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.

Japanese Firms Collaborate to Fight Payments Fraud

Japanese Firms Collaborate to Fight Payments Fraud
Japanese Firms Collaborate to Fight Payments Fraud
December 22, 2021  |  Security & Fraud

A group of Japanese companies has launched an information-sharing program to prevent smartphone-based payments fraud. Get the Full Story Complete the form to unlock this...

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As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
As Crypto Crime Grows, Exchanges Like Coinbase are Key to Catching Crooks
December 22, 2021  |  Cryptocurrency

A British al-Qaida supporter was just sentenced to 16 months in jail for cryptocurrency trading and using bitcoin to buy stolen credit card information. Coinbase...

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PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021  |  Security & Fraud

The old saying goes: Faster payments make for faster fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters
Secret Service Names Special Agent to Go After $100B Pilfered by Pandemic Fraudsters
December 22, 2021  |  Security & Fraud

Close to $100 billion was pilfered from pandemic relief funds, and the U.S. Secret Service has assigned Assistant Special Agent in Charge (ASAIC) Roy Dotson...

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60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important Anti-Fraud Tool
60% of the Acquirers Using AI Systems to Detect Fraud Consider It Their Most Important...
December 21, 2021  |  Artificial Intelligence

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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Busbud on Tapping Payments Orchestration for a Flexible Future
Busbud on Tapping Payments Orchestration for a Flexible Future
December 20, 2021  |  Payments Innovation

Consumers want a single point of contact to manage their travel experiences; travel operators want a single point of contact to manage all of the...

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Four Executives Sentenced in SBA Fraud Case
Four Executives Sentenced in SBA Fraud Case
December 17, 2021  |  Security & Fraud

Four Indiana executives once associated with the now-defunct Banc-Serv Partners LLC were sentenced to prison in federal court this week. The government alleged that all...

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Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
December 17, 2021  |  Security & Fraud

Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a...

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‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021  |  Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story...

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