PYMNTS-MonitorEdge-May-2024

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.

Card Fraud Spike Alters Grocery Store Gift Card Policy
Card Fraud Spike Alters Grocery Store Gift Card Policy
April 21, 2016  |  Security & Fraud

A Washington, D.C.-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to...

READ MORE >
Electronics Retailer Seeing (And Fighting) Increasing Number Of Fraud Attacks
Electronics Retailer Seeing (And Fighting) Increasing Number Of Fraud Attacks
April 20, 2016  |  Fraud Prevention

Everyone said that fraud would move online in the U.S. post-EMV—and we now have proof that it has. A new report by PYMNTS and Forter...

READ MORE >
ATM Hacks Spike 546 Percent In 2015
ATM Hacks Spike 546 Percent In 2015
April 11, 2016  |  Security & Fraud

The growth in compromised ATM incidences continued unabated through the past year, FICO noted on Friday (April 8), with the total number of ATMs being hit...

READ MORE >
FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
FTC Returns $596K in ‘Phantom’ Payday Loan Scheme
April 07, 2016  |  Security & Fraud

The Federal Trade Commission said on Wednesday (April 6) that it would be mailing more than 1,700 checks — totaling more than $596,000 — to consumers who...

READ MORE >
Ex-State Street Execs Charged In Defrauding Scheme
Ex-State Street Execs Charged In Defrauding Scheme
April 06, 2016  |  Security & Fraud

The Justice Department said on Tuesday (April 5) that two executives of State Street, a Boston financial services firm — among the largest asset managers globally,...

READ MORE >
Senators Scuffle Over CFPB’s Payday Lending Regulations
Senators Scuffle Over CFPB’s Payday Lending Regulations
April 06, 2016  |  CFPB

In a bit of jousting just before the Consumer Financial Protection Bureau is slated to present a semiannual report to Congress, senators on both sides...

READ MORE >
Trump Hotels Reportedly Breached
Trump Hotels Reportedly Breached
April 05, 2016  |  Security & Fraud

Will there be a wall to keep out the data breaches? Amid primaries and nonstop media coverage, one Trump is proving victim to cyberattacks, perhaps,...

READ MORE >