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.

Bitcoin Daily: US Looks To Confiscate Almost $400M In OneCoin Case; ‘Crypto-Friendly’ Neo-Bank Cashaa Notches $5M
Bitcoin Daily: US Looks To Confiscate Almost $400M In OneCoin Case; ‘Crypto-Friendly’ Neo-Bank Cashaa Notches...
September 02, 2020  |  Bitcoin

The U.S. Department of Justice is looking for the seizure of nearly $400 million as part of the sentence of defendant Mark S. Scott, according...

READ MORE >
Germany’s Trading Exchange Manager Seeks To Call Out Rule-Breaking Companies
Germany’s Trading Exchange Manager Seeks To Call Out Rule-Breaking Companies
September 02, 2020  |  Security & Fraud

Deutsche Boerse, Germany’s exchange manager for trading shares and other securities, is seeking Parliament’s approval to “name and shame” companies in the wake of the Wirecard AG scandal,...

READ MORE >
How Financial Crime Is Being Thwarted By AI, ML
How Financial Crime Is Being Thwarted By AI, ML
September 02, 2020  |  Security & Fraud

Despite the fact that they prevent over $22 billion in cybertheft annually, financial institutions (FIs) are seeing fraud attack volumes soar as cyberthieves look for...

READ MORE >
Deep Dive: How CFOs Can Take Proactive Approaches To Cybersecurity
Deep Dive: How CFOs Can Take Proactive Approaches To Cybersecurity
September 02, 2020  |  CFO

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
The Impact Of The Consumer’s Digital Shift To Convenience On Fraud
The Impact Of The Consumer’s Digital Shift To Convenience On Fraud
September 02, 2020  |  eCommerce

Consumer habits have shifted markedly to digital channels in the pandemic’s wake. Ordering online to grab food, groceries or clothes was a necessity at first, since...

READ MORE >
Today In Payments: Walmart Debts $12.95 Membership, SEC Eyes Probe of Robinhood
Today In Payments: Walmart Debts $12.95 Membership, SEC Eyes Probe of Robinhood
September 01, 2020  |  News

In today’s top news, Walmart debuts its membership program, Walmart+, and the U.S. Securities and Exchange Commission (SEC) is eying a probe of Robinhood over...

READ MORE >
Deep Dive: How AI and ML Improve Fraud Detection Rates And Reduce False Positives
Deep Dive: How AI and ML Improve Fraud Detection Rates And Reduce False Positives
September 01, 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....

READ MORE >
How AP Teams Can Protect Independent Contractor Payouts From Fraud
How AP Teams Can Protect Independent Contractor Payouts From Fraud
September 01, 2020  |  CFO

For language-services providers, working with a wide network of translators isn't without its challenges. Invoices too often get duplicated and take a bite out of...

READ MORE >
Visa Takes Aim At Unemployment Insurance Fraud
Visa Takes Aim At Unemployment Insurance Fraud
September 01, 2020  |  Security & Fraud

At the intersection of government assistance, vulnerable populations and digital payments … the fraudsters lie in wait. Get the Full Story Complete the form to...

READ MORE >