Tag: Synthetic Identity

Criminals are increasingly aware of the signals banks use to identify “good customers”—and they are using that knowledge to evade ...

Accounts payable (AP) and accounts receivable (AR) teams are facing a new generation of fraud. Artificial intelligence now enables criminals ...

Know Your Customer rules were designed to stop financial crime, but in practice, they are increasingly being bypassed by both ...

A consumer reviews their credit card statement, notices a fraudulent charge, and initiates a dispute. Ideally, the issuer or merchant ...

As fraud becomes more prevalent and organized, the need for an overarching solution to identify fraud patterns has grown. However, ...

Identity theft is becoming an increasingly serious problem in auto lending, with fraud rates surpassing those seen in credit card ...

In January, hackers launched a cyberattack on what might seem an unlikely target: PowerSchool, a provider of student systems for ...

What’s Santa bringing down the chimney this holiday season? Lots of presents that were bought with alternative payment methods. An ...

Banks allocate significant resources to fighting fraud, both in prevention and in maintaining reserves for potential losses. No matter how ...

Economic conditions have a way of shaking up the marketplace and the ability of e-commerce to produce goods and services ...