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.

Flight Attendants Charged With Money Laundering In Miami
Flight Attendants Charged With Money Laundering In Miami
October 23, 2019  |  Security & Fraud

Four flight attendants for American Airlines were arrested and charged with money laundering after police seized $22,671 between them at Miami International Airport on Monday...

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FTC Settles With Sunday Riley Over Fake Sephora Reviews
FTC Settles With Sunday Riley Over Fake Sephora Reviews
October 22, 2019  |  Retail

Sunday Riley has settled with the FTC over an accusation that it posted fake customer reviews on the Sephora site. Get the Full Story Complete...

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Bitcoin’s Murky Trail Across Dark Web Gets Some Light
Bitcoin’s Murky Trail Across Dark Web Gets Some Light
October 18, 2019  |  Cryptocurrency

Proponents of cryptos tout anonymity, the fact that digital coin transactions are hard to trace, and that blockchain allows for transactions to occur pretty much...

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FATF Warns Crypto Could Hamper AML Efforts
FATF Warns Crypto Could Hamper AML Efforts
October 18, 2019  |  Cryptocurrency

The Financial Action Task Force (FATF) said it is worried about “stablecoins,” like Facebook’s Libra, and how they could be used for illicit purposes. Get...

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Edible Barcodes Turn Sights On Counterfeit Goods
Edible Barcodes Turn Sights On Counterfeit Goods
October 17, 2019  |  Security & Fraud

As the global digital economy grows, and consumers buy more items from their mobile and other web-connected devices, a problem grows along with that. We...

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Video App Snaptube Charges For Fake Purchases, Runs Invisible Ads
Video App Snaptube Charges For Fake Purchases, Runs Invisible Ads
October 17, 2019  |  Security & Fraud

An Android video app called Snaptube has been taking unauthorized premium purchases from its users and generating fraudulent ad clicks. Get the Full Story Complete...

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AML Compliance Controls Can Be Costly
AML Compliance Controls Can Be Costly
October 16, 2019  |  Digital Banking

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in financial institutions, many of which are scrambling to keep fraudsters out...

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Bringing Autonomous Smart Shuttles To the Masses
Bringing Autonomous Smart Shuttles To the Masses
October 16, 2019  |  Intelligence of Things

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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White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web
White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web
October 15, 2019  |  Security & Fraud

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday...

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