financial scams

Banks Face Fraud Spike As Scams Stress Legacy Systems

Banks Face Fraud Spike As Scams Stress Legacy Systems
Banks Face Fraud Spike As Scams Stress Legacy Systems
December 04, 2025  |  Fraud Prevention

The “2025 State of Fraud and Financial Crime in the United States” report, a PYMNTS Intelligence report commissioned by Block, reveals that the financial industry...

READ MORE >
Financial Scams Are the New Customer-Churn Crisis for Banks
Financial Scams Are the New Customer-Churn Crisis for Banks
November 10, 2025  |  Fraud Prevention

“Financial Scams and Consumer Trust,” a PYMNTS Intelligence report commissioned by Block, examines how the rise of digital scams is undermining the confidence powering everyday...

READ MORE >
GenAI Fuels New Wave of Sophisticated Financial Fraud
GenAI Fuels New Wave of Sophisticated Financial Fraud
April 16, 2025  |  Fraud Prevention

Fraud is getting more sophisticated, thanks to artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
Behavioral Analytics Inject ‘Smart Friction’ Into Battle Against Scams and Payments Fraud
Behavioral Analytics Inject ‘Smart Friction’ Into Battle Against Scams and Payments Fraud
March 05, 2025  |  Fraud Prevention

Scams against banks and their customers have exploded. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

READ MORE >
30% of US Consumers Fall Victim to Financial Scams
30% of US Consumers Fall Victim to Financial Scams
February 27, 2025  |  Security & Fraud

Financial scams have become more sophisticated, targeting individuals through personalized and strategic methods. Scammers are using tools from legitimate businesses to make their scams appear...

READ MORE >
Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

READ MORE >
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

READ MORE >
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
August 22, 2023  |  Security & Fraud

Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals...

READ MORE >
Financial Scams Against UK Consumers, Biz Up 16 Pct
Financial Scams Against UK Consumers, Biz Up 16 Pct
March 21, 2019  |  Security & Fraud

Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. Get the Full Story Complete the form to...

READ MORE >