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.

Retailers Need to Combat Fraud and False Declines to Win Lifetime Customers
Retailers Need to Combat Fraud and False Declines to Win Lifetime Customers
October 19, 2021  |  Security & Fraud

“Forty percent of shoppers who are declined on their first visit won’t return, and one-third will end up seeking out the competition,” says Liron Damri,...

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Fraudsters Launching Fewer Attacks, But Aim At Bigger Targets
Fraudsters Launching Fewer Attacks, But Aim At Bigger Targets
October 18, 2021  |  Security & Fraud

The steady rise of the global eCommerce market has created a radically new fraud environment, where fraudsters now seek bigger targets, but strike less often. The evolution comes at a...

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Google Warns Government-Backed Hackers Are on the Rise
Google Warns Government-Backed Hackers Are on the Rise
October 17, 2021  |  Security & Fraud

Google’s Threat Analysis Group (TAG) is warning high-risk groups that there has been a surge in activity by government-backed hacking campaigns, up 33% so far...

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UK’s Banking Protocol Helps Stop $44M in Scam Attempts in First Half of ’21
UK’s Banking Protocol Helps Stop $44M in Scam Attempts in First Half of ’21
October 15, 2021  |  Security & Fraud

With the increasing digitization of payments due to the pandemic, it is estimated that over $6 trillion will be exchanged through digital channels by the...

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Reports of Fraud Mar El Salvador’s Bitcoin Journey
Reports of Fraud Mar El Salvador’s Bitcoin Journey
October 15, 2021  |  Bitcoin

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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Treasury Reports $590M in Suspected Ransomware Payments
Treasury Reports $590M in Suspected Ransomware Payments
October 15, 2021  |  Security & Fraud

A new report from the Treasury Department shows that American banks and financial institutions (FIs) recorded close to $600 million in suspected ransomware payments during...

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Equifax Debuts Digital Identity Services to Boost Trust, Onboarding
Equifax Debuts Digital Identity Services to Boost Trust, Onboarding
October 13, 2021  |  Digital Identity

Equifax has rolled out a new Digital Identity-as-a-Service capability, along with a new partnership with Bonifii as the first to adopt the tool, according to...

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Report: Amazon Copied Products, Rigged Search in India
Report: Amazon Copied Products, Rigged Search in India
October 13, 2021  |  Amazon

Amazon employed a campaign of creating copycat merchandise and manipulating search results to give its own products an advantage in India, according to a new...

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Global Fraud Risks Reduced With Real Time, Cross Platform ID Verification
Global Fraud Risks Reduced With Real Time, Cross Platform ID Verification
October 13, 2021  |  Authentication

As firms move beyond domestic markets and capture new business and revenue streams in other countries, they’ve got to step up their efforts to ensure...

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