Fraud targeting seniors is on the rise for a number of reasons. Because seniors often have more free time and are more socially isolated, they are more inclined to respond to calls, e-mails or ...

Globally, regulators are waking up to the threat of synthetic identity fraud. In the U.S., the Federal Reserve has highlighted synthetic identities as the fastest-growing type of financial crime.

The scale of fraud appears massive, yet federal prosecutors must continue to pursue these cases. Lawmakers must make sure they have the resources to do so.

According to the CFPB, Zelle, launched in 2017, has become a target for fraudsters due to its inadequate identity verification methods and lack of robust fraud detection measures. The financial ...

Fraud is now the leading crime committed against seniors in Canada. Today’s scammers are taking advantage of new technological tools that make their schemes both more credible, and harder to detect.