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.

Small Banks Brace for Big Bills in Open Banking Reset

Small Banks Brace for Big Bills in Open Banking Reset
Small Banks Brace for Big Bills in Open Banking Reset
August 22, 2025  |  Bank Regulation

With the Consumer Financial Protection Bureau reopening its open banking rule under Section 1033, the central questions over who pays for what data and how...

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Mastercard, Alloy Join Forces to Fight Fraud
Mastercard, Alloy Join Forces to Fight Fraud
August 20, 2025  |  Partnerships

Mastercard launched a partnership with identity and fraud prevention platform provider Alloy. The collaboration will see the companies develop a solution for banks and FinTechs...

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Incode Acquires AuthenticID for AI-Driven Fraud
Incode Acquires AuthenticID for AI-Driven Fraud
August 19, 2025  |  Partnerships

Identity solutions firm Incode Technologies is acquiring fraud detection provider AuthenticID. The deal, according to a Tuesday (Aug. 19) news release, is aimed at tapping into a digital identity market...

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Workday Discloses Data Breach Involving Third-Party CRM Platform
Workday Discloses Data Breach Involving Third-Party CRM Platform
August 18, 2025  |  Cybersecurity

Human resources and finance platform Workday suffered a data breach in which fraudsters accessed some information from its third-party customer relationship management (CRM) platform. The...

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FinTechs Confront Escalating Fraud as Losses Soar 65%
FinTechs Confront Escalating Fraud as Losses Soar 65%
August 15, 2025  |  Fraud Prevention

With the rise of agentic AI, identity verification is more important than ever. Distinguishing legitimate transactions from increasingly sophisticated fraud attempts places FinTech companies, with...

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US Health Dept Says UnitedHealth Hack Impacted 192.7 Million Consumers’ Data
US Health Dept Says UnitedHealth Hack Impacted 192.7 Million Consumers’ Data
August 14, 2025  |  Cybersecurity

According to new data from the U.S. Department of Health and Human Services, UnitedHealth Group’s data breach last year affected the personal information of 192.7...

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Compliance Gaps Expose B2B Payments to Escalating Cyber Threats
Compliance Gaps Expose B2B Payments to Escalating Cyber Threats
August 14, 2025  |  B2B Payments

Watch more: Legacy Compliance Gaps Expose B2B Payments to Escalating Cyber Threats Fraud in the B2B payments space has gone from the occasional operational hiccup...

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Riskified and HUMAN Partner to Prevent Fraud by AI Shopping Agents
Riskified and HUMAN Partner to Prevent Fraud by AI Shopping Agents
August 13, 2025  |  Fraud Prevention

Riskified and HUMAN Security have partnered to help merchants prevent fraud and abuse when dealing with artificial intelligence (AI) shopping agents. This collaboration brings together HUMAN...

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