Browsing: fraud

Key insight: Preferred Bank has moved a $115 million block of loans, which are backed by multifamily and commercial real estate properties, to nonaccrual status.What’s at…

The founders of Fortress Real Developments have been sentenced to five years in prison following their conviction in one of Ontario’s most high-profile syndicated mortgage investment…

Key insight: Dechanta Benning established a shell company and used mobile deposit technology to cash stolen checks, a methodology becoming standard for fraudsters.Supporting data: The American…

Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social media to deposit worthless checks.Expert quote:…

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…