PPP fraud risk could run to billions
Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the ...
Tag: fraud and anti-fraud
Weekly Wrap: FICO fights fraud with selfies, as tech providers pitch ‘social’ banking
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 15, 2019. In ...
FICO fights fraud through selfie-based authentication tools
The identity verification process for financial institutions just got easier thanks to two new digital identity tools FICO rolled out ...
How FICO is using AI to attack payments fraud
As fraudsters get more sophisticated, credit bureaus are sharpening their tools to detect and curtail fraudulent transactions. It's a concern ...
Hackers Try Smaller Amounts Three Years After $100 Million Heist
Three years after hackers managed to siphon off more than $100 million from the Bangladeshi central bank’s account in the ...
Israeli Startup Riskified is Said to Seek $200 Million Funding
Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, ...
Major U.K. Bank Has Signed on to Use Clinc’s Latest Fraud Tool
Clinc, a conversational AI company, has signed a deal with a major U.K. bank to use its new AI-based fraud ...
Germany Bans New Wirecard Short Sales in Unprecedented Move
Germany’s financial regulator took the unprecedented step of temporarily banning short sales of Wirecard AG shares following reports of suspicious ...
Wirecard Loses $8.3 Billion in Three Days on Fraud Allegations
Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found ...
Fed Study: Noncash Payments Fraud Outpacing Growth Overall
Noncash payments fraud in the U.S. outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve ...
