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.

Biometric ID Gains Trust Via Transparency

Biometric ID Gains Trust Via Transparency
Biometric ID Gains Trust Via Transparency
September 15, 2020  |  Authentication

PYMNTS’ research finds that more than 65 percent of consumers used digital channels to open accounts in the past year. That’s not so much a...

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Ernst & Young CEO Expresses Regret Over Wirecard
Ernst & Young CEO Expresses Regret Over Wirecard
September 15, 2020  |  Security & Fraud

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG, the bankrupt German payment company....

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
Report: Digital ID’s Role In Boosting Trust In The Sharing Economy
September 15, 2020  |  Authentication

More than 32 million U.S. consumers move every year, with the major moving season ending in September. Consumers who use storage sharing platforms to stash...

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Bitcoin Daily: CFTC Charges Four In Alleged Crypto Scam; ECB Gets First Collectible Crypto
Bitcoin Daily: CFTC Charges Four In Alleged Crypto Scam; ECB Gets First Collectible Crypto
September 14, 2020  |  Bitcoin

The Commodity Futures Trading Commission filed a complaint in a Texas U.S. District Court against four people for allegedly “fraudulently soliciting funds” from individuals to...

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UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting
September 14, 2020  |  Regulation

The United Kingdom’s financial regulator has closed the book on seven of 14 criminal investigations into the breach of money laundering rules, the Financial Times...

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Uncovering The Lessons In A Third-Party Cyberattack
Uncovering The Lessons In A Third-Party Cyberattack
September 14, 2020  |  B2B Payments

B2B Software-as-a-Service company Blackbaud recently notified its customers that in February of this year it fell victim to a ransomware attack and was not aware...

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Deep Dive: How AI Helps FIs Fight False Chargebacks
Deep Dive: How AI Helps FIs Fight False Chargebacks
September 14, 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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Grab Fined For Privacy Breach For The Fourth Time
Grab Fined For Privacy Breach For The Fourth Time
September 13, 2020  |  Security & Fraud

GrabCar, a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg...

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Philippines Investigates 57 Potential Participants In Wirecard Scandal
Philippines Investigates 57 Potential Participants In Wirecard Scandal
September 11, 2020  |  Security & Fraud

Fifty-seven local and international “persons of interest” who possibly participated in the Wirecard AG scandal are subjects of a probe by government officials in the...

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