By The Numbers: BNPL fraud attempts jump 211% YoY
Cyberattacks are on the rise, with attempted payment fraud in the buy now, pay later segment seeing a 211% year-over-year ...
Tag: fraud and anti-fraud
How to fight growing ACH fraud
The automated clearing house payment system reaches all U.S. bank accounts and is an extremely cost-effective way to move money. ...
Denial-of-service attacks rise, raising concerns for banks
Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to ...
Credit unions look to Eltropy to curb call center fraud
Credit unions and community banks are looking to digital communications platform Eltropy to strengthen call center authentication and ultimately reduce ...
A 29-year-old’s alleged fraud has stained Jamie Dimon’s acquisition spree
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has spent the past year reassuring analysts and investors that the ...
Listen: How FIs can combat synthetic identity fraud
Synthetic identity fraud remains a constant challenge for banks, with a growing number of fraudsters attacking demand deposit accounts since ...
Banks employ bots to fight rising fraud, compliance risks
Financial fraud is big business for cybercriminals, with the Federal Trade Commission (FTC) estimating that $5.8 billion was lost to ...
Simmons Bank leverages ID verification solution
One of the first banks to leverage a new secure ID validation process for digital account opening from core provider ...
ComplyAdvantage, Resistant AI launch fraud solution
Regtech company ComplyAdvantage has teamed up with anti-fraud fintech Resistant AI on a solution that alerts financial institutions to patterns ...
Equifax to acquire post-transaction fraud solution Midigator
Equifax announced today its plans to acquire fraud solution Midigator to enhance its digital identity and fraud prevention capabilities as ...
