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.

by Tom Nawrocki

September 10, 2024

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

by Wesley Grant

August 22, 2024

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

by Wesley Grant

July 5, 2024

The Consumer Financial Protection Bureau (CFPB) found that once many banks freeze accounts for suspicious activity, it can be difficult ...

Scam A New Frontier of Fraud: Synthetic Identity Fraud

How Financial Scams Are Impacting Different U.S. States

by Josh Einis

August 14, 2023

From sophisticated AI deepfakes to phishing attacks cloaked in emails and text messages, criminals worldwide are increasingly stealing personal information ...