Fraud
Fraud
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Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from transactions that have the characteristics of known fraud schemes.
August 26 -
Here's what industry experts have to say about a risk that a housing regulator has spotlighted through referrals that have led to high-level allegations.
August 25 -
The Federal Open Market Committee member is the third Democrat the Trump administration has accused of committing occupancy fraud.
August 20 -
Markel O'Neal Calhoun, a former Regions Bank employee, has been barred from ever working in the industry again after embezzling $17,981, according to the Federal Reserve.
August 19 -
The pandemic-era program yielded over $60 billion in fraudulent payments, with prosecutions expected for another five years.
August 19 -
The scams are becoming increasingly harder to detect, as fraudsters mimic authentic communications from banks.
August 13 -
The plea marks the beginning of the end of the case over the $50 billion collapse in May 2022 of stablecoin TerraUSD.
August 12 -
Theft of paper checks and their use in identity theft constitute a major blind spot in the private sector's fraud detection networks. Banks and regulators need to come together to find solutions.
August 12 -
Federal Trade Commission data shows scam losses for adults 60+ have skyrocketed, with banks under pressure to strengthen protections.
August 11 -
Last year, scammers tricked 11,000 people — many elderly — to send them money through ATMs for Bitcoin and other crypto. The payments are often irreversible.
August 5 -
Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.
August 1 -
A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
July 30 -
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
July 30 -
First-party fraud — customers claiming they never made a transaction when they know full well they did — is a growing problem for banks. An emerging host of vendors including Socure are offering machine learning models that detect this.
July 24 -
Complaints to the Consumer Financial Protection Bureau have skyrocketed in the first half of 2025, due in part to an increase in payment scams generated by social media that target peer-to-peer payment platforms such as Zelle, Venmo and other apps.
July 23 -
American Banker's Frictionless Fraud report finds not all institutions are well assured their customer verification tools can keep up with new schemes.
July 23 -
Sam Altman, the founder and CEO of OpenAI, said the rapidly growing capabilities of AI are rendering many of banks' fraud prevention measures useless and warned of an "impending fraud crisis" if banks don't update their processes.
July 22 -
Texting a password recovery link to a customer presents the risk of someone else taking over the account. Researchers found this happens somewhat frequently.
July 18 -
To reverse the trend in payments fraud, regulators and the private sector must work together to expand how we define verification. It must be a dynamic, intelligence-driven process embedded at every point of the payment journey.
July 18 -
New research from American Banker finds that card and check fraud has gotten more problematic for bankers over time.
July 16






















