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.

Fighting Fraudulent Transactions, By the Numbers

Fighting Fraudulent Transactions, By the Numbers
Fighting Fraudulent Transactions, By the Numbers
January 07, 2022  |  Fraud Prevention

In the fall of 2021, PYMNTS, working with the Mastercard affiliate Brighertion, interviewed dozens of banking executives to determine how acquiring banks use artificial intelligence...

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London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
London FinTech Starling Bank Boycotts Advertising on Meta Over Scammers
January 07, 2022  |  Cybersecurity

London FinTech Starling Bank has put Meta on notice and said it was boycotting advertising on Facebook and Instagram due to the number of scammers...

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The Biometric Authentication Generation Gap
The Biometric Authentication Generation Gap
January 06, 2022  |  Biometrics

Fraud may be on the rise, but the number of consumers using biometric authentication methods has not risen with it. Get the Full Story Complete...

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Crypto Crime Up 79% Against Transaction Volume Surge of 567%
Crypto Crime Up 79% Against Transaction Volume Surge of 567%
January 06, 2022  |  Cryptocurrency

The widespread adoption of cryptocurrency broke transaction volume records in 2021, but the 567% surge had a magnetic pull on cybercriminals, who turned to the...

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Theranos Guilty Verdict Shows the Dangers of Groupthink
Theranos Guilty Verdict Shows the Dangers of Groupthink
January 04, 2022  |  Legal & Regulation

The jury is in, literally, on Elizabeth Holmes, the one-time siren of Silicon Valley who raised close to $1 billion in capital to fund a...

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For Banks Hunting Fraudsters, There’s No Magic Bullet
For Banks Hunting Fraudsters, There’s No Magic Bullet
January 04, 2022  |  Cybersecurity

Online fraudsters have gotten more and more sophisticated, making it tougher or financial institutions (FIs) to tell the difference between customer and scammer. Get the...

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The 51% Attack: Crypto’s Double-Spending Achilles Heel
The 51% Attack: Crypto’s Double-Spending Achilles Heel
January 03, 2022  |  Cryptocurrency

Once written onto the blockchain, a cryptocurrency transaction is immutable — it cannot be changed, canceled or reversed. Get the Full Story Complete the form...

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T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
T-Mobile Data Breach to ‘Small’ Number of Customers Caused by SIM Swap Attacks
December 29, 2021  |  Cybersecurity

T-Mobile has confirmed that it was aware of SIM swap attacks affecting what it said was a “very small” number of customers, Bleeping Computer reported...

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