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...
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...
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...
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...
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....
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,”...
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...
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...
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...