The U.S. payments industry does not lack fraud data. It lacks agreement about what that data means. The Accredited Standards Committee X9’s new Payment Fraud...
Fraud is growing more pervasive, more adaptive and harder to contain. Financial institutions are responding by reworking how detection, prevention and customer protection are built...
Fraudsters are borrowing from growth marketers’ playbooks. They’re segmenting, personalizing and timing their outreach to lure more victims in less time. A new PYMNTS Intelligence...
Bank fraud in India nearly tripled during 2024, according to the country’s central bank. In its annual report Thursday (May 29), the Reserve Bank of India (RBI)...
Criminals are “flooding” Facebook and Instagram with bogus ads and marketplace listings, fueling what The Wall Street Journal calls an “epidemic of scams” that is...
Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government”...
Faster payments means faster fraud, at least that’s the fear. FedNow® Service’s debut a year and a half ago, and traction gaining across The Clearing...
The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it...