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.

US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
June 16, 2020  |  Security & Fraud

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy...

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Deep Dive: The Importance Of Fighting Fake Restaurant Reviews And Social Media Fraud
Deep Dive: The Importance Of Fighting Fake Restaurant Reviews And Social Media Fraud
June 16, 2020  |  Mobile Order Ahead

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 Data: Why 75 Pct Of Consumers Want More From Card Apps Than They’re Getting
New Data: Why 75 Pct Of Consumers Want More From Card Apps Than They’re Getting
June 16, 2020  |  Mobile Applications

Banks are well aware that they must do more these days than simply provide their debit and credit card holders with monthly account statements. Just...

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Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case
Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case
June 14, 2020  |  Bitcoin

Xapo, a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the...

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Suit Filed Against Merchant Cash Advance Companies For Fraud
Suit Filed Against Merchant Cash Advance Companies For Fraud
June 14, 2020  |  B2B Payments

Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to...

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Fraud, Global Payments Catch B2B VC Attention
Fraud, Global Payments Catch B2B VC Attention
June 12, 2020  |  B2B Payments

As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture...

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FTC Releases State Data Of COVID-19 Related Consumer Complaints
FTC Releases State Data Of COVID-19 Related Consumer Complaints
June 12, 2020  |  Security & Fraud

Fraud was the top complaint related to coronavirus logged by the Federal Trade Commission (FTC), according to new reports released on the organization’s website. Get...

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FBI Issues Warning To Bank Mobile App Users 
FBI Issues Warning To Bank Mobile App Users 
June 12, 2020  |  Digital Banking

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to...

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