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.

Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning

Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning
Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning
February 25, 2022  |  Banking

Revolut Launches New Initiative This Week Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Poland Expects More Cyberattacks on Government Platforms
Poland Expects More Cyberattacks on Government Platforms
February 25, 2022  |  Cybersecurity

The Polish government and the nation’s payment clearinghouse have experienced more cyberattacks recently, the federal chief of cybersecurity said Friday (Feb. 25), Reuters reported. Get...

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The Perils Of “One-Size-Fits-All” Authentication
The Perils Of “One-Size-Fits-All” Authentication
February 25, 2022  |  Fraud Prevention

Businesses face an array of challenges when authenticating customers, often because they rely on a single security stack. Get the Full Story Complete the form...

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Automated Certification Emerges as Key Line of Defense in Banks’ Fight Against Hackers
Automated Certification Emerges as Key Line of Defense in Banks’ Fight Against Hackers
February 25, 2022  |  Cybersecurity

Open a newspaper, turn on the TV or click on a link, and you’ll see any number of headlines — seemingly every day — that...

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Utility Scams Using Mobile Payment Apps Rise 150% From January ’21
Utility Scams Using Mobile Payment Apps Rise 150% From January ’21
February 24, 2022  |  Cybersecurity

Scams targeting users of mobile payment apps such as Cash App, QuickPay, Venmo and Zelle are surging, the Better Business Bureau and Illinois utility Commonwealth...

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One-Size-Fits-All Solutions Fail to Keep Pace With Rising Payments Fraud
One-Size-Fits-All Solutions Fail to Keep Pace With Rising Payments Fraud
February 24, 2022  |  Fraud Prevention

Cybercrime is nothing if not varied. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
February 22, 2022  |  B2B Payments

Low visibility into payments journeys has left accounts payable (AP) departments vulnerable to cyberattacks. Throughout the pandemic, businesses’ remote workspaces have been plagued by fraud...

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FTC: Consumer Fraud Jumped 70% in 2021
FTC: Consumer Fraud Jumped 70% in 2021
February 22, 2022  |  Fraud Prevention

Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% jump from the year before, the Federal Trade Commission (FTC) said Tuesday...

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