FRAUD PREVENTION
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Is your fraud risk assessment intended to fail?
I was told early in my career: “People commit fraud, not internal control.” So if we were to have a…
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Fintech's losses soar 65% in the face of escalating fraud
With the rise of proxy AI, authentication is more important than ever. Distinguishing legitimate transactions from increasingly complex fraud attempts,…
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Risk human companions prevent AI shopping agent fraud
Cooperation with risks and human security to help merchants prevent fraud and abuse when dealing with artificial intelligence (AI) shopping…
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New York sues Zell for failing to prevent fraud
Zelle operator early warning services are being prosecuted by New York State Attorney General Letitia James, who claims the company…
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Commbank adds scam detection tool to identity protection app
Australian bank Commbank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crimes…
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Fraud is in line with fraud gaps that destroy two-thirds of issuers
As the threat of fraud becomes more complex and regulatory scrutiny, financial institutions are under pressure to strengthen their defense…
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PayPal adds scam detection to payments to friends and family
Paypal has introduced a scam prevention tool for Paypal and Venmo friends and family payments. “The aim is to proactively…
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Whether our professional guidance provides adequate guidance for effective fraud risk management
This will be the summer challenging our industry’s guidance on fraud risk assessments. As you know, last month we asked…
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Visa and functional space bring fraud fights to new arenas
In today’s war against financial fraud, the battlefield is developing faster than ever, as artificial intelligence (AI) facilitates both sides…
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Legislators ask banks for P2P payments, social media scam
Three members of Congress said on Thursday (July 3) they sent a letter to each bank that owns the Zelle…
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