The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."

Fraud sophistication, transaction velocity and regulatory expectations require a new approach. AI is at the center of it..

A federal judge let fraud claims against Meta proceed, finding its AI ad tools may have helped build ads that impersonated a Bank of America executive.

The Dutch payment processor says that overall declines in payments crime obscure a broader danger as the threat migrates to hard-to-spot consumer uses and AI.

Payment experts detail where banks are falling short in combating AI-driven crimes.

The suit tests an unusual theory: that a borrower's lawyer crossed from representing a client into joining a $145 million fraud.

Cheungkin Lam fed customers' account details to a crew that drained their balances, including $417,300 from one account that TD had to repay.

Joseph Sanberg was handed a 168-month prison sentence for two counts of wire fraud after the celebrity-backed ecofintech collapsed last year.

Regulators pushed banks toward multifactor authentication. A new phishing-as-a-service kit, flagged by the FBI, is built to slip right past it.

New research suggests customers are willing to accept some friction in exchange for more robust fraud controls.

The card brand says advanced artificial intelligence is making it easier for crooks to trick consumers, but the technology also allows banks to fight back.

Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.

As Americans lose more money to scams every year, the nation's largest bank has made a major investment in anti-fraud efforts.

An April 20 bankruptcy filing accuses Kfir Gavrieli of recruiting friends, family and his synagogue to sign sham contracts that inflated Aspiration's revenue.

The case exposes a systemic risk for banks: incident-response and ransomware-negotiation firms receive sensitive breach details that a corrupted insider can sell back to the attackers.

New York extracted $5 million and a broker registration from Uphold over its promotion of CredEarn, a yield product whose issuer collapsed in 2020.

U.S. banks must navigate conflicting signals as Iran's crypto toll demands and rising pig butchering scams exploit the same stablecoin and correspondent banking rails.

The bank-owned fintech has been under immense pressure to do more to combat fraud and scams on its peer-to-peer network, and is hoping to bring more public visibility to what the company says has always been its historical backbone.

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.