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.

Synthetic ID Fraud Becomes An Authentic Problem; Hits 60 Percent Of All Businesses
Synthetic ID Fraud Becomes An Authentic Problem; Hits 60 Percent Of All Businesses
January 29, 2021  |  Security & Fraud

Synthetic identity fraud has been called one of the fastest-growing financial crimes in the U.S., costing financial institutions (FIs) north of $6 billion a year....

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Bitcoin Daily: CoreLedger To Tokenize Argentinian Agriculture On Blockchain; Europol Arrests Crime Ring For Crypto Investor Scam
Bitcoin Daily: CoreLedger To Tokenize Argentinian Agriculture On Blockchain; Europol Arrests Crime Ring For Crypto...
January 28, 2021  |  Bitcoin

Argentinian farmers, struggling amid a spate of hyperinflation and the economic effects of the pandemic, could end up finding relief through tokenization of agricultural assets...

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Keeping Cybercrooks Out Of Digital-First Banking
Keeping Cybercrooks Out Of Digital-First Banking
January 28, 2021  |  Digital-First Banking

PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the...

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New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit Cards
New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit...
January 28, 2021  |  Credit Cards

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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Bitcoin Daily: California Man Jailed For Defrauding Crypto Investors Of Over $20 Million; Bitcoin Falls Below $30,000
Bitcoin Daily: California Man Jailed For Defrauding Crypto Investors Of Over $20 Million; Bitcoin Falls...
January 27, 2021  |  Bitcoin

Jerry Ji Guo was sentenced to six months in jail for defrauding investors of over $20 million in a fraudulent initial coin offering scheme, according...

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations
Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations
January 27, 2021  |  Credit Unions

Credit unions (CUs) have lots of data on their members but not always the access to the right digital tools to glean the insights needed...

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Calif. Seeks Federal Help With Massive ID Fraud Within Unemployment Claims
Calif. Seeks Federal Help With Massive ID Fraud Within Unemployment Claims
January 26, 2021  |  Security & Fraud

Sophisticated identity thieves from Russia and Nigeria are being blamed for a spate of fraudulent unemployment claims that may have caused as much as $30...

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Real-Time Networks Getting Really Serious About Fraud In 2021
Real-Time Networks Getting Really Serious About Fraud In 2021
January 26, 2021  |  Faster Payments

As real-time payment (RTP) schemes move from pilot to implementation worldwide, cybercrooks follow, drawn by the lure of instant ill-gotten gains at scale. Get the...

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Bitcoin Daily: Russian Government Bans Officials From Holding Crypto; BuyUCoin Hack Leaks Private Data Of 325,000 Users
Bitcoin Daily: Russian Government Bans Officials From Holding Crypto; BuyUCoin Hack Leaks Private Data Of...
January 25, 2021  |  Bitcoin

Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported....

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