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.

Why More Connectivity Means More Vulnerability for Cross-Border Payments
Why More Connectivity Means More Vulnerability for Cross-Border Payments
December 16, 2024  |  Safety and Security

Today’s interconnected world is, well, increasingly connected. Fundamentally, that means it relies on trust. In the contemporary era dominated by digital payments and financial innovation,...

READ MORE >
FTC Warns of ‘Massive Jump’ in Online Job Scams
FTC Warns of ‘Massive Jump’ in Online Job Scams
December 12, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000...

READ MORE >
AWS and TSYS Say Financial Services’ Shift to the Cloud Includes Responsible Innovation
AWS and TSYS Say Financial Services’ Shift to the Cloud Includes Responsible Innovation
December 12, 2024  |  Innovation

It seems like everything is moving to the cloud — from data to infrastructure — as companies seek to cut costs and scale their operations....

READ MORE >
Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
Featurespace Receives US Patent for AI-Powered Fraud Detection Technology
December 11, 2024  |  Security & Fraud

Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learning...

READ MORE >
Why Payment Choice Can Make or Break Retail’s Holiday Season
Why Payment Choice Can Make or Break Retail’s Holiday Season
December 11, 2024  |  Payment Methods

There are more than a few factors tied to success during the holiday season. To put it mildly, the season is as much about stress...

READ MORE >
Google Cloud and Swift Partner on AI Model Training
Google Cloud and Swift Partner on AI Model Training
December 10, 2024  |  artificial intelligence

Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial...

READ MORE >
Meta Sounds Pre-Holiday Alarm as Scam Incidents Jump 56%
Meta Sounds Pre-Holiday Alarm as Scam Incidents Jump 56%
December 10, 2024  |  Meta

Meta has launched a pre-holiday anti-scam awareness campaign to keep users safe. “Scammers are persistent and try to trick people in a variety of ways...

READ MORE >
Newly Flush With Capital, Challenger Banks Face New Challenges
Newly Flush With Capital, Challenger Banks Face New Challenges
December 10, 2024  |  Security & Fraud

A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks,...

READ MORE >
How Data-Sharing Consortium Approaches Are Beating Back Bank Fraud
How Data-Sharing Consortium Approaches Are Beating Back Bank Fraud
December 10, 2024  |  Security & Fraud

When it comes to fraud prevention, sharing is caring for financial institutions. News broke this month that a cybercriminal gang using Airbnb rentals as mini...

READ MORE >