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.

Torq Raises $140 Million for Agentic AI-Powered Cybersecurity Platform
Torq Raises $140 Million for Agentic AI-Powered Cybersecurity Platform
January 12, 2026  |  Investments

Torq raised $140 million in a Series D funding round to accelerate the adoption of its security operations center (SOC) platform for global enterprises and...

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Treasury Fraud Probe Seeks Info From Minnesota Money Transmitters
Treasury Fraud Probe Seeks Info From Minnesota Money Transmitters
January 11, 2026  |  Cybersecurity

The U.S. Treasury is investigating what it calls “rampant benefits fraud” in Minnesota. As part of this effort, the department’s Financial Crimes Enforcement Network (FinCEN)...

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Shared Signals Are Helping Banks Stop Fraud Sooner
Shared Signals Are Helping Banks Stop Fraud Sooner
January 09, 2026  |  Cybersecurity

The goal for financial institutions isn’t to keep pace with the artificial intelligence-driven evolution of fraud. It’s to outpace it. The PYMNTS Intelligence report “2025...

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Block and PayPal Say Scams Are Now an Industry
Block and PayPal Say Scams Are Now an Industry
January 06, 2026  |  Cybersecurity

Watch more: Live Roundtable with Block’s Brian Boates, Paypal’s Dave Szuchman and FTA’s Angelena Bradfield The contours of the modern scam economy are becoming clear....

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47% of Merchants Say False Declines Cost Them Sales
47% of Merchants Say False Declines Cost Them Sales
January 06, 2026  |  Fraud Prevention

Merchants are discovering that fraud is no longer a problem they can solve at checkout alone. It is a systems challenge that runs through every...

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Why Peak Retail No Longer Ends on Christmas Day
Why Peak Retail No Longer Ends on Christmas Day
January 02, 2026  |  Retail

The day after Christmas used to mark the end of peak season. For many retailers in 2025, it marks the start of a second peak,...

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JPMorgan Fights Paying ‘Unconscionable’ Legal Fees for Frank Founder
JPMorgan Fights Paying ‘Unconscionable’ Legal Fees for Frank Founder
December 31, 2025  |  Legal & Regulation

Startup founder Charlie Javice was sentenced to prison in September for defrauding JPMorgan. The legal battle around her trial, however, is still going on, as Bloomberg...

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Bitcoin ATMs Become ‘Preferred Method of Payment for Scammers’
Bitcoin ATMs Become ‘Preferred Method of Payment for Scammers’
December 30, 2025  |  Cryptocurrency

Scams involving bitcoin ATMs reportedly took $333.5 million from Americans from January through November, up from about $250 million in 2024. Fraudulent transactions using cryptocurrency...

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AI Turns Accounts Payable Into a Strategic Control Point
AI Turns Accounts Payable Into a Strategic Control Point
December 30, 2025  |  Accounts Payable

The corporate back office is undergoing a renovation, and accounts payable is at its center. For decades, AP has lived in the shadows of corporate...

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