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.

Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
February 27, 2024  |  Security & Fraud

Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing...

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Digital Commerce Demands Multifactor Approach to ID Verification
Digital Commerce Demands Multifactor Approach to ID Verification
February 27, 2024  |  Authentication

Lisa McFarland, executive vice president and chief product officer at Ingo Payments, told PYMNTS that authentication across digital channels requires a multi-pronged approach. Get the...

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LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
LoanDepot Says 16.9 Million Customers Impacted by January Data Breach
February 26, 2024  |  Security & Fraud

LoanDepot said Friday (Feb. 23) that a data breach that impacted the company in January affected 16.9 million customers. Get the Full Story Complete the...

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OCC Head Concerned About Bank-FinTech Collaboration
OCC Head Concerned About Bank-FinTech Collaboration
February 26, 2024  |  Banking

Michael Hsu, CEO and acting comptroller of the currency for the Office of the Comptroller of the Currency (OCC), recently reiterated his agency’s commitment to...

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New Attack Vectors Require Cyber Hygiene and End-User Education in Authentication War
New Attack Vectors Require Cyber Hygiene and End-User Education in Authentication War
February 26, 2024  |  Authentication

Today’s financial fraudsters are more sophisticated, more agile, and more online than ever. Get the Full Story Complete the form to unlock this article and...

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Synchrony Says KYC Will Determine Authentication’s Future
Synchrony Says KYC Will Determine Authentication’s Future
February 26, 2024  |  Authentication

Authentication in the payments space is continuously evolving. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Change Healthcare Expects Cyberattack Disruption to Last Through Friday
Change Healthcare Expects Cyberattack Disruption to Last Through Friday
February 23, 2024  |  Security & Fraud

UnitedHealth Group’s Change Healthcare continues to work to restore systems and resume normal operations after a cyberattack. Get the Full Story Complete the form to...

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Bottomline Updates Insider Fraud Prevention Tool
Bottomline Updates Insider Fraud Prevention Tool
February 22, 2024  |  Fraud Prevention

Business payments company Bottomline has debuted an updated fraud prevention kit. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Get the Full Story Complete the form to unlock this article and enjoy...

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