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.

McAfee Debuts AI-Powered Scam Detector Tool
McAfee Debuts AI-Powered Scam Detector Tool
January 06, 2025  |  Security & Fraud

McAfee debuted a tool to combat the rising tide of text, email and video scams. The McAfee Scam Detector, announced Monday (Jan. 6) at the...

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Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
January 06, 2025  |  Security & Fraud

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise,...

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The Five Not-So-Obvious Things That Will Change the Digital Economy in 2025
The Five Not-So-Obvious Things That Will Change the Digital Economy in 2025
January 06, 2025  |  Digital Payments

It’s only been for the last 443 years that the start of the new year was celebrated on January 1st.  For millennia before that, it...

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US Sanctions Chinese Government Contractor Employing Flax Typhoon Hackers
US Sanctions Chinese Government Contractor Employing Flax Typhoon Hackers
January 03, 2025  |  Cybersecurity

The United States imposed sanctions on Beijing-based cybersecurity company Integrity Technology Group, which is a People’s Republic of China (PRC) government contractor, saying the company...

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90% of Cyberattacks Originate With Phishing Emails
90% of Cyberattacks Originate With Phishing Emails
January 02, 2025  |  Fraud Attack

Phishing scams targeting corporate executives are reportedly increasing thanks to AI. Companies like eBay and British insurer Beazley have warned about an uptick in fraudulent emails containing personal details,...

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US Bank Division Sees AI and APIs Meeting Customer Expectations
US Bank Division Sees AI and APIs Meeting Customer Expectations
January 02, 2025  |  Payments Innovation

If trust between financial services firms, merchants and consumers is essential for commerce to take place, it’s a fragile bond. There are five main threats...

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FIS Sees CFOs Moving From ‘Hindsight to Foresight’
FIS Sees CFOs Moving From ‘Hindsight to Foresight’
January 02, 2025  |  B2B Payments

As the financial world approaches 2025, shifts in banking and payments are unfolding. In B2B, however, these advances and innovations are running into a speed...

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Trustly CPO: ‘Exciting Time’ For Pay by Bank and Open Banking
Trustly CPO: ‘Exciting Time’ For Pay by Bank and Open Banking
January 02, 2025  |  Payments Innovation

As payments continue to evolve, a trend to watch in 2025 is the adoption of pay-by-bank technology. This burgeoning payment method, rooted in open banking,...

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To Know What’s Next in Payments, First Look Back
To Know What’s Next in Payments, First Look Back
December 31, 2024  |  Payments Innovation

As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play...

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