Essential Industry Terms Explained

Misrepresentation is a concept of English law, which describes when a party uses misleading statements or facts in negotiations to induce the other party to take certain actions.

A "mobile" is a term used for phones, stemming from the term "mobile phones", which differs from their predecessor, wired or immobile phones. A mobile phone is a portable device whose primary use is...

Mobile device analysis is a branch of digital analysis that refers to the recovery of digital evidence or data from different mobile devices under the analysis of a sound condition. Mobile devices...

Discover how mobile money fraud happens, its impact, and how to protect yourself. Learn about common scams, prevention tips, and the latest stats in this essential guide for safe digital transactions.

Mobile phone fraud is simply any fraud that involves the use of mobile phones. One type of this fraud is call-forwarding fraud, where a fraudster tricks a victim into mistakenly forwarding their...

Discover how money laundering works, its risks, and how businesses can combat it. Learn about common schemes, real-world stats, and effective prevention strategies to protect your organization.

Discover how money mule networks operate, their risks, and how to protect yourself from scams. Learn about real-world use cases, statistics, and effective detection strategies in this comprehensive guide.

Money mule schemes involve individuals, often unknowingly, who transfer illegally obtained funds on behalf of others. These individuals, known as "money mules," are recruited by fraudsters to launder money stolen from businesses...

Discover how Money Services Business (MSB) fraud works, its impact, and the latest trends. Learn practical strategies to detect and prevent MSB fraud in this essential guide for financial professionals.

The term monitoring refers to the observing and checking of the progress or quality of something over a period of time. Monitoring services generally ensure the security and authenticity of something...

Mortgage fraud is a crime in which the fraudster omits information on an application for a mortgage loan to obtain to greater loan than they would likely normally be eligible to recieve.

Mousetrapping is a technique used by websites to keep its visitors on the website for longer, and also to force visitors to engage with their website. It may occur from a website launching pop-up ads...

Discover how multi-bank fraud prevention systems use AI, data sharing, and real-time analysis to help banks detect and stop fraud, ensuring safer financial transactions for institutions and customers.

Discover how Multi-entity Fraud Analysis uses advanced data integration and AI to detect complex fraud schemes across multiple entities, helping businesses stay ahead of evolving threats.

Discover how Multi-factor Authentication (MFA) strengthens account security, key benefits, real-world use cases, and tips for easy adoption—your essential guide to safer digital experiences!

Discover how multi-layered fraud prevention combines identity checks, transaction monitoring, and AI to protect businesses from evolving threats—ensuring security, compliance, and customer trust.

Learn how multi-party fraud works, why it’s so hard to detect, and what organizations can do to prevent it. Discover recent trends, real-world examples, and proven defense strategies.

Multichannel merchanting describes the process of trying to sell products to both current and potential users through a variety of channels.

Discover how NYDFS Part 504 strengthens anti-money laundering compliance for financial institutions, its key requirements, recent stats, challenges, and solutions to ensure robust financial security.

Near-Field Communication, also known as NFC, is the set of communication protocols that allow two electronic devices to share information with one another based on their proximity to each other. NFC...

Discover how the network effect boosts the value of products and services as more people join, driving growth, innovation, and security across social media, marketplaces, and digital platforms.

Discover how Network Intelligence enhances performance, security, and fraud prevention by turning real-time network data into actionable insights—essential for today’s digital businesses.

A neural network is a progression of algorithms that attempt to copy the manner in which the human cerebrum works in order to draw connections between different pieces of information. Neural systems...

Discover how neural networks detect unusual patterns and prevent fraud in real time. Learn key steps, use cases, and recent stats about AI-powered anomaly detection in finance, cybersecurity, and more.

Discover how Neural Network Fraud Scoring uses AI to detect and prevent fraud in real time, improving accuracy and reducing false positives for businesses across industries.

Discover how fraudsters use stolen or fake identities to open new accounts, the impact on businesses, and the latest prevention strategies in this essential guide to New Account Fraud.

Discover how non-face-to-face transaction fraud impacts online shopping, the latest trends, and effective strategies to protect consumers and businesses in the digital age. Learn how to stay secure online!

Discover how non-face-to-face transaction fraud impacts online shopping, the latest trends, and effective strategies to protect consumers and businesses in the digital age. Learn how to stay secure online!

Learn how nonprofit financial fraud occurs, its impact, and how organizations can prevent it. Discover key prevention strategies, real-world examples, and tools to protect nonprofit integrity.

Discover how nonrepudiation secures digital transactions by ensuring authenticity and accountability through encryption and digital signatures—crucial for trust in online communications and commerce.

Discover how the OECD Anti-Bribery Convention promotes fair global business by fighting corruption and setting international standards for ethical conduct. Learn its impact, challenges, and compliance tips.

