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.

Neiman Marcus Data Hack Impacts 4.6M eCommerce Consumers
Neiman Marcus Data Hack Impacts 4.6M eCommerce Consumers
September 30, 2021  |  Security & Fraud

Neiman Marcus Group has said it notified around 4.6 million online users that their personal data could have been accessed in a data breach dating...

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London Cybersecurity Companies Discuss New Opportunities With 5G Rollout
London Cybersecurity Companies Discuss New Opportunities With 5G Rollout
September 29, 2021  |  Security & Fraud

5G networks are fast emerging as reality, bringing with them lower latencies and blazing connectivity that promise to transform how people live, work and play....

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AML/KYC: Obstacle or Opportunity for Banks and FinTechs
AML/KYC: Obstacle or Opportunity for Banks and FinTechs
September 28, 2021  |  Bank Regulation

Regulatory agencies and financial institutions (FIs) agree on the importance of protecting the banking ecosystem from illicit activity and fraudulent users, but the methodology of...

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With 80% of Data Breaches Involving Passwords, Their Retirement Cannot Happen Soon Enough
With 80% of Data Breaches Involving Passwords, Their Retirement Cannot Happen Soon Enough
September 28, 2021  |  Security & Fraud

Passwords are, in a word, broken. We all know this — and yet we continue to use them almost reflexively. Get the Full Story Complete...

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SEC Charges Payday Lender Sky Group With $66M Fraud
SEC Charges Payday Lender Sky Group With $66M Fraud
September 27, 2021  |  Security & Fraud

The Securities and Exchange Commission (SEC) has accused a Miami-based payday loan company and its CEO of defrauding its investors. Get the Full Story Complete...

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Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only Banks
Report: Data Security Concerns Keep Nearly Half of US Consumers From Switching to Digital Only...
September 27, 2021  |  Digital Banking

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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Merchants Must Mind Fraud and Honor Consumer Needs Amid Rising RTP
Merchants Must Mind Fraud and Honor Consumer Needs Amid Rising RTP
September 24, 2021  |  Payment Methods

Merchant payments are racing toward a digital paradise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
CFPB Data Shows Lower-Income Areas More Likely to File Complaints on Credit Reporting, ID Theft
September 23, 2021  |  CFPB

Lower-income, mostly Black and Hispanic, communities were more likely to submit complaints to the Consumer Financial Protection Bureau (CFPB) about credit reporting, identity theft and...

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Airbnb’s Data Sharing, Rental ‘Blacklist’ Signal Drive to Secure Platforms 
Airbnb’s Data Sharing, Rental ‘Blacklist’ Signal Drive to Secure Platforms 
September 23, 2021  |  Fraud Prevention

The connected economy leads to the (data) sharing economy — which leads to a safer economy, for consumers and especially for platforms. Get the Full...

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