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.

Payroll Fraud Could Cost KeyCorp $90M

Payroll Fraud Could Cost KeyCorp $90M
Payroll Fraud Could Cost KeyCorp $90M
July 16, 2019  |  Security & Fraud

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by...

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New Tool Allows UK Facebook Users To Report Ad Scams
New Tool Allows UK Facebook Users To Report Ad Scams
July 16, 2019  |  Security & Fraud

Facebook has launched a tool for U.K. users to report suspicious ads that they suspect of being scams. Get the Full Story Complete the form...

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Can AI Help Fix A Broken AML System?
Can AI Help Fix A Broken AML System?
July 16, 2019  |  Innovation

Criminals are not the only elements that can vex financial institutions when it comes to protecting against money laundering. False positives — instances of potential...

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Why Digital Platforms Will Be The Bridge To The Omnichannel Future 
Why Digital Platforms Will Be The Bridge To The Omnichannel Future 
July 16, 2019  |  Commerce

When people talk about omnichannel as a concept, they are usually referring to the classic retail use case: The customer buys something online and then...

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In Australia, Card (And Other Payments) Fraud Is Big Business
In Australia, Card (And Other Payments) Fraud Is Big Business
July 15, 2019  |  B2B Payments

Attacks on Australia’s government — including payments fraud — have been on the rise, scoring, cumulatively, tens of millions of dollars.  Elsewhere, individual cases of...

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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud
Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For...
July 14, 2019  |  Cryptocurrency

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Design...

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Fighting Crypto’s $1.2B+ Fraud Problem
Fighting Crypto’s $1.2B+ Fraud Problem
July 12, 2019  |  AML

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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