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.

Amazon’s Anti-Counterfeit Efforts Block 6 Million Bad Accounts, 10 Billion Bogus Listings
Amazon’s Anti-Counterfeit Efforts Block 6 Million Bad Accounts, 10 Billion Bogus Listings
May 10, 2021  |  Retail

Amazon, the world’s largest online retailer, said a $700 million investment and the work of 10,000 employees put a major dent in the company’s effort...

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Deep Dive: How Consumers’ Trust In Digital Banking Has Affected Onboarding Authentication Preferences
Deep Dive: How Consumers’ Trust In Digital Banking Has Affected Onboarding Authentication Preferences
May 10, 2021  |  Digital Onboarding

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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Mastercard Says AI Key In Managing IoT Data Deluge — And Thwarting Cyberfraud
Mastercard Says AI Key In Managing IoT Data Deluge — And Thwarting Cyberfraud
May 10, 2021  |  Security & Fraud

Data, data everywhere – accumulating exponentially, as we have gone increasingly digital. Get the Full Story Complete the form to unlock this article and enjoy...

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Colonial Pipeline Latest Target In High-Profile Ransomware Attacks
Colonial Pipeline Latest Target In High-Profile Ransomware Attacks
May 09, 2021  |  Security & Fraud

The Biden administration is looking to crack down on ransomware, especially as a series of major cyberattacks has recently occurred, Bloomberg reported. In the span...

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Amazon Turns To Postcards To Verify Third-Party Sellers’ Addresses
Amazon Turns To Postcards To Verify Third-Party Sellers’ Addresses
May 09, 2021  |  Amazon

Amazon, arguably one of the world’s more technologically advanced customer-facing companies, is deploying a tool that dates to the 1860s to verify the addresses of...

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Today In Payments: SEC Chair Says Congress Should Regulate Crypto Exchanges; Walmart Acquires Telehealth Provider MeMD
Today In Payments: SEC Chair Says Congress Should Regulate Crypto Exchanges; Walmart Acquires Telehealth Provider...
May 07, 2021  |  News

In today’s top news, the chair of the U.S. Securities and Exchange Commission (SEC) said cryptocurrency needs more regulation, and Walmart has acquired telehealth firm...

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New Study: Consumers Will Now Drop A Merchant Over A Single Data Breach
New Study: Consumers Will Now Drop A Merchant Over A Single Data Breach
May 07, 2021  |  Security & Fraud

Consumers can drift along in a happy sort of haze, extending trust to brands that appeal, and enjoying a loose but very real connection —...

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How RBC Captures Consumer Trust At The Point Of Onboarding
How RBC Captures Consumer Trust At The Point Of Onboarding
May 07, 2021  |  Digital Onboarding

The surge in pandemic-related fraud has increased consumers’ data safety concerns, with 23 million Americans who now believe that fraudsters have used their identities to...

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Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
May 06, 2021  |  Investments

Shift Technologies, which provides artificial intelligence (AI)-powered decision automation and optimization solutions for insurance companies, has closed a Series D funding round of $220 million....

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