Fraud Prevention

Fraud Prevention
Fiserv-Experian Pact Aims to Help Merchants Combat Fraud
May 27, 2026

Experian has teamed with Fiserv to help merchants stem the tide of artificial intelligence (AI)-powered fraud. The collaboration involves the addition of real‑time debit card verification for Experian Link, the company’s payment authentication tool, Experian said in a news release Wednesday (May 27). “As AI...

Fraud Prevention
Revolut’s AI Outperforms Human Reviewers at Detecting Financial Crime
May 27, 2026

For decades, catching financial crime meant hiring more people to review more alerts. Most of those alerts turned out to be nothing. Speaking at Semafor’s Banking on the Future Forum in Washington last week, Revolut U.S. CEO Cetin Duransoy said the FinTech’s AI transaction-monitoring systems...

Fraud Prevention
Apple Says App Store Shut Down 1 Billion Fake Accounts in 2025
May 20, 2026

Apple’s App Store prevented $2.2 billion in fraudulent transactions last year. That’s according to the tech giant’s annual fraud prevention report, issued Wednesday (May 20) and showing that Apple has stopped more than $11.2 billion in fraudulent transactions in the last six years. Apple credits this...

Fraud Prevention
Verizon Report Warns of AI-Fueled Social Engineering Surge
May 19, 2026

Artificial intelligence is changing the economics of cybercrime, giving scammers and fraudsters a faster way to scale attacks that companies already struggle to stop. That is one of the central findings in Verizon’s 2026 Data Breach Investigations Report, which analyzed more than 31,000 real-world security...

Fraud Prevention
AI Fraud Turns Big Companies Into Bigger Targets
May 19, 2026

Conventional wisdom has long held that larger enterprises possess natural advantages in cybersecurity and fraud prevention. Bigger budgets, deeper technical teams and greater access to advanced tooling should theoretically produce stronger defenses. In practice, those scale advantages did produce stronger enterprise cyber and identity defenses....

Fraud Prevention
35% of Firms Delay Embedded Finance Over Fraud Fears
May 14, 2026

Embedded finance is giving businesses a faster way to move money, but its next stage of growth may depend on how well companies build security into the transaction before it begins. That is the central message of “Embedding Security: Designing Fraud Risk Out of Business Transactions,”...

Fraud Prevention
JPMorganChase Funds 7 Organizations to Combat Scammers
May 12, 2026

JPMorganChase is making nearly $14 million in philanthropic investments to support seven organizations that are combating fraud and scams through consumer awareness and real-time prevention. These investments build on the bank’s artificial intelligence-driven defenses, real-time monitoring and rapid incident response by helping build a coordinated...

Fraud Prevention
FTC Sounds Alarm as Imposter Scams Steal $3.5 Billion
May 07, 2026

The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money for unpaid tolls as well as new online friends or love interests who suddenly ask for money. These are two common imposter scams, a type of scam that has been the subject of...

Fraud Prevention
Federal Reserve Steps Up Fight Against Consumer Fraud
May 05, 2026

Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (May 5) that she is raising consumer fraud as a priority issue for the Fed. In a speech delivered at the annual Women in Housing and Finance Symposium in Washington, D.C., Bowman said that...