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.

Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force on Crypto Tax Payments
Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force...
October 27, 2021  |  Bitcoin

U.K. police have seized over $2.7 million in cryptocurrency after an investigation officials termed a “sophisticated cyber fraud,” the Lincolnshire Police announced in a press...

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Just 30% of SMBs Have Taken Steps to Automate AP Processes
Just 30% of SMBs Have Taken Steps to Automate AP Processes
October 27, 2021  |  B2B Payments

As more businesses make the shift to fully digital transaction processes, new PYMNTS data suggests concerns about the move to real-time payments are making that...

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FTC Warns Uber, Amazon, Other Tech Firms on Money-Making Claims
FTC Warns Uber, Amazon, Other Tech Firms on Money-Making Claims
October 26, 2021  |  Regulation

The Federal Trade Commission (FTC) has issued notices on over 1,100 companies, saying it will be aggressively targeting them if they pitch any misleading money-making...

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Lawmakers Could Bar Private Company Ransomware Payments
Lawmakers Could Bar Private Company Ransomware Payments
October 26, 2021  |  Security & Fraud

Lawmakers could introduce legislation banning private companies from making ransomware payments, MarketWatch reported. Get the Full Story Complete the form to unlock this article and...

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Merchants Face off Against Evolving Fraud Tactics
Merchants Face off Against Evolving Fraud Tactics
October 26, 2021  |  Security & Fraud

In “The Way Payments Are Now Done,” 33 payment executives discuss what payments’ “new normal” looks like. Andre Machicao, SVP, global head of product and...

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Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
October 25, 2021  |  AML

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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Jumio Intros No-Code Orchestration Layer for KYX Platform
Jumio Intros No-Code Orchestration Layer for KYX Platform
October 25, 2021  |  Security & Fraud

Artificial intelligence (AI) identity verification startup Jumio has launched an intuitive, no-code orchestration layer for its KYX Platform that pulls together a full suite of...

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FTC: Scammers Stole $27M From Amazon Customers
FTC: Scammers Stole $27M From Amazon Customers
October 22, 2021  |  Security & Fraud

Scammers stole about $27 million from Amazon customers between July 2020 and June 2021 through about 96,000 incidents reported to the Federal Trade Commission, according...

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Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
October 22, 2021  |  AML

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating...

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