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.

US, Allies Press For Action After Tying China To Cyberattacks
US, Allies Press For Action After Tying China To Cyberattacks
July 19, 2021  |  Security & Fraud

The U.S. is joining forces with the U.K., the EU and NATO in pressing officials from the People’s Republic of China (PRC) to take action...

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Deep Dive: How Biometrics And Contactless Payments Are Key To Creating Patient-First Healthcare Experiences
Deep Dive: How Biometrics And Contactless Payments Are Key To Creating Patient-First Healthcare Experiences
July 19, 2021  |  Identity

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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Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
Feds Bust Maryland Unemployment Fraud Ring Amid Scrutiny Of Illicit Payments
July 16, 2021  |  Security & Fraud

It’s been a banner year for fraudsters attacking the suddenly bloated unemployment program, as a top federal government watchdog estimates that as much as $26...

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Why FinTech Struggles To Combat The $1.5 Trillion Trade Finance Gap
Why FinTech Struggles To Combat The $1.5 Trillion Trade Finance Gap
July 16, 2021  |  B2B Payments

Trade finance has become a popular target of FinTech innovators looking to disrupt what has been, for decades, a manual, paper-based process. Get the Full...

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FTC Requires LendingClub To Clearly List Loan Fees
FTC Requires LendingClub To Clearly List Loan Fees
July 15, 2021  |  Legal

LendingClub, the online lender, has agreed to pay $18 million in order to settle charges of reportedly deceiving customers, the Federal Trade Commission (FTC) reported Thursday (July...

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US, Canadian Authorities Save Company From $750K BEC Scam
US, Canadian Authorities Save Company From $750K BEC Scam
July 15, 2021  |  B2B Payments

An unnamed U.S. company was saved from losing approximately $750,000 after the Canadian Anti-Fraud Centre (CAFC) shared a tip about a potential business email compromise...

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FTC: Americans Lost Nearly $500M To COVID Fraud
FTC: Americans Lost Nearly $500M To COVID Fraud
July 14, 2021  |  Security & Fraud

The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC),...

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Russian Hacking Group Responsible For Ransomware Goes Dark
Russian Hacking Group Responsible For Ransomware Goes Dark
July 13, 2021  |  Security & Fraud

REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the...

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Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To Buy Bitcoin Sentenced To Three Years
Bitcoin Daily: ‘The Black Swan’ Author Decries Bitcoin; Identity Thief Who Used Stolen Money To...
July 13, 2021  |  Bitcoin

Nassim Nicholas Taleb, the author of “The Black Swan” and a probability researcher and former quantitative trader, previously spoke highly of bitcoin. Now, he has...

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