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 Crime Series: Another Day, Another Nine-Figure Crypto Hack

PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
February 03, 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...

READ MORE >
FTC Warns Social Media Users About Advertising Scams
FTC Warns Social Media Users About Advertising Scams
February 02, 2022  |  Security & Fraud

Americans reported losing about $770 million to fraud on social media last year, an 18-fold increase from 2017, the Federal Trade Commission (FTC) recently reported....

READ MORE >
Criminals See NFTs as a Lucrative Target — They May Be Wrong
Criminals See NFTs as a Lucrative Target — They May Be Wrong
February 02, 2022  |  Security & Fraud

Nonfungible token (NFT) collector Larry Lawliet announced Monday (Jan. 31) on Twitter that he had lost $2.7 million worth of super-hot Bored Ape and Mutant...

READ MORE >
Congress Eyes Giving Federal Regulators More Tools to Combat Pandemic-Related Scams, Price Gouging
Congress Eyes Giving Federal Regulators More Tools to Combat Pandemic-Related Scams, Price Gouging
February 02, 2022  |  Security & Fraud

As the world enters the third year of battling COVID-19, lawmakers said regulators must do more to stop price gouging and scams targeting the public...

READ MORE >
66% of Businesses Now Collect Credit Info on New Suppliers
66% of Businesses Now Collect Credit Info on New Suppliers
February 01, 2022  |  B2B Payments

In the B2B ecosystem, firms must complete complex onboarding processes to set customers up for new transactions and vet new suppliers or vendors. While this...

READ MORE >
Preventing Online Fraud Should Start by Examining Customer Intent
Preventing Online Fraud Should Start by Examining Customer Intent
February 01, 2022  |  Security & Fraud

There are promises made in commerce — unspoken promises that are too often broken, inadvertently, in the digital age. Get the Full Story Complete the...

READ MORE >
Travala on the Onboarding Challenges of Cryptocurrency Payments
Travala on the Onboarding Challenges of Cryptocurrency Payments
January 31, 2022  |  Cryptocurrency

While cryptocurrency payments are rapidly gaining traction, accepting crypto comes with a variety of issues, such as long processing times and the risk of fraud....

READ MORE >
Citing Crypto Threats, ‘Must-Pass’ Bill Would Allow Broader Transaction Bans
Citing Crypto Threats, ‘Must-Pass’ Bill Would Allow Broader Transaction Bans
January 28, 2022  |  Cryptocurrency

A provision in the House’s version of the America COMPETES Act would strip the requirement for public notice and the time limit on the Treasury...

READ MORE >
Navigating The Challenges Of Cryptocurrency Payment Acceptance
Navigating The Challenges Of Cryptocurrency Payment Acceptance
January 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....

READ MORE >