Beyond Money With More Sinister Goals
February 11, 2022  |  Cybersecurity

Ransomware activity related to cryptocurrency is most often associated with the release of malware that encrypts a victim’s information — usually a major corporation —...

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BNPL’s Ease and Speed at Checkout Catch the Eye of Would-Be Thieves
BNPL’s Ease and Speed at Checkout Catch the Eye of Would-Be Thieves
February 11, 2022  |  Buy Now Pay Later

New and trendy payment methods are popular with fraudsters, too. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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CMA Finds 70% of UK Consumers Have Been Ripped Off Online
CMA Finds 70% of UK Consumers Have Been Ripped Off Online
February 10, 2022  |  Security & Fraud

Seven out of every 10 people in a survey of more than 2,000 adults across the U.K. have experienced potential rip-offs online, according to new...

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Businesses Deploy Branded Communication Tech to Encourage Customers to Pick Up the Phone
Businesses Deploy Branded Communication Tech to Encourage Customers to Pick Up the Phone
February 10, 2022  |  Technology

Although many processes are digital today, there are times when a financial service provider still needs to get a customer on the phone — for...

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Facebook, Instagram Marketplaces Rife With Fake Luxury Goods, Report Says
Facebook, Instagram Marketplaces Rife With Fake Luxury Goods, Report Says
February 10, 2022  |  Security & Fraud

Meta is trying to stop fake luxury goods from circulating on its platforms, including big names from Gucci to Chanel, Reuters writes. Get the Full...

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Study: 50% of Financial Firms Unsure About Data Security
Study: 50% of Financial Firms Unsure About Data Security
February 09, 2022  |  Cybersecurity

The security of backed-up and stored data is among the chief concerns of financial firms around the country, according to a recent survey of 200...

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Catfish Casanovas Prey on More Romance Scam Victims
Catfish Casanovas Prey on More Romance Scam Victims
February 09, 2022  |  Fraud Attack

Online romance scams happen all year round, but with Valentine’s Day less than a week away, even the smartest people looking for love could get...

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PYMNTS Crypto Crime Series: Bitfinex Using $3.6B Seized in Hacking Arrests to Cover Shadow Banking Losses
PYMNTS Crypto Crime Series: Bitfinex Using $3.6B Seized in Hacking Arrests to Cover Shadow Banking...
February 09, 2022  |  Cryptocurrency

The timing of the arrests of Ilya Lichtenstein and Heather Morgan on charges that they stole $4.5 billion in bitcoin from cryptocurrency exchange Bitfinex in...

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