The Nigeria Inter-Bank Settlement System (NIBSS) has identified five major fraud techniques that continue to dominate digital payment landscape, warning that fraudulent activities are becoming more ...

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 ...

Online information safety concept. Increasing the quantity of fraud issues. The word Fraud against going up red chart graph. 3D illustration about hacker attacks. American consumers face mounting ...

Check Return Schemes. Criminals will send what they claim is a paycheck or other payment by way of a check where they “overpay.” They ask you to deposit it, then return the “extra” money back before ...

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 ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

A recently unsealed federal indictment in Oklahoma offers a detailed look into an alleged mail theft and check fraud conspiracy, highlighting methods fraudsters are increasingly using across the U.S.

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 ...

Survey of 300 fraud leaders shows rising AI threats and privacy regulations creating a dual crisis Fingerprint, a leader in device intelligence for fraud prevention ...

The financial consequences affect nearly everyone: 99% of organizations report fraud losses from AI-enabled attacks in the past year, with an average of $414,000 per organization. One-third of ...

As we mark UBA Fraud Awareness Week 2025, we renew our commitment to protecting our customers, our bank, and the trust that holds our financial system together. This annual campaign, one of the ...