Amid Payments Innovations, Check Fraud Remains a Threat to Financial Institutions
There have been stunning breakthroughs in the payments space over the past few years, and many businesses and financial institutions ...
Tag: Bank Fraud
Explore articles on bank fraud, examining its effects on financial security for consumers and institutions. Discover strategies, technologies, and regulatory measures designed to detect, prevent, and address fraudulent activities, ensuring greater trust and resilience in the banking industry.
Study Finds Increase in Ransomware Attacks in the U.S.
Ransomware is a worldwide phenomenon, with some of the most dangerous malefactors coming from regions like Russia. Unsurprisingly, many cybercriminals ...
Kansas Pig Butchering Scam Proves Even Financial Professionals Can Be Manipulated
The former CEO of a Kansas bank embezzled millions from the organization and wired the funds to criminals in a ...
Accounts Often Frozen for Weeks on Fraud False Positives, Says CFPB
The Consumer Financial Protection Bureau (CFPB) found that once many banks freeze accounts for suspicious activity, it can be difficult ...
How Financial Scams Are Impacting Different U.S. States
From sophisticated AI deepfakes to phishing attacks cloaked in emails and text messages, criminals worldwide are increasingly stealing personal information ...
UK’s Payments Regulator Sets New Rules to Protect Victims of Online Bank Fraud
In a move aimed at combating the rising tide of authorized push payment (APP) fraud, Britain's Payment Systems Regulator (PSR) ...
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