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.

Calif. Seeks Federal Help With Massive ID Fraud Within Unemployment Claims

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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Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
January 25, 2021  |  Faster Payments

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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First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats
First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats
January 25, 2021  |  Digital-First Banking

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. Digital banking apps in particular have...

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Bitcoin Daily: Crypto-Related Crime Fell To $10 Billion In 2020; Singapore Exchange, Temasek Team On Digital Asset Market Infrastructure
Bitcoin Daily: Crypto-Related Crime Fell To $10 Billion In 2020; Singapore Exchange, Temasek Team On...
January 24, 2021  |  Bitcoin

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. Get the Full Story Complete the form to unlock this article and enjoy...

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Arrests Made For Organizing Wirecard’s Marsalek’s Escape
Arrests Made For Organizing Wirecard’s Marsalek’s Escape
January 24, 2021  |  Security & Fraud

Two Austrian men have been arrested in Vienna for allegedly helping rogue Wirecard exec Jan Marsalek escape arrest after the payment company’s downfall last year,...

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Kount: Doing What It Takes To Protect Partners And Customers From Digital Fraud
Kount: Doing What It Takes To Protect Partners And Customers From Digital Fraud
January 22, 2021  |  Security & Fraud

Brad Wiskirchen, CEO of Kount, dives into the pandemic’s effect on payments, eCommerce and fraud prevention, and the importance of businesses to address account protection...

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Debit Issuers Turning The Tech Tables On Fraudsters
Debit Issuers Turning The Tech Tables On Fraudsters
January 22, 2021  |  Next-Gen Debit

That the pandemic has been a fraudster’s playground is not in doubt. Were it not for a flurry of digital transformation all through 2020 the...

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