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.

Black Market Demand Fuels Mobile ID Fraud
Black Market Demand Fuels Mobile ID Fraud
December 15, 2015  |  Security & Fraud

The demand for U.S. smartphones on the black market overseas is at an all-time high. According to law enforcement officials, criminals are using new fraud...

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TransUnion Acquires eCommerce Fraud Company
TransUnion Acquires eCommerce Fraud Company
December 11, 2015  |  Acquiring

In an effort to expand its fraud and identity management offerings, global credit and information management solutions provider TransUnion closed on the $44 million acquisition...

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Fraudsters Move At The Speed Of Consumers
Fraudsters Move At The Speed Of Consumers
December 09, 2015  |  In Depth

A recent white paper by IDology finds that in the wake of EMV, fraudsters are looking for new avenues to exploit – particularly over mobile...

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China Shuts Down $64B Illegal Transaction Operation
China Shuts Down $64B Illegal Transaction Operation
November 23, 2015  |  International

Late last week China confirmed it cracked down on an “underground bank” that was responsible for moving nearly 410 billion yuan ($64 billion) in illegal...

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eBay Enterprise Exposes Retail Holiday Fraud Vulnerabilities
eBay Enterprise Exposes Retail Holiday Fraud Vulnerabilities
November 19, 2015  |  Security & Fraud

Fraud experts at eBay Enterprise released the results of the omnichannel commerce provider’s Holiday Fraud Index, which shows that criminals are evolving the methods in...

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CFPB Cracks Down On Another Online Lender
CFPB Cracks Down On Another Online Lender
November 19, 2015  |  News

The Consumer Financial Protection Bureau has taken action against Integrity Advance, an online lender, and James R. Carnes, the chief executive officer of the firm....

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Fraud Forecast Increases For Online Holiday Shopping
Fraud Forecast Increases For Online Holiday Shopping
November 18, 2015  |  Mobile Commerce

The holiday shopping season may see growth in the gift that no one wants and which keeps on giving — fraud. New research from ACI...

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