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.

Hackers Scam Consumers By Posing As Health Organizations
Hackers Scam Consumers By Posing As Health Organizations
March 12, 2020  |  Coronavirus

Hackers around the world are taking advantage of coronavirus fears by posing as organizations like the U.S. Centers for Disease Control and Prevention (CDC) and...

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Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For Payments
Today In Payments: Paris Convicts 6 In $50M Impersonation Plot; Wirecard Partners With Klarna For...
March 12, 2020  |  News

In today’s top payments news, in Paris, six men were convicted of an impersonation plot that garnered $50 million, and Wirecard has partnered with Klarna...

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Payment Data From 2019 Volusion Hack Appears On Dark Web
Payment Data From 2019 Volusion Hack Appears On Dark Web
March 12, 2020  |  Security & Fraud

Last year, credit card data was stolen from online stores hosted by eCommerce software, hosting and support company Volusion. Now, that data has appeared for...

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How A Local Lens For Risk Analysis Can Fight Global  Money Laundering  And Fraud
How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud
March 12, 2020  |  AML

Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could...

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Paris Sentences 6 In $50M Impersonation Plot 
Paris Sentences 6 In $50M Impersonation Plot 
March 12, 2020  |  Security & Fraud

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government...

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AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
March 11, 2020  |  Security & Fraud

The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 million in possible U.S. sanction violations,...

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Global Payments: Taking A Localized Approach To Fighting Fraud
Global Payments: Taking A Localized Approach To Fighting Fraud
March 11, 2020  |  AML

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance...

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Fifth Third Bank Sued By CFPB Over Fake Accounts
Fifth Third Bank Sued By CFPB Over Fake Accounts
March 10, 2020  |  Security & Fraud

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in...

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Biometrics: The Key To Overcoming Contactless Payment Limits?
Biometrics: The Key To Overcoming Contactless Payment Limits?
March 10, 2020  |  Authentication

 Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. A recent...

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