Finance teams face relentless assaults from malicious entities aiming to breach organizations' payment systems. While this isn’t new, the sophistication of these attacks is proving nearly impossible ...

A method for detecting a fraud attempt in a communication session, comprising: receiving, via at least one processor, a notification indicative of suspicious activity occurring in a communication that ...

Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

HOBOKEN, N.J.--(BUSINESS WIRE)-- NiCE Actimize, a NiCE (NASDAQ: NICE) business, has released the "2025 NiCE Actimize Fraud Insights Report, U.S. Retail Payments Edition," which explores the latest ...

“Each year, millions of elderly Americans fall victim to some type of financial fraud or confidence scheme, including romance, lottery, and sweepstakes scams, to name a few. In committing the fraud, ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to Nick Green, director, Purple Patch Broking, “APP ...

In the fight against fraud, financial institutions are making concerted efforts to weed out vulnerabilities in their customer verification processes. But not all banks and credit unions are wholly ...

North Carolina-based Solid Rock Carriers was hit with $27,000 worth of fuel card fraud in a single day via card skimming. Though the company was able to recoup the money, it had other ramifications ...

DALLAS (KDAF) — PayPal is a giant in online payment processing, making it an appealing target for fraudsters looking for an easy payday. By learning how fraudsters usually operate on PayPal, you can ...