FinCEN touts nearly $2B in interdicted funds related to cybercrime
FinCEN's Rapid Response Program has facilitated the interdiction of over $268 million in stolen funds on behalf of U.S. victims ...
Tag: Fraud
ABA Foundation testifies on protecting older Americans from financial exploitation
During a Senate hearing, the ABA Foundation outlined the critical role banks play in protecting older Americans from fraud and ...
ABA, state associations: SCAM Act will reduce consumer fraud losses
Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses ...
AARP survey finds widespread concern about fraud
Nearly four in 10 U.S. adults say they have been victims of fraud, while many more say they worry about ...
FCC proposes stronger penalties on voice service providers for KYC failures
The FCC is seeking to impose stronger “know your customer” requirements on voice service providers that originate calls, as part ...
ABA Fraudcast: Big tech’s ad business is fueling a scam ecosystem
Why accountability, ad transparency and KYC rules could begin to rein in platform-enabled fraud.
FBI: Cybercrime losses increased 26% in 2025
Americans lost nearly $20.9 billion to cybercrime last year, representing a 26% surge from the year before, as scammers increasingly ...
From controls to care: a human‑centered fraud policy framework
Most fraud programs are designed around systems. But scams succeed because they are fundamentally psychological.
ABA commends FCC enforcement action targeting bank impersonation calls
ABA commended the FCC for proposing to impose a forfeiture on U.S. voice service provider Voxbeam Telecommunications for transmitting foreign-originated ...
Cybersecurity, fraud top list of risk concerns among bank boards, executives
Cybersecurity and fraud are the top two risks that worry bank board members and executives in 2026, with concern about ...
