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 CPO Calls for ‘Rethink’ of Payments Technology With Tokenization
Mastercard CPO Calls for ‘Rethink’ of Payments Technology With Tokenization
October 10, 2024  |  Cybersecurity

Among the meteoric rise of payments innovation, tokenization’s widening adoption has been among the most notable. It’s been around for more than a decade, but...

READ MORE >
Prove Identity Says Checkmarks Are Future of ID Verification in the Age of AI
Prove Identity Says Checkmarks Are Future of ID Verification in the Age of AI
October 10, 2024  |  Identity

More than 30 years ago, a cartoon appeared in the New Yorker, now made famous by any number of memes and framed pictures — a...

READ MORE >
64% of SMBs Face Delayed Payments
64% of SMBs Face Delayed Payments
October 10, 2024  |  Accounts Payable

Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of...

READ MORE >
Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
October 09, 2024  |  Authentication

Capital One is offering its AirKey anti-fraud authentication tool to financial institutions. “Fraud is on the rise and costing billions in losses each year, making...

READ MORE >
Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
Federal Agencies Warn Businesses and Consumers About Hurricane-Related Scams
October 09, 2024  |  Security & Fraud

With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to...

READ MORE >
Stripe and Nvidia to Expand Financial Platform’s AI-Powered Features
Stripe and Nvidia to Expand Financial Platform’s AI-Powered Features
October 09, 2024  |  Artificial Intelligence

Stripe and Nvidia expanded their collaboration to enhance Stripe’s artificial intelligence-powered capabilities and enable developers and enterprises to prepay for select Nvidia cloud services. The...

READ MORE >
AI Surge Transforms Finance as Banks, Governance and Trading Evolve
AI Surge Transforms Finance as Banks, Governance and Trading Evolve
October 08, 2024  |  Artificial Intelligence

Artificial intelligence is reshaping finance, with PwC forecasting efficiency gains in banking, FINOS introducing an AI governance framework, and Devexperts bringing AI-powered trading to Discord....

READ MORE >
Government Agencies Investigating Whether Chinese Hackers Targeted US Telecommunications Firms
Government Agencies Investigating Whether Chinese Hackers Targeted US Telecommunications Firms
October 07, 2024  |  Cybersecurity

The National Security Agency (NSA), other government agencies and some companies have reportedly begun investigating the possibility that Chinese hackers have targeted American telecommunications companies. The...

READ MORE >
SE Asia-Based Scam Groups Raked in $37 Billion in 2023
SE Asia-Based Scam Groups Raked in $37 Billion in 2023
October 07, 2024  |  Fraud Attack

Scammers based in Southeast Asia took in up to $37 billion in 2023. These groups are still ramping up their efforts in spite of increased...

READ MORE >