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.

Ex-State Department Employee Sentenced For Cyberhacking Scheme
Ex-State Department Employee Sentenced For Cyberhacking Scheme
March 22, 2016  |  Security & Fraud

The Justice Department reported Monday (March 21) that a former State Department employee was sentenced to 57 months in prison, punishment for an international email...

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Oberthur Research Finds 80% Want This Credit Card Security Feature
Oberthur Research Finds 80% Want This Credit Card Security Feature
March 18, 2016  |  Security & Fraud

Embedded digital security company Oberthur Technologies released on Thursday (March 17) the results of a survey showing that 80 percent of respondents would be more likely...

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FTC Nabs Brokers For Selling Consumers’ Bank Credentials
FTC Nabs Brokers For Selling Consumers’ Bank Credentials
March 10, 2016  |  Security & Fraud

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions...

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Debt Collection Tops ID Theft On FTC Complaint List
Debt Collection Tops ID Theft On FTC Complaint List
March 02, 2016  |  Security & Fraud

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams...

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Onboarding New Customers Without The Fraud Risk
Onboarding New Customers Without The Fraud Risk
March 02, 2016  |  Security & Fraud

Offering online services comes with the challenge of ensuring one's customers are precisely who they say they are. The process of verifying and validating individuals’...

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Signifyd Raises $20M To Tackle Online Merchant Chargebacks
Signifyd Raises $20M To Tackle Online Merchant Chargebacks
February 26, 2016  |  Security & Fraud

Signifyd, the California-based startup that provides fraud protection to businesses in the eCommerce space, announced Thursday (Feb. 25) that it closed a $20 million Series B...

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How To Stop Chargebacks (Before They Happen)
How To Stop Chargebacks (Before They Happen)
February 25, 2016  |  Security & Fraud

Merchants, what if someone told you that there was a way to stop chargebacks for good? Well, listen up, since that’s what Andrew Mathieson, TSYS...

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