Discover what OFAC regulations are, why they matter, and how businesses can ensure compliance with U.S. sanctions. Stay informed on key rules, challenges, and real-world applications in this helpful guide.

Omnichannel is a cross-channel content approach that companies use to improve their user experience. Instead of working in comparable communication channels, communication channels and their support...

Discover how omnichannel fraud exploits multiple platforms—online, mobile, and in-store—and learn strategies to protect your business and customers from evolving, coordinated fraud threats.

On-premises software (also known as on-premise, and shortened "on-prem") is implemented and activates on computers on the premises of the individual or company using the software, rather than at a...

Discover what onboarding fraud is, how it threatens businesses, and the latest tech solutions to prevent it. Stay informed and protect your organization with expert insights and actionable tips.

Discover how One-time Passcode (OTP) interception works, its risks to account security, and practical tips to protect yourself from phishing, SIM swapping, and other modern authentication threats.

One-time Password is a password that is valid for only one login session or transaction, on a computer system or other digital device. This means that a potential intruder who manages to record an...

Discover how online marketplace fraud works, its impact on buyers and sellers, and practical tips to stay safe while shopping or selling on platforms like eBay and Amazon. Stay informed and protected!

Open Authorization, sometimes called OAuth, is an open standard for access allocation, usually used as a method for Internet users to give websites or applications access to their information on...

OpenID is an open standard and decentralized authentication protocol in which a user can create their own account by selecting an open ID identity provider, then after that, this account can be used...

Discover how the orchestration layer streamlines systems integration, automates workflows, and boosts efficiency—vital for fraud prevention, compliance, and modern business operations. Read more!

Out of band authentication (OOBA) is a term for a process where authentication requires two different signals from two different networks or channels. These kinds of more sophisticated authentication...

Discover how P2P payment fraud works, common scams, and prevention tips. Learn how to protect your money and spot fraud on platforms like Venmo, PayPal, Cash App, and Zelle.

Discover the essentials of PCI DSS Compliance—why it matters, its challenges, benefits, and use cases—plus the latest updates and how businesses can ensure secure payment processing.

Discover how pagejacking threatens websites by copying pages to steal traffic and data. Learn about risks, real-world use cases, and how to protect your business from this evolving cyber threat.

A pass-along rate represents the percentage of people who pass on a message or file. Indeed, pass-along rates are a measure of word-of-mouth marketing. Objects typically passed include email...

In a passive authentication scenario a user is directed to a login page, and after logging in, the site directs the user back to the URL and allow the user to be authenticated on that site. The...

Discover how password spraying attacks threaten businesses, key sectors targeted, recent trends, and practical tips to strengthen your security against this growing cyber threat. Read more to stay protected!

PayPal Holdings, Inc. is an American company that operates a universal online payment method that supports online money transfers. It also serves as an electrical substitute for the usual paper-based...

Payable fraud, also known as AP fraud, is among the most ubiquitous and damaging of frauds that affect businesses of all sizes. It's also among the easiest frauds to perpetrate, since most of the...

Paying personal expenses refers to the expenses of an individual that are not related to business or investment purposes. Personal expenses are not deductible unless specifically allowed under the...

Payment Application Data Security Standard (PA-DSS) is a set of requirements that are intended to help software vendors to develop secure payment applications that support PCI DSS compliance.

Discover how payment fraud happens, its impact, and the latest trends. Learn practical tips to protect yourself and your business from evolving threats in today’s digital payment landscape.

Discover how payment gateways power secure online shopping, support multiple payment methods, and protect against fraud—plus key stats and tips for choosing the right solution for your business.

Discover how payment gateway spoofing threatens businesses and consumers, the latest fraud trends, and practical steps to protect your transactions in our comprehensive guide. Stay informed and secure!

Discover how Payment Orchestration streamlines payments, boosts security, and enhances customer experience for businesses of all sizes. Learn key benefits, use cases, and the latest industry trends.

Discover how PSD2 is transforming digital payments in Europe—enhancing security, enabling open banking, and empowering consumers with greater control over their financial data. Read more inside!

Curious about payment thresholds? Learn how minimum payout limits work, their benefits, challenges, and real-world uses to better manage your earnings and protect against fraud. Start understanding today!

What is Payment Verification? Payment verification is a crucial process that helps safeguard financial transactions from fraudulent activities. It involves the thorough examination and validation of...

Learn how to spot, prevent, and respond to PayPal fraud. Discover key scams, protection tips, recent stats, and how advanced tools like FraudNet can safeguard your transactions. Stay secure online!

Payroll Fraud is a category of accounting fraud typically carried out by people who have access to employee information, their incomes or their wages. Companies that have not applied the accurate...

Learn what PCI Compliance is, why it matters, its key requirements, challenges, and how it protects payment data—plus FAQs and how FraudNet can help your business stay secure and compliant.

