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.

Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
Spreedly Use Up 300 Pct By Retailers For Fraud Prevention
August 25, 2021  |  Security & Fraud

Payments orchestration platform Spreedly reported a 300 percent year-over-year increase in the number of merchants using the company’s resources to prevent fraud.

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Subscription Payments Declines Are Usually Random, Often Costly, But Largely Avoidable
Subscription Payments Declines Are Usually Random, Often Costly, But Largely Avoidable
August 25, 2021  |  Subscription Commerce

Two out of three times when a payment gets declined, FlexPay CEO Darryl Hicks said, it’s due to what he called “the month 15 problem.”...

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Two Thirds of Consumers Have ‘Zero Tolerance’ for eCommerce Fraud
Two Thirds of Consumers Have ‘Zero Tolerance’ for eCommerce Fraud
August 20, 2021  |  eCommerce

There’s no forgive or forget when it comes to eCommerce fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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M&T Bank Says Blanket Approach To Security Smothers Customer Experience
M&T Bank Says Blanket Approach To Security Smothers Customer Experience
August 19, 2021  |  Fraud Prevention

March 2020 marked a watershed moment for digital banking. It marked the mass acceleration away from branches and onto banking sites and apps, with more...

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Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
August 18, 2021  |  Fraud Prevention

Video game developer Valve plugged a security bug that could have been used by gamers to fill their Steam wallets with unlimited funds, ThreatPost and...

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SEC Fines Pearson $1M For Misleading Investors About Data Breach
SEC Fines Pearson $1M For Misleading Investors About Data Breach
August 16, 2021  |  Security & Fraud

Pearson, which is a London-based company working on educational publishing, has agreed to pay $1 million on charges that it misled investors about a 2018...

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T-Mobile Says It’s Working To Address Cybersecurity Incident
T-Mobile Says It’s Working To Address Cybersecurity Incident
August 16, 2021  |  Security & Fraud

T-Mobile data may have been accessed illegally, the company announced in a Monday (Aug. 16) press release, noting it is “working around the clock” to...

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Hackers Reportedly Selling Data On 100M T-Mobile Users
Hackers Reportedly Selling Data On 100M T-Mobile Users
August 16, 2021  |  Security & Fraud

T-Mobile is investigating claims that sensitive information from 100 million users is being sold on the dark web, Motherboard reported, citing contact with the seller...

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Two-Thirds Of Consumers Would Cut Ties With Merchants Over A Single Online Fraud Incident
Two-Thirds Of Consumers Would Cut Ties With Merchants Over A Single Online Fraud Incident
August 15, 2021  |  eCommerce

New research shows a zero-tolerance attitude among consumers toward online theft in eCommerce today, with 65 percent or more saying a single incident can lose...

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