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.

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

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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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eCommerce Platform Fancy On Curbing Friction In Cross-Border Luxury Sales
eCommerce Platform Fancy On Curbing Friction In Cross-Border Luxury Sales
July 08, 2021  |  Consumer Payments

Consumers' favorite runway looks are often just a click away, but not when buyers shop cross border. In this month’s Cross-Border Retail Payments Tracker, Greg...

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FBI: Why AI And MFA Provide The Most Effective Fraud Defense
FBI: Why AI And MFA Provide The Most Effective Fraud Defense
July 08, 2021  |  Fraud Prevention

Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with...

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Kaseya Was Warned About Cybersecurity Flaw In April
Kaseya Was Warned About Cybersecurity Flaw In April
July 07, 2021  |  Security & Fraud

Kaseya, a Miami software supplier which helps technology service providers manage computer networks, knew in April about “a cybersecurity vulnerability” used in a massive ransomware attack...

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The FBI On Revamping Fraud Prevention Strategies To Protect Against Digital-First Financial Crime
The FBI On Revamping Fraud Prevention Strategies To Protect Against Digital-First Financial Crime
July 07, 2021  |  Fraud Prevention

Financial institutions (FIs) often shut down accounts at the first sign of fraud, but this blanket approach can alienate legitimate users and let stealthier cybercriminals...

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How To Stop Online Fraud: Crush The Fraudsters’ ROI
How To Stop Online Fraud: Crush The Fraudsters’ ROI
July 07, 2021  |  Security & Fraud

There isn’t much good to be said about the motives and mindset of cybercriminals, given that they tend to be focused on fraudulently depriving others...

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Weekend Cyberattack May Not Be Over, Report Says
Weekend Cyberattack May Not Be Over, Report Says
July 06, 2021  |  Security & Fraud

President Joe Biden has said the U.S. appears to have avoided much damage to businesses in the recent ransomware attack, which was the biggest on...

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Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control
Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control
July 06, 2021  |  Bitcoin

Fake versions of stocks from big name companies are circulating on blockchains as part of an experiment to see if the stock market can be...

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