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.

1 in 5 Millennials Experienced Online Fraud While Holiday Shopping in 2020

1 in 5 Millennials Experienced Online Fraud While Holiday Shopping in 2020
1 in 5 Millennials Experienced Online Fraud While Holiday Shopping in 2020
November 11, 2021  |  Retail

All totaled, 12% of online shoppers experienced fraud during the 2020 holiday shopping season, according to The 2021 Holiday Shopping Outlook, a PYMNTS and Kount...

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What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
What Exactly Is ‘Payment Orchestration’ And Why Does Your Business Need It?
November 11, 2021  |  Payment Methods

The rapidly evolving payments landscape can be a nightmare for merchants to navigate, all the more so when they’re entering into expansion mode. When moving...

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89% of Retailers Get Burned By Abuse of Their Own Customer Promotions
89% of Retailers Get Burned By Abuse of Their Own Customer Promotions
November 10, 2021  |  Retail

Retail customers perpetrating policy abuse cost U.S. firms with more than $100 million in annual sales a collective $89 billion in revenue each year, according...

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DOJ Going After Corporate Misconduct with New Advisory Group
DOJ Going After Corporate Misconduct with New Advisory Group
November 10, 2021  |  Regulation

Corporate misconduct and white-collar crime are on the radar of the U.S. Department of Justice (DOJ), with new Deputy Attorney General (DAG) Lisa Monaco introducing...

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Bitcoin Daily: Bitcoin, Ether Hit New Record Highs; Criminals Go After Bitcoin ATMs; Landry’s, NYDIG Work on Crypto Rewards Program
Bitcoin Daily: Bitcoin, Ether Hit New Record Highs; Criminals Go After Bitcoin ATMs; Landry’s, NYDIG...
November 09, 2021  |  Bitcoin

Bitcoin and ether have reached new record highs as analysts posited that a rally in financial assets could be partly due to investors who are...

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US Charges Suspect in Kaseya Cyberattack, Promises Action Against Others
US Charges Suspect in Kaseya Cyberattack, Promises Action Against Others
November 08, 2021  |  Security & Fraud

In a breakthrough for the President Joe Biden administration’s pursuit of cybercriminals, law enforcement officials seized $6.1 million in ransom payments, and federal prosecutors charged...

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Live Streamers From Turkey Reportedly Laundered $10M Over Twitch
Live Streamers From Turkey Reportedly Laundered $10M Over Twitch
November 08, 2021  |  Security & Fraud

Live streamers based in Turkey are allegedly behind a $10 million money-laundering ring that used the live streaming platform Twitch, which is owned by Amazon,...

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Petal on Reducing Fraud and Mitigating Onboarding Friction Through Behavioral Analytics
Petal on Reducing Fraud and Mitigating Onboarding Friction Through Behavioral Analytics
November 08, 2021  |  Fraud Prevention

Fighting fraud starts with securely onboarding new customers, but overly-stringent measures often yield false positives and lower conversion rates, and they create other bad outcomes....

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Report: Merchants Fight Data Breaches, Payments Fraud with Employee Education, Cybersecurity Insurance
Report: Merchants Fight Data Breaches, Payments Fraud with Employee Education, Cybersecurity Insurance
November 08, 2021  |  Fraud Prevention

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