Survey: Financial institutions losing millions to AI-powered fraud
Slightly more than half of financial institutions said in a recent survey that they had lost between $5 million and ...
Slightly more than half of financial institutions said in a recent survey that they had lost between $5 million and ...
It can feel like the AI landscape changes every day with new uses and regulations
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
FinCEN, in coordination with the U.S. State Department, issued a notice to financial institutions on fraud schemes related to the ...
A new U.K. regulation requiring banks to reimburse customers for losses resulting from push payment fraud “deserves greater discussion and ...
Financial institutions should expand and strengthen their risk management and cybersecurity practices to account for AI systems’ advanced and novel ...
ABA and the U.S. Postal Inspection Service announced a new joint initiative to combat the rapid rise in check fraud.
For starters, the transition from daily batch payments processing to real-time workflows will require improved infrastructure.
More than two out of three consumers list good fraud protection as a top priority when choosing a new financial ...
Weak identity authentication and verification protocols can result in compromised online accounts and diminished information security.
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