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.

eCommerce Platform Fancy On Curbing Friction In Cross-Border Luxury Sales

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  |  Cybersecurity

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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How To Stop Online Fraud: Crush The Fraudsters’ ROI
How To Stop Online Fraud: Crush The Fraudsters’ ROI
July 07, 2021  |  Cybersecurity

There isn’t much good to be said about the motives and mindset of cybercriminals, given that they tend to be focused on fraudulently depriving others...

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Weekend Cyberattack May Not Be Over, Report Says
Weekend Cyberattack May Not Be Over, Report Says
July 06, 2021  |  Cybersecurity

President Joe Biden has said the U.S. appears to have avoided much damage to businesses in the recent ransomware attack, which was the biggest on...

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Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control
Bitcoin Daily: Fake Stocks Used For Blockchain Tests; Regulators Want More Crypto Control
July 06, 2021  |  Bitcoin

Fake versions of stocks from big name companies are circulating on blockchains as part of an experiment to see if the stock market can be...

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Scourge Of Fake Reviews Threaten Reputations Of Brands
Scourge Of Fake Reviews Threaten Reputations Of Brands
July 06, 2021  |  Retail

In the past two months, regulators in the U.S. and U.K. have taken aim at the increase of fake reviews online, with the Federal Trade...

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