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.

Open Banking, Synthetic ID Fraud, Supplemental Jobless Benefits Top This Week’s News
Open Banking, Synthetic ID Fraud, Supplemental Jobless Benefits Top This Week’s News
July 24, 2020  |  The Weekender

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments...

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Former Twitter Employees: More Than 1K Staffers, Contractors Could Have Hacked Accounts
Former Twitter Employees: More Than 1K Staffers, Contractors Could Have Hacked Accounts
July 24, 2020  |  Security & Fraud

One week after hackers commandeered dozens of high-profile Twitter accounts – including Joe Biden, Kim Kardashian and Barack Obama – former Twitter employees say that...

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New Report: How FIs Are Finding Fraudsters Wherever They May Hide
New Report: How FIs Are Finding Fraudsters Wherever They May Hide
July 24, 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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Helping FIs Answer The Question ‘Who Are You?’
Helping FIs Answer The Question ‘Who Are You?’
July 24, 2020  |  Digital Identity

For Stephen Ritter, the question “Who are you?” has never been more important. Get the Full Story Complete the form to unlock this article and...

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Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain
Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches...
July 23, 2020  |  Bitcoin

YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud, according...

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Feds Eye Payments Processors, Phony Websites Over Fraud
Feds Eye Payments Processors, Phony Websites Over Fraud
July 22, 2020  |  Security & Fraud

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are cracking down on scams known as credit card laundering or transaction laundering,...

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Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks Forensic Investigation Into Collapse
Today In Payments: Mastercard Introduces Sustainable Credit Card; Wirecard Seeks Forensic Investigation Into Collapse
July 22, 2020  |  News

In today’s top news, Mastercard is promoting sustainable credit cards, and Wirecard seeks a forensic investigation into its recently discovered accounting scandal. Plus, Salesforce expanded...

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Three Former Top Wirecard Execs Arrested In Alleged Fraud Scheme
Three Former Top Wirecard Execs Arrested In Alleged Fraud Scheme
July 22, 2020  |  Security & Fraud

Three former top executives of Wirecard AG were arrested Wednesday (July 22) as prosecutors allege they were part of a criminal enterprise to steal billions...

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Radius Bank’s Approach To Collective Intelligence In Fraud Prevention
Radius Bank’s Approach To Collective Intelligence In Fraud Prevention
July 22, 2020  |  Fraud Prevention

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. But to beat highly...

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