The impact of fraud on a business can be swift and severe. Several payments companies have partnered with or acquired companies to help them deal...
With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...
As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention...
Transactions have moved more digital, changing the fraud landscape. Financial institutions (FIs) have made real progress in holding off fraudsters attempting to exploit the digital...
The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade...
The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former CEO of Heartland Tri-State Bank who was convicted of embezzlement,...
A new breed of autonomous artificial intelligence called agents is taking over customer service and operations at major companies, making decisions that, until recently, required...
Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect...
Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being...