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.

SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme

SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme
SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme
August 01, 2022  |  Cybersecurity

The Securities and Exchange Commission (SEC) has charged 11 people for their roles in allegedly creating and promoting fraudulent cryptocurrency pyramid and Ponzi scheme Forsage,...

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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  |  Cybersecurity

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  |  Cybersecurity

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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