Discover what PCI DSS is, why it matters for payment security, key compliance challenges, recent trends, and how businesses can protect cardholder data in today's digital world. Start learning now!

Discover how peer-to-peer lending fraud threatens online lending platforms, the risks for lenders and borrowers, and ways to stay protected in this essential guide to P2P lending security.

Discover how personas—fictional user profiles based on real data—guide design, marketing, and fraud prevention to create user-focused solutions and enhance business strategies.

Personal Details Compromise, also known as a data breach, is the planned or unplanned relief of protected or confidential data in an unreliable environment. Other types of this occurrence include...

Personal Information can be described as any accurate or personal information, whether documented or not, about a recognizable person. Personal Information can include name, e-mail, address,...

Personally identifiable information is any data that could potentially identify a specific individual. Any information that can be used to distinguish one person from another and can be used for...

Discover what phantom debt is, how scammers use it, its impact on victims, and practical tips to spot and protect yourself from these fake debt schemes in our in-depth guide.

Discover how Phantom Merchant Fraud works, the tactics scammers use, and ways businesses and consumers can protect themselves from these sophisticated fake merchant schemes. Learn more in our latest blog!

Pharming is a cyber-attack aimed at exchanging traffic from an official website to a different website. The second website is usually a copy of the original, designed to gather personal information...

Discover how pharming attacks redirect users to fake websites to steal sensitive data, their impact on businesses, and key strategies to protect yourself and your organization from these threats.

Discover how phishing scams work, their impact, and key strategies to stay protected. Learn about common tactics, real-world examples, and the latest trends in digital security.

Learn how phishing and pharming threaten digital security, explore real-world examples, discover the latest attack statistics, and get practical tips to protect yourself and your business.

Discover what phishing kits are, how they work, their impact on cybersecurity, and learn practical tips to protect yourself and your business from these evolving threats in our easy-to-read guide.

Phishing schemes involve getting a user to enter a website and input their personal information for the fraudster to then steal and take advantage of. This website often times emulates the design of...

Discover how phone porting fraud works, its risks, and ways to protect yourself from SIM swap scams targeting your accounts. Learn prevention tips and the latest statistics in our comprehensive guide.

Discover how phone verification enhances security, prevents fraud, and streamlines online authentication for businesses and users. Learn key benefits, challenges, and future trends in this essential guide.

Discover what plagiarism is, its ethical and academic impact, real-world examples, and how to prevent it. Learn how AI and tools like FraudNet can help protect originality and integrity.

Discover what a platform is, how it powers modern technology, and its vital role in fraud prevention. Learn about software, hardware, and cloud platforms, plus real-world use cases and key statistics.

P2PE, or point-to-point encryption, refers to all the processes and tools involved in protecting different online procedures and actions throughout all steps of the process. It is usually provided by...

Learn how Point-of-Sale (POS) fraud targets payment systems, the latest attack methods, and essential tips to protect your business and customers from financial and reputational harm. Discover prevention strategies!

Discover how policy monitoring ensures compliance and effectiveness, the key steps involved, real-world use cases, and how tools like FraudNet can help organizations stay ahead of compliance challenges.

Discover what policy violations are, why they matter, real-world examples, recent stats, and how advanced tools like FraudNet help organizations stay compliant and secure. Learn more inside!

Learn how PEP screening protects businesses from financial crime by identifying high-risk political figures, ensuring regulatory compliance, and maintaining trust in today’s evolving financial landscape.

Discover how predictive analytics leverages AI and data to identify, assess, and prioritize risks—empowering smarter decisions and stronger fraud prevention across industries. Read more inside!

Discover how predictive fraud analytics uses data science to detect and prevent fraud before it happens, boosting security and efficiency for businesses across industries.

Discover how prepaid card abuse happens, its risks, and the latest prevention strategies to protect your finances and identity from fraud. Learn more about safeguarding your prepaid card use.

Discover what privacy means, why it matters, real-world use cases, recent statistics, and practical tips to protect your personal data in today’s digital world—all in this essential guide.

Discover the risks, real-world examples, and prevention strategies for unauthorized payroll processing—learn how to protect your business from costly payroll fraud and compliance issues.

Discover the essentials of proofing in baking and identity verification. Learn how proper proofing enhances dough, prevents fraud, and improves security across industries in this informative guide.

Discover how proxy piercing can boost connection speed and reduce latency, its benefits for fraud detection, and key considerations for safe, secure use in today’s digital landscape.

Discover how fraudsters use proxy servers to mask their identities online, the risks this poses to businesses, and effective strategies to detect and prevent proxy server fraud. Learn more inside!

A purchase amount filter is a technology, method, or practice that allows e-commerce website hosts to identify or prevent scams that occur with ease by setting up limitations on the amount of a...

A pyramid scheme is a fraudulent business model where an initial group of people recruit others to join their company, but charge them an upfront-fee in order to become an employee, and then urges...