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.

Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
Combating ATOs With Multifactor Authentication, Behaviors Analysis And Customer Education
July 10, 2020  |  Fraud Prevention

Much has been said about the viability of biometrics for guarding against bad actors, but financial institutions (FIs) cannot simply assume that all of their...

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Punjab National Bank Faces Third Major Fraud In As Many Years 
Punjab National Bank Faces Third Major Fraud In As Many Years 
July 10, 2020  |  Security & Fraud

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The...

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New Report: Why Taco Bell Says Personalization Is The Key To Acing The Mobile Order Ahead Experience
New Report: Why Taco Bell Says Personalization Is The Key To Acing The Mobile Order...
July 10, 2020  |  Mobile Order Ahead

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and...

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Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement
Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address,...
July 09, 2020  |  Bitcoin

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported....

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Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
July 09, 2020  |  Security & Fraud

Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of...

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Irish Police Raid Wirecard’s Dublin Offices 
Irish Police Raid Wirecard’s Dublin Offices 
July 09, 2020  |  News

The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland. Get the Full Story Complete the form to unlock this...

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Deep Dive: How Overlapping Regulations And Fraud Risks Complicate SMBs’ B2B Cross-Border Payments
Deep Dive: How Overlapping Regulations And Fraud Risks Complicate SMBs’ B2B Cross-Border Payments
July 09, 2020  |  Smarter Payments

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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New Report: Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud
New Report: Why FIs Are Taking A Behind-The-Scenes Approach To Fighting Fraud
July 09, 2020  |  Fraud Prevention

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising...

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How Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions
How Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions
July 08, 2020  |  Artificial Intelligence

Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems,...

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