Fraud involving the initiation, alteration, interception, or repudiation of a financial transaction. Detection typically combines account history, identity, device, behavioral, beneficiary, and payment-rail signals.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.