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.
Defending Against the Scam-Filled Fallout From Digital Disruptions
Defending Against the Scam-Filled Fallout From Digital Disruptions
July 31, 2024  |  Security & Fraud

Fraudsters are drawn to compromised digital ecosystem like ants to a picnic. Bad news for companies creates opportunities for criminals — with disruptions like the...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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WTO Countries Sign Global eCommerce Agreement That Would Ban Tariffs
WTO Countries Sign Global eCommerce Agreement That Would Ban Tariffs
July 28, 2024  |  eCommerce

Several dozen World Trade Organization (WTO) countries have signed a sweeping agreement governing global eCommerce. The agreement, adopted Friday (July 26), is the first-ever set...

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UK Crime Agency, Banks Cooperate to Identify Organized Crime
UK Crime Agency, Banks Cooperate to Identify Organized Crime
July 26, 2024  |  Security & Fraud

The United Kingdom’s National Crime Agency (NCA) and seven U.K. banks are working together to identify and take action against organized crime. In this public-private...

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FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
July 26, 2024  |  Fintech Investments

Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid...

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Crisis as Catalyst: What AT&T, CrowdStrike Incidents Say About Recovery Best Practices
Crisis as Catalyst: What AT&T, CrowdStrike Incidents Say About Recovery Best Practices
July 24, 2024  |  Connected Economy

Never let a crisis go to waste, as the adage goes. And when it comes to cybersecurity best practices and procedures, recent digital disruptions —...

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Mastercard Doubles Fraud Detection Rate With Generative AI
Mastercard Doubles Fraud Detection Rate With Generative AI
July 24, 2024  |  Security & Fraud

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that...

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Featurespace and OrboGraph Team to Combat Check Fraud
Featurespace and OrboGraph Team to Combat Check Fraud
July 23, 2024  |  Fraud Prevention

Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting...

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Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
July 23, 2024  |  Fraud Prevention

Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure...

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