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.

NICE Actimize Adds Agentic AI to Financial Crime Prevention Platform
NICE Actimize Adds Agentic AI to Financial Crime Prevention Platform
April 02, 2025  |  Artificial Intelligence

NICE Actimize added agentic AI capabilities to X-Sight ActOne, the company’s platform for fraud and financial crime prevention. Available through X-Sight ActOne’s InvestigateAI, the agentic...

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UK Banks Agree to Improve Data-Sharing in Anti-Fraud Battle
UK Banks Agree to Improve Data-Sharing in Anti-Fraud Battle
March 31, 2025  |  Fraud Prevention

British banks, tech companies and telecoms are reportedly pledging to increase their data-sharing on fraud. This pledge, as the Financial Times (FT) reported Monday (March 31), comes...

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Jason Blackhurst to Succeed Featurespace CEO Martina King After Visa Acquisition
Jason Blackhurst to Succeed Featurespace CEO Martina King After Visa Acquisition
March 31, 2025  |  Personnel

Featurespace, a provider of global fraud and financial crime solutions, announced a leadership change following its acquisition by Visa. CEO Martina King will retire and...

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Trump Exec Order Puts Paper Checks on Borrowed Time, but Data Hurdles Loom Large
Trump Exec Order Puts Paper Checks on Borrowed Time, but Data Hurdles Loom Large
March 31, 2025  |  Monday Meetup

By now, President Donald Trump’s executive order to modernize how the federal government handles treasury disbursements is old news. The move, dubbed by some as...

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Frank Founder Charlie Javice Convicted of $175 Million Fraud
Frank Founder Charlie Javice Convicted of $175 Million Fraud
March 30, 2025  |  Legal

Startup founder Charlie Javice has been convicted of defrauding JPMorgan Chase by misleading the bank about her customer base. A federal jury in Manhattan on...

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Google Suspends Account of Advertiser That Distributed Malware
Google Suspends Account of Advertiser That Distributed Malware
March 28, 2025  |  Google

Google reportedly suspended the account of an advertiser that was placing sponsored Google ads that pretended to offer access to DeepSeek but actually delivered malware. The criminal’s...

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Fraud Uncertainty Climbs to 28%, Disrupting Operations for Mid-Market Firms
Fraud Uncertainty Climbs to 28%, Disrupting Operations for Mid-Market Firms
March 28, 2025  |  Security & Fraud

There is a growing concern for middle-market firms in the United States, and it surrounds fraud and risk management. The PYMNTS Intelligence report “Fraud Risk...

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64% of Credit Unions Plan to Offer Biometrics Authentication
64% of Credit Unions Plan to Offer Biometrics Authentication
March 27, 2025  |  Credit Unions

As is the case with any entity, banks’ relationship with their end customers is only as strong as the trust that exists between the two,...

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Burbank Raises $6 Million to Tackle Online Fraud and Chargebacks
Burbank Raises $6 Million to Tackle Online Fraud and Chargebacks
March 26, 2025  |  Payment Methods

Welsh FinTech Burbank has raised $6 million to bring “tap and PIN” payments online. The company’s funding round, announced Tuesday (March 25) on its LinkedIn...

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