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.

Purported COVID-19 Vaccines Hit Dark Web

Purported COVID-19 Vaccines Hit Dark Web
Purported COVID-19 Vaccines Hit Dark Web
December 18, 2020  |  Security & Fraud

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the “dark web,” the portion of...

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Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom
Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom
December 18, 2020  |  Security & Fraud

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take...

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How Walgreens Relies On Digital Deals To Fight Promotion Fraud
How Walgreens Relies On Digital Deals To Fight Promotion Fraud
December 18, 2020  |  Fraud Prevention

Promotions have not just become a lifeline for retailers looking to boost revenues during the pandemic, but also fraudsters looking for a quick and easy...

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Deep Dive: How 2020’s Fraud Trends Will Shape Security Measures Going Forward
Deep Dive: How 2020’s Fraud Trends Will Shape Security Measures Going Forward
December 18, 2020  |  Mobile Order Ahead

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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Microsoft Products Targeted In Russian Hack, Report Says
Microsoft Products Targeted In Russian Hack, Report Says
December 18, 2020  |  Security & Fraud

Microsoft has been hacked as part of what officials say could be a Russian campaign that hit multiple U.S. government agencies, Reuters reports. Get the...

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Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering
Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering
December 18, 2020  |  AML

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also...

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Fraudsters Find New Opportunities With Vaccine And Stimulus Scams
Fraudsters Find New Opportunities With Vaccine And Stimulus Scams
December 17, 2020  |  Security & Fraud

With every dark cloud comes a silver lining – or at least that’s how the old and oft-repeated expression goes. Said less often though, no less...

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Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package
Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package
December 17, 2020  |  Authentication

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences....

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IBM Payments On The Future Of Virtual Cards
IBM Payments On The Future Of Virtual Cards
December 17, 2020  |  CFO

Virtual cards can reduce fraud for businesses transacting online by keeping sensitive payment details safer from cybercriminals, says Mike Cook, senior partner at IBM Payments...

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