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Authorized Push Payment Fraud
Authorized push payment fraud (APP fraud) is a form of fraud in which victims are manipulated into making real-time payments to fraudsters, typically by social engineering attacks involving impersonation An impersonator is someone who imitates or copies the behavior or actions of another. There are many reasons for impersonating someone: *Entertainment: An entertainer impersonates a celebrity, generally for entertainment, and makes fun of .... These authorised frauds can also be related to investment scams where the victim is tricked into sending money for investments that don't exist, and romance scams where the fraudster tricks the victim into thinking they are in a relationship. Until 2019 in the United Kingdom, because the victims of these frauds authorized the payments, albeit mistakenly, they were typically not fully reimbursed by their banks. From May 2019 some victims will receive a refund under the Contingent Reimbursement Model Scheme, a voluntary code on Autho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real-time Payment
Instant payment (sometimes referred to as real-time payment or faster payment) is a method of exchanging money and processing payments, allowing for almost immediate transfer of money between bank accounts, instead of the more typical one to three business days. Many countries have implemented instant payment systems, and many instant payment systems and platforms are currently under development worldwide, due to increased need for faster and reliable transactions. The Euro Retail Payments Board (ERPB) define instant payments as: Background The growth of e-commerce has caused changes in people's spending patterns. Shopping is no longer confined to regular business hours, creating new challenges for funds transfers. Similarly, merchants require faster and more reliable money transfer systems to keep up with consumers' demands. Traditional electronic payments like simple bank transfers, that perform the electronic funds transfer within few business days, are not in line wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Engineering (security)
Social engineering may refer to: * Social engineering (political science), a means of influencing particular attitudes and social behaviors on a large scale * Social engineering (security), obtaining confidential information by manipulating and/or deceiving people and artificial intelligence See also * Cultural engineering * Manufacturing Consent (other) * Mass media * Noble lie * Propaganda * Social dynamics * Social software * Social technology * Urban planning Urban planning, also known as town planning, city planning, regional planning, or rural planning, is a technical and political process that is focused on the development and design of land use and the built environment, including air, water, ... {{disambiguation Social science disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impersonation
An impersonator is someone who imitates or copies the behavior or actions of another. There are many reasons for impersonating someone: *Entertainment: An entertainer impersonates a celebrity, generally for entertainment, and makes fun of their personal lives, recent scandals and known behavior patterns. Especially popular objects of impersonation are Elvis Presley (''see Elvis impersonator''), Michael Jackson (''see Michael Jackson impersonator'') and Madonna (see ''Madonna impersonator''). Entertainers who impersonate multiple celebrities as part of their act, can be sorted into impressionists and celebrity impersonators. Male drag queens have traditionally been called "female impersonators", although this terminology is now considered outdated. Minstrel shows were a popular form of theater in the United States in which white people impersonated black people by wearing blackface makeup and imitating Southern black speech and music. *Crime: As part of a criminal act such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
