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.

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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UK Cops Seize $249M In Crypto Crackdown
UK Cops Seize $249M In Crypto Crackdown
July 13, 2021  |  Security & Fraud

British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported...

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Fashion Brand Guess Data Breach Impacts Customer Info
Fashion Brand Guess Data Breach Impacts Customer Info
July 12, 2021  |  Security & Fraud

Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Get...

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Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch
July 09, 2021  |  AML

As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department...

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Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers
July 08, 2021  |  Bitcoin

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

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Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
July 08, 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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B2B Payment Ecosystems Tackle Business Email Compromise
B2B Payment Ecosystems Tackle Business Email Compromise
July 08, 2021  |  B2B Payments

When the likes of Google and Facebook can fall victim to B2B payments fraud, it’s time for companies of all sizes and industries to pay...

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