Browsing: fraud

Key insight: Passive, real-time call fraud scoring reduced fraud exposure and improved member experience for MSUFCU.Expert quote: Fraud strategist Frank McKenna said humans can’t reliably detect…

Key insight: Tricolor CEO Daniel Chu, COO David Goodgame were arrested Tuesday for allegedly defrauding nine banks and financial institutions. The auto lender’s CFO Jerome Kollar…

South_agency | E+ | Getty ImagesFor older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by…

Supporting data: Since January 2025, the FBI has logged over 5,100 complaints of account takeover fraud, resulting in losses exceeding $262 million.What’s at stake: A recent…

Key insight: The indictment claims CEO Danny Seibel manipulated the packets he prepared for First National’s board and loan committee to conceal problem loans and excessive…

Key insight: The conspiracy relied on a “recruitment hierarchy” involving a Truist branch employee to force transactions through and a USPS worker to steal check data…

Key insight: Haiqu developed a new technique to encode high-dimensional data (over 500 features) onto just 128 qubits, overcoming a major data processing hurdle for classical…

The financial services industry is relying on outdated methods of detecting and fighting fraud. With the assistance of artificial intelligence, criminals are penetrating vulnerable systems. It’s…

Key insight: The lawsuit challenges BofA’s use of automated fraud filters and its decision not to issue EMV chip cards for the benefits, highlighting liability risks…

Sopa Images | Lightrocket | Getty ImagesWestern Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said…