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.

Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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....

READ MORE >