AI-powered fraud detection: Time to reach transactional data
Traditional financial services’ fraud detection is focused on — surprise, surprise — detecting fraudulent transactions. And there’s no question that ...
Tag: fraud
How 3 fintechs are using AI to fight fraud
The blistering pace of AI development is creating market opportunities for financial institutions while making them vulnerable to an increasingly ...
Podcast: Preventing wire fraud with automation
Fraudsters found new opportunities in business email compromise scams as bank clients moved assets following the collapse of Silicon Valley ...
Wire fraud up 18% since SVB collapse
The collapse of Silicon Valley Bank opened a door of opportunity for fraudsters to take advantage of bank clients who ...
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 ...
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 ...
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 ...
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 ...
Billionaire’s tech firm to buy BAE fraud-detection arm NetReveal
Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms ...
