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.

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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Scourge Of Fake Reviews Threaten Reputations Of Brands
Scourge Of Fake Reviews Threaten Reputations Of Brands
July 06, 2021  |  Retail

In the past two months, regulators in the U.S. and U.K. have taken aim at the increase of fake reviews online, with the Federal Trade...

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Deep Dive: How Cryptocurrency Exchanges’ Onboarding Systems Can Weed Out Fraudsters
Deep Dive: How Cryptocurrency Exchanges’ Onboarding Systems Can Weed Out Fraudsters
July 06, 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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Korea Fair Trade Commission Probes Coupang’s Algorithm Use
Korea Fair Trade Commission Probes Coupang’s Algorithm Use
July 05, 2021  |  eCommerce

Coupang, based in South Korea, has been mired in allegations that it has messed with search algorithms to prioritize its own products over rivals’, Financial...

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Sweden’s FSA Probes Klarna Over Customer Info Breach
Sweden’s FSA Probes Klarna Over Customer Info Breach
July 05, 2021  |  Security & Fraud

Payments firm Klarna is under the microscope of Sweden’s financial watchdog, over reported violations of security laws, Reuters reported Monday (July 5). Get the Full...

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Hackers Ask $70M For Business Data From Supply Chain Attack
Hackers Ask $70M For Business Data From Supply Chain Attack
July 05, 2021  |  Security & Fraud

As many as 1,500 companies worldwide were hit by a ransomware attack on Kaseya, a U.S.-based information technology firm, a report from Reuters reported Monday...

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