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.

Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
August 12, 2021  |  Security & Fraud

The hacker or hackers behind the theft from Poly Network, which facilitates peer-to-peer (P2P) transactions, have now returned almost all the $613 million they stole,...

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Currencycloud Hires Lucinity To Fight Money Laundering
Currencycloud Hires Lucinity To Fight Money Laundering
August 12, 2021  |  B2B Payments

Currencycloud, which works in B2B cross-border payments, has contracted Lucinity to provide its Actor Intelligence solution as the newest compliance innovation to fight money laundering....

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Poly Network Hackers Return Half Of Stolen $613M
Poly Network Hackers Return Half Of Stolen $613M
August 12, 2021  |  Security & Fraud

A group of hackers who carried out what is believed to be the largest cryptocurrency heist on record have returned more than half of the...

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P2P Crypto Platform Poly Network Hackers Targeted Smart Contracts, Have Returned Millions
P2P Crypto Platform Poly Network Hackers Targeted Smart Contracts, Have Returned Millions
August 11, 2021  |  Security & Fraud

Hackers of decentralized finance (DeFi) platform Poly Network have returned over a third of the $613 million they stole, Reuters reported. Get the Full Story...

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Record Crypto Heist Nets Hackers Over $600M
Record Crypto Heist Nets Hackers Over $600M
August 11, 2021  |  Security & Fraud

In what is likely the biggest cryptocurrency theft in history, hackers made off with more than $600 million by exploiting a vulnerability in the multi-chain...

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Data Shows Cyberattack Ransom Up 82 Pct Since 2020
Data Shows Cyberattack Ransom Up 82 Pct Since 2020
August 10, 2021  |  Security & Fraud

As ransomware has increased in proliferation, so has the amount paid on average to the criminals, a Computer Weekly report says, citing data from the...

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Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
August 09, 2021  |  Authentication

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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Forget About Single-Click Convenience And Collaborate On Authentication
Forget About Single-Click Convenience And Collaborate On Authentication
August 06, 2021  |  Authentication

If you accept the fact that digital fraudsters are never going to just go away, Trulioo Senior Vice President of Identity Solutions Garient Evans told...

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Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams
Chinese Cryptocurrency Tied To More Than $2B In Crime, Scams
August 03, 2021  |  Security & Fraud

Chinese cryptocurrency is the latest involved in a rash of illicit activity involving $2.2 billion in digital payment tokens used in scams and dark internet...

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