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.

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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Clothing Trade Group: Amazon’s France, India Sites Rampant With Counterfeiting
Clothing Trade Group: Amazon’s France, India Sites Rampant With Counterfeiting
October 01, 2019  |  Amazon

The American Apparel & Footwear Association (AAFA) recently wrote a letter to the U.S. Trade Representative (USTR) asking it to add Amazon’s France and India...

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Amazon’s New Anti-Fraud Program Helps Sellers Avoid Counterfeits
Amazon’s New Anti-Fraud Program Helps Sellers Avoid Counterfeits
October 01, 2019  |  Security & Fraud

In its ongoing efforts to prevent fraud on its site, on Tuesday (Oct. 1) Amazon announced a new program to help sellers make sure their...

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Could DoorDash Data Breach Stoke Mobile Ordering Fears?
Could DoorDash Data Breach Stoke Mobile Ordering Fears?
October 01, 2019  |  Security & Fraud

Another day, another data breach – at least it seems that way sometimes. The latest involves DoorDash, and reportedly impacted around 4.9 million consumers, delivery...

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Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum
Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum
October 01, 2019  |  Fraud Prevention

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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Top News In Payments: House Raises Antitrust Concerns Over Google’s Internet Plans, Nasdaq Moves To Limit Chinese IPOs
Top News In Payments: House Raises Antitrust Concerns Over Google’s Internet Plans, Nasdaq Moves To...
September 30, 2019  |  News

House Raises Antitrust Concerns Over Google’s New Internet Plans Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Are Online Resale Sites Rife With Counterfeits?
Are Online Resale Sites Rife With Counterfeits?
September 30, 2019  |  Retail

Counterfeiting is stereotypically the domain of luxury goods, where fraudsters dupe unsuspecting shoppers into buying fake handbags, accessories or beauty products. But as with the...

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