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.

UK’s FCA Issued $775M in Fines in 2021
UK’s FCA Issued $775M in Fines in 2021
January 17, 2022  |  International

A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million)...

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Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
Today in Data: Battling Fraud With Data, December Retail Sales Slump, Meeting Consumers’ Dietary Needs
January 17, 2022  |  Today In Data

Today in Data, December retail sales slumped as the omicron variant surged across the U.S. and around the world. Plus, fraudsters becoming increasingly frustrated by...

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North Korean Hackers Swiped $400M in Crypto Last Year
North Korean Hackers Swiped $400M in Crypto Last Year
January 14, 2022  |  Cryptocurrency

Hackers from North Korea swiped close to $400 million in cryptocurrencies across at least seven cyberattacks that targeted investment firms and centralized exchanges, with 58%...

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Scammers Using Fake QR Codes on Parking Meters to Divert Payments
Scammers Using Fake QR Codes on Parking Meters to Divert Payments
January 13, 2022  |  Security & Fraud

Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept...

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Open Banking Series: What Data Do Banks and FinTechs Share?
Open Banking Series: What Data Do Banks and FinTechs Share?
January 12, 2022  |  Digital Banking

Open banking is, undoubtedly, a good innovation for the banking sector, especially for consumers and FinTechs. But open banking can also help traditional banks to...

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Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
Securities Regulators: Crypto Scams are Top Threat to Investors ‘By Far’ 
January 12, 2022  |  Cryptocurrency

Cryptocurrencies and digital assets are the biggest threat to investors, according to new data from the North American Securities Administrators Association (NASAA). Get the Full Story...

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Deep Dive: How AP Automation Can Lower Businesses’ Fraud, Processing and Labor Costs
Deep Dive: How AP Automation Can Lower Businesses’ Fraud, Processing and Labor Costs
January 12, 2022  |  Accounts Payable

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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Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams
January 12, 2022  |  Security & Fraud

It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of...

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Binance Under Scrutiny in Alleged $100M Scam in Pakistan
Binance Under Scrutiny in Alleged $100M Scam in Pakistan
January 10, 2022  |  Security & Fraud

The Pakistan Federal Investigation Agency (FIA) has said it wants to talk with cryptocurrency exchange Binance about a scam that has grifted over $100 million...

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