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.

Two Auditors Implicated In India Fraud Case

Two Auditors Implicated In India Fraud Case
Two Auditors Implicated In India Fraud Case
June 13, 2019  |  Security & Fraud

India has implicated two auditors working with Leasing & Financial Services (IL&FS) with 22 auditing violations that the country called “organized crime,” according to a...

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BNY Mellon’s AI-Based Fraud Detection Initiative
BNY Mellon’s AI-Based Fraud Detection Initiative
June 13, 2019  |  Security & Fraud

With the speed and volume of digital transactions increasing every year, fraudsters have become better at concealing their tracks. Hunting cybercriminals has become much like...

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Deep Dive: Striking A Balance In Digital ID Security
Deep Dive: Striking A Balance In Digital ID Security
June 13, 2019  |  Authentication

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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Mastercard Bets On Biometric Cards To Advance Inclusion
Mastercard Bets On Biometric Cards To Advance Inclusion
June 13, 2019  |  Mastercard

In early May, Mastercard, in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora...

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Online University WGU’s Strategy For Fraud-Free Test-Taking
Online University WGU’s Strategy For Fraud-Free Test-Taking
June 12, 2019  |  Authentication

Online universities have become a popular alternative to a traditional campus experience for their affordability and flexible class schedules. But with tests conducted remotely, how...

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How Overlay Services Add New Opportunities In Open Banking
How Overlay Services Add New Opportunities In Open Banking
June 12, 2019  |  B2B Payments

One year after the rollout of Open Banking in the U.K., researchers have found that a general understanding and awareness of the regulation remains low....

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HSBC Settles Corporate Loan Misselling Dispute
HSBC Settles Corporate Loan Misselling Dispute
June 12, 2019  |  B2B Payments

The U.K. financial institution HSBC has reportedly reached a settlement with a group of companies that claim the bank misled them about the need for...

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‘Human-Proofing’ Marketplace Fraud
‘Human-Proofing’ Marketplace Fraud
June 12, 2019  |  Security & Fraud

Trust is the currency that makes online marketplaces of all shapes and sizes run — but in a world where cybercrime and digital attacks on...

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Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
Patisserie Valerie Ex-Chairman Claims No Knowledge Of Fraud
June 11, 2019  |  B2B Payments

The former chairman of U.K. café chain Patisserie Valerie said he had no idea of any fraud occurring within the business, distancing himself from the...

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