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.

Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences

Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences
Synchrony on How AI and MLCan Help FIs Combat Fraud and Deliver Frictionless Customer Experiences
September 16, 2021  |  Fraud Prevention

Locking out fraud without increasing false positives can seem nearly impossible for financial institutions (FIs), but it doesn't have to be. In the Preventing Financial...

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FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021  |  Security & Fraud

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must...

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NFT Plaform OpenSea Said Employee Bought Items Before Sale
NFT Plaform OpenSea Said Employee Bought Items Before Sale
September 15, 2021  |  Security & Fraud

Nonfungible token (NFT) marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its...

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PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
PYMNTS Data: FIs’ Adoption of Fraud Detection Tech Has Tripled Since 2018
September 15, 2021  |  Fraud Prevention

Financial institutions (FIs) want to reduce fraud, but at the same time don’t want to create false positives, which is the flagging of legitimate customers...

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Anti-Fraud Firm ClearSale Lands $254M From IPO
Anti-Fraud Firm ClearSale Lands $254M From IPO
September 15, 2021  |  IPO

The fraud protection company ClearSale has raised $254 million through its July 30 initial public offering (IPO) on Brazil’s B3 stock exchange. Get the Full...

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AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
AI/ML Lifts Synchrony Fraud Detection Accuracy to 90%
September 15, 2021  |  Fraud Prevention

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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Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
Sen. Elizabeth Warren Recommends Breaking Up Wells Fargo
September 15, 2021  |  Bank Regulation

Sen. Elizabeth Warren said she thinks the Federal Reserve needs to break up Wells Fargo over what she referred to in a letter on Monday...

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New Report: Half of Large Firms Are Focused On Digital Identity and Authentication
New Report: Half of Large Firms Are Focused On Digital Identity and Authentication
September 14, 2021  |  Authentication

The digital shift quickly morphed into the connected economy, and in that online global ecosystem, identity is at least half the battle when it comes...

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Apple Fixes Flaw That Was Causing Software Breach Since February
Apple Fixes Flaw That Was Causing Software Breach Since February
September 13, 2021  |  Security & Fraud

Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported...

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