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.

SEC Issues Corporate Fraud Warning As BEC Scams Climb
SEC Issues Corporate Fraud Warning As BEC Scams Climb
November 16, 2020  |  Security & Fraud

The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware...

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KeyBank On Fighting APP Fraud During The COVID-19 Pandemic
KeyBank On Fighting APP Fraud During The COVID-19 Pandemic
November 16, 2020  |  Fraud Prevention

Fraudsters are preying on consumers’ anxieties by turning to authorized push payment (APP) fraud for COVID-19-related schemes. Deploying multiple fraud prevention tactics is therefore a...

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Banks Reinforce Protections As Cybercriminals’ Tactics Evolve
Banks Reinforce Protections As Cybercriminals’ Tactics Evolve
November 16, 2020  |  Security & Fraud

Banks have long worked to anticipate and protect against emerging tactics of cybercriminals. Get the Full Story Complete the form to unlock this article and...

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Patient Record Breach Prompts Finland To Update Identity Code Laws
Patient Record Breach Prompts Finland To Update Identity Code Laws
November 13, 2020  |  Security & Fraud

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity...

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SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
SEC Charges Former Wells Fargo CEO And Bank Head In Fraud Scandal
November 13, 2020  |  Security & Fraud

The U.S. Securities and Exchange Commission (SEC) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells...

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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud
US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud
November 13, 2020  |  Digital Identity

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Get the Full Story Complete...

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KeyBank Battles Push-Payment Fraud With Machine Learning, Other Tactics
KeyBank Battles Push-Payment Fraud With Machine Learning, Other Tactics
November 13, 2020  |  Fraud Prevention

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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Amazon Takes Aim at Counterfeiters, Collaborators In Federal Lawsuit
Amazon Takes Aim at Counterfeiters, Collaborators In Federal Lawsuit
November 12, 2020  |  Legal

Luxury product rip-off artists and their social media accomplices beware: Amazon is coming after you. Get the Full Story Complete the form to unlock this...

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Kount Debuts New Bot Detection Solution
Kount Debuts New Bot Detection Solution
November 11, 2020  |  Security & Fraud

Kount, which works in fraud prevention and identity trust, has rolled out its new Event-Based Bot Detection solution, which will provide a more comprehensive level...

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