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 Opens Center to Combat Cybercrime in Europe

Mastercard Opens Center to Combat Cybercrime in Europe
Mastercard Opens Center to Combat Cybercrime in Europe
May 30, 2024  |  Fraud Prevention

Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. Get the Full Story Complete the form to unlock this...

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RBI: Online Payment Fraud in India Surges 400% in a Year
RBI: Online Payment Fraud in India Surges 400% in a Year
May 30, 2024  |  Security & Fraud

According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in...

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Swift Turns to AI to Battle Cross-Border Payment Fraud
Swift Turns to AI to Battle Cross-Border Payment Fraud
May 30, 2024  |  Artificial Intelligence

Swift is partnering with a group of banking giants to combat cross-border payment fraud. Get the Full Story Complete the form to unlock this article...

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Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
Treasury: NFTs ‘Highly Susceptible’ to Fraud and Scams
May 30, 2024  |  Cryptocurrency

The Treasury Department has a warning for NFT fans: use them at your own risk. Get the Full Story Complete the form to unlock this article and...

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Browser ID and ‘Silent Authentication’ Underpin Online Banking Security
Browser ID and ‘Silent Authentication’ Underpin Online Banking Security
May 30, 2024  |  Authentication

With so much focus placed on mobile banking and digital wallets, online transactions are often lost in the mix. While mobile devices have become ubiquitous,...

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Small Businesses Confront Card Fraud Vulnerabilities
Small Businesses Confront Card Fraud Vulnerabilities
May 29, 2024  |  Fraud Prevention

Large enterprises continue to fight all kinds of fraud, from insider threats to payments fraud to social engineering. But small businesses are often overlooked as...

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Treasury Prime and Footprint Team on ID Verification
Treasury Prime and Footprint Team on ID Verification
May 28, 2024  |  Identity

Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. Get the Full Story Complete the form to unlock this...

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Will FinCen’s Customer Identification Program Burden Banks and Consumers?
Will FinCen’s Customer Identification Program Burden Banks and Consumers?
May 24, 2024  |  Regulation

The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. Get the Full...

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FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
FTC: Company Impersonation Scams Cost Consumers Millions of Dollars
May 24, 2024  |  Security & Fraud

The Federal Trade Commission said it has been flooded with reports from consumers who have been taken in by scammers purporting to represent some of today’s leading companies. Get the Full Story Complete...

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