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.

FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization

FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization
April 04, 2024  |  Banking

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. Get...

READ MORE >
CFPB Monitoring Video Games, Virtual Worlds for Consumer Protection Compliance
CFPB Monitoring Video Games, Virtual Worlds for Consumer Protection Compliance
April 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring video games and virtual worlds to ensure their compliance with federal consumer financial protection laws. Get the...

READ MORE >
US: Microsoft Deprioritized Enterprise Cybersecurity, Culture Needs an Overhaul
US: Microsoft Deprioritized Enterprise Cybersecurity, Culture Needs an Overhaul
April 04, 2024  |  Cybersecurity

Digital transformation is no longer just a business strategy — it’s an operating model that nearly the entire global business world is running on. And...

READ MORE >
Amazon Merchants Battle Wave of Bogus Returns
Amazon Merchants Battle Wave of Bogus Returns
April 04, 2024  |  Amazon

The battle against the $101 billion returns fraud problem has reportedly taken a new turn. Get the Full Story Complete the form to unlock this...

READ MORE >
‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
April 04, 2024  |  Fraud Prevention

For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital...

READ MORE >
Online Merchants Say Outsourcing Fraud Prevention Impacts Payments Success
Online Merchants Say Outsourcing Fraud Prevention Impacts Payments Success
April 04, 2024  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
AT&T Breach Demands Vigilance as Fraudsters Leverage ID Data, Says Intellicheck’s Lewis
AT&T Breach Demands Vigilance as Fraudsters Leverage ID Data, Says Intellicheck’s Lewis
April 02, 2024  |  Security & Fraud

The fallout from the massive data breach at AT&T — where information tied to 73 million current and former account holders was leaked — has...

READ MORE >
Bankman-Fried Says He’s ‘Haunted’ by FTX Collapse
Bankman-Fried Says He’s ‘Haunted’ by FTX Collapse
April 01, 2024  |  Legal

“I never thought that what I was doing was illegal.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
April 01, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) said Monday (April 1) that it now has stronger tools to combat scammers who impersonate government agencies and businesses. Get the Full...

READ MORE >