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.

AmEx Lured Business Customers with Fraudulent Sales Pitch
AmEx Lured Business Customers with Fraudulent Sales Pitch
November 22, 2021  |  Banking

American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise...

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As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
As Platforms Wage War on Cybertheft, Crooks Turn to Low-Tech Shoplifting and Online Resale
November 22, 2021  |  Security & Fraud

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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UK Payments Regulator to Require Repayment for Push Payment Fraud
UK Payments Regulator to Require Repayment for Push Payment Fraud
November 22, 2021  |  Security & Fraud

The U.K. Payments System Regulator (PSR) is requiring repayment to victims of authorized push payment (APP) fraud after more than 350 million pounds ($469 million)...

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Retailers Use AI to Build Trust in Secondhand Luxury, Sneaker Sales
Retailers Use AI to Build Trust in Secondhand Luxury, Sneaker Sales
November 22, 2021  |  Retail

There is nothing like searching online for a nice secondhand watch, handbag or pair of sneakers, only to have the item show up and turn...

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Hackers Target Phones of Small Crypto Investors
Hackers Target Phones of Small Crypto Investors
November 21, 2021  |  Security & Fraud

Hackers are stealing cryptocurrency more often from random individual users, a Wall Street Journal (WSJ) report says. Get the Full Story Complete the form to...

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Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina
Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina
November 21, 2021  |  Bitcoin

Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported....

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IRS Seizes $3.5B in Crypto in FY 2021
IRS Seizes $3.5B in Crypto in FY 2021
November 19, 2021  |  Security & Fraud

The Internal Revenue Service (IRS) seized $3.5 billion in cryptocurrencies during the fiscal year 2021, accounting for 93% of the assets seized during the year....

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DeFi Losses Top $10B From Exploits, Fraud, Theft
DeFi Losses Top $10B From Exploits, Fraud, Theft
November 19, 2021  |  Security & Fraud

Decentralized finance (DeFI) platforms have been the target of criminal attacks, with fraud and theft topping $10 billion, according to a report entitled Risk, Regulation,...

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California Pizza Kitchen Warns Employees of Personnel Data Breach
California Pizza Kitchen Warns Employees of Personnel Data Breach
November 18, 2021  |  Security & Fraud

California Pizza Kitchen informed 103,767 current and former employees on Monday (Nov. 15) that personal data the company held, including names and Social Security numbers,...

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