Financial institutions and digital-native businesses face not just more fraud, but smarter fraud that requires smarter ...

Fraud rings these days themselves use AI to orchestrate complex scams, using deepfake imagery, voice cloning, and ...

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.

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 ...

In addition, 13% of online orders now include signs of address manipulation, a tactic that attempts to evade machine learning models’ ability to recognize addresses with a history of fraud.

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 ...

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.

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.