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.

How QSRs Personalize Ordering Experiences With Kiosks
How QSRs Personalize Ordering Experiences With Kiosks
October 04, 2019  |  Today In Data

Taco Bell is among the major restaurant brands that has teamed with delivery service provider Grubhub to reach customers. Beyond its delivery efforts, the company is bringing self-ordering digital kiosks to...

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Deep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud
Deep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud
October 03, 2019  |  Fraud Prevention

Fraudsters are getting increasingly creative when stealing money and data, but many FIs, FinTechs and merchants are still taking established approaches to fraud, reacting to...

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How More FIs Are Playing Offense Against Digital Fraud
How More FIs Are Playing Offense Against Digital Fraud
October 03, 2019  |  Fraud Prevention

This week, Mastercard launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs. This new product is in line with recent...

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How Privacy Guides Virtual Assistants’ Evolution In Corporate Finance
How Privacy Guides Virtual Assistants’ Evolution In Corporate Finance
October 03, 2019  |  B2B Payments

Even just five years ago, Prophix President and Chief Operating Officer Alok Ajmera said talk of using virtual assistants in the workplace seemed more like...

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Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent
Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent
October 03, 2019  |  Mastercard

The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided. The fraud and security teams...

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For Better Banking, Is Consumer Control Actually Key?
For Better Banking, Is Consumer Control Actually Key?
October 03, 2019  |  Digital Banking

Consumers want control — everybody seems to know that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Chase Taps Machine Learning For Proactive Approach To Fraud
Chase Taps Machine Learning For Proactive Approach To Fraud
October 02, 2019  |  Fraud Prevention

Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that fraudsters can easily...

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India’s PMC Bank Accused Of Loan Fraud
India’s PMC Bank Accused Of Loan Fraud
October 01, 2019  |  International

A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report...

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FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years
FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years
October 01, 2019  |  Security & Fraud

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than...

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