For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do...
FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. The collaboration employs the FIS SecurLOCK card fraud management solution to spot and prevent fraudulent transactions, according to...
Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. Delphia and Global Predictions have agreed to settle charges by the Securities and...
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part...
Federal regulators have reportedly recorded a jump in AI-related scam ads on social media. The Federal Trade Commission (FTC) has seen a sharp rise in complaints in...
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...
While we were all watching online fraud, social engineering and ransomware, an old school financial crime tactic is rearing its ugly head. Counterfeit banknotes are...
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like...
UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on...