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.
CellPoint and Riskified Team to Combat Travel Sector Fraud
CellPoint and Riskified Team to Combat Travel Sector Fraud
November 02, 2023  |  Fraud Prevention

CellPoint Digital has teamed with Riskified to help battle fraud in the travel sector. The partnership, announced Thursday (Nov. 2), leverages Riskified’s fraud and risk intelligence capabilities and CellPoint’s payment...

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Adyen and Plaid Partner on Pay-by-Bank Offering in North America
Adyen and Plaid Partner on Pay-by-Bank Offering in North America
November 02, 2023  |  Partnerships

Global financial technology platform Adyen has partnered with digital finance firm Plaid to introduce Pay-by-Bank services in North America in early 2024. Adyen has made...

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White House Plans AI Safety Institute and Anti-Fraud Program
White House Plans AI Safety Institute and Anti-Fraud Program
November 01, 2023  |  artificial intelligence

The U.S. is set to unveil several new proposals to govern artificial intelligence (AI). Vice President Kamala Harris will outline the White House plans as she heads...

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Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
Nearly Half of FIs Tap Deep Learning Systems to Fight Fraud
October 31, 2023  |  Fraud Prevention

Artificial intelligence (AI) has become increasingly prevalent across various industries, offering a wide range of capabilities. In the payments industry, AI has proven to be...

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Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023  |  Fraud Prevention

They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge...

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Bankman-Fried Gets Last Chance to Plead His Case
Bankman-Fried Gets Last Chance to Plead His Case
October 31, 2023  |  Legal

Sam Bankman-Fried is set to wrap his testimony in his federal fraud trial Tuesday (Oct. 31). And as a report by CNBC notes, this will mark the FTX founder’s...

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Anti-Ransomware Coalition Tells Hackers: We Won’t Pay
Anti-Ransomware Coalition Tells Hackers: We Won’t Pay
October 31, 2023  |  Security & Fraud

A 40-nation alliance reportedly plans to pledge to not to pay ransoms to cybercriminals. The U.S.-led International Counter Ransomware Initiative is making this promise amid a growing...

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Bank Push Payment Scams Now 40% of UK Fraud
Bank Push Payment Scams Now 40% of UK Fraud
October 31, 2023  |  Security & Fraud

Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s...

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Securing the Digital Customer Experience in a Changing World
Securing the Digital Customer Experience in a Changing World
October 31, 2023  |  Security & Fraud

The 21st century’s digital landscape is full of enterprise catch-22s and trade-offs. But one of the biggest may be threading the needle between delivering a...

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