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.

Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
Survey: Cross-Border B2B Payments Growth Raises Fraud Risk
December 10, 2019  |  B2B Payments

Fraud and data security are quickly climbing to the top of accounts payable (AP) professionals’ list of concerns, according to new data from Levvel Research....

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The Fraud That 85 Percent Of Fraud Detection Systems Miss
The Fraud That 85 Percent Of Fraud Detection Systems Miss
December 10, 2019  |  Security & Fraud

The battle against fraudsters in the digital era has evolved into a never-ending arms race. The tools we use to detect, score and prevent fraud...

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Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
Lawyer Convicted For Stealing $60M From Belgium’s Richest Family
December 09, 2019  |  Security & Fraud

A lawyer on Monday (Dec. 9) was convicted in Swiss court of laundering money and forgery for stealing shares from Belgium’s richest family, according to...

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SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
December 09, 2019  |  Security & Fraud

International Investment Group (IIG), which provides loans to small and medium-sized businesses (SMBs), lost its license after the U.S. Securities and Exchange Commission (SEC) revoked...

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Deep Dive: Countering Involuntary Subscription Churn
Deep Dive: Countering Involuntary Subscription Churn
December 06, 2019  |  Cross-border Payments

Subscribers expect frictionless payment experiences, whether they are accessing videos, music or software as a service (SaaS). Some subscribers may eventually choose to abandon their...

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019  |  Security & Fraud

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the...

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Deep Dive: The Fight To Stop Biometric Spoofing
Deep Dive: The Fight To Stop Biometric Spoofing
December 05, 2019  |  Authentication

Biometric authentication is one of the hottest trends in the digital ID space. Users demand both ironclad security and seamless login experiences, and biometrics are...

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Instart Releases Anti-eSkimming Product ‘Privacy Alert’
Instart Releases Anti-eSkimming Product ‘Privacy Alert’
December 05, 2019  |  Fraud Prevention

Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals scan websites for...

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How ResTech Pioneers Drive Dine-In, Pick Up And Order-Ahead Innovation
How ResTech Pioneers Drive Dine-In, Pick Up And Order-Ahead Innovation
December 03, 2019  |  ResTech

As mobile apps take hold in the quick-service restaurant (QSR) landscape, consumers are ordering their favorite foods for delivery. They are trading the experience of...

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