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.

38% of Payments Fraud Victims Learn About the Incident the Same Day
38% of Payments Fraud Victims Learn About the Incident the Same Day
January 10, 2022  |  Security & Fraud

More consumers returned to shopping in physical stores after the Thanksgiving holiday. Seventy-three percent reported shopping for their holiday purchases in stores in December, up...

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Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
January 10, 2022  |  Security & Fraud

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). Get the Full Story...

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Fighting Fraudulent Transactions, By the Numbers
Fighting Fraudulent Transactions, By the Numbers
January 07, 2022  |  Fraud Prevention

In the fall of 2021, PYMNTS, working with the Mastercard affiliate Brighertion, interviewed dozens of banking executives to determine how acquiring banks use artificial intelligence...

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London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
January 07, 2022  |  Cybersecurity

London FinTech Starling Bank has put Meta on notice and said it was boycotting advertising on Facebook and Instagram due to the number of scammers...

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The Biometric Authentication Generation Gap
The Biometric Authentication Generation Gap
January 06, 2022  |  Biometrics

Fraud may be on the rise, but the number of consumers using biometric authentication methods has not risen with it. Get the Full Story Complete...

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Crypto Crime Up 79% Against Transaction Volume Surge of 567%
Crypto Crime Up 79% Against Transaction Volume Surge of 567%
January 06, 2022  |  Cryptocurrency

The widespread adoption of cryptocurrency broke transaction volume records in 2021, but the 567% surge had a magnetic pull on cybercriminals, who turned to the...

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Theranos Guilty Verdict Shows the Dangers of Groupthink
Theranos Guilty Verdict Shows the Dangers of Groupthink
January 04, 2022  |  Legal

The jury is in, literally, on Elizabeth Holmes, the one-time siren of Silicon Valley who raised close to $1 billion in capital to fund a...

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For Banks Hunting Fraudsters, There’s No Magic Bullet
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022  |  Security & Fraud

Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Get the...

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The 51% Attack: Crypto’s Double-Spending Achilles Heel
The 51% Attack: Crypto’s Double-Spending Achilles Heel
January 03, 2022  |  Cryptocurrency

Once written onto the blockchain, a cryptocurrency transaction is immutable — it cannot be changed, canceled or reversed. Get the Full Story Complete the form...

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