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: While the rate of suspected fraud dipped to 4.6% recently, the sheer volume of holiday transactions means the absolute number of fraud attempts remains…

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…

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: 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…

Key insight: New rules force receiving banks, or RDFIs, to move from a traditionally passive role to actively monitoring incoming ACH credits for red flags.What’s at…

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…

What’s at stake: On average, U.S. businesses reported losing the equivalent of 9.8% of their revenue to fraud over the past year, a significant increase from…

Key insight: Identity theft victims who file extended fraud alerts often experience significant and persistent improvements in their credit profiles, becoming more creditworthy.What’s at stake: U.S.…