FRAUD PREVENTION
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Risk experts tell Congressional banks need to unify fraud
With the help of advanced technology, fraudsters pose a universal and escalating threat to the financial system, financial services and…
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Financial leaders warn against giving AI 51% stake in decision-making
Financial institutions have long regarded customer data as proprietary assets, but the new PYMNTS report says: “With fraud and find…
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Auditors understand the obligations of fraud schemes
New IIA (Internal Audit Institute) Global Internal Audit Standards will focus on internal auditors actively assessing and mitigating the risk…
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Delegate to add Mastercard insights to the authentication platform
The combination provides intelligent pre-screening, the company said in a Tuesday (September 9) press release on Tuesday (September 9) that…
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SEC launches working group to prevent fraud against investors
The SEC is working to combat cross-border fraud against U.S. investors. A new cross-border working group announced by the Securities…
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Fincen encourages financial institutions to share information
The Financial Crime Law Enforcement Network (FINCEN) released a guide Friday (September 5) that aims to encourage appropriate voluntary sharing…
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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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