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.

Fashion Brand Guess Data Breach Impacts Customer Info

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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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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