New Federal Trade Commission (FTC) data shows consumers reporting more than $12.5 billion in fraud losses last year. That number marks a 25% increase over...
The payments landscape is more sophisticated than ever, but so are fraudsters. With financial institutions (FIs) deploying artificial intelligence (AI), machine learning (ML) and other...
As cyber threats become more sophisticated, chief operating officers (COOs) are turning to generative AI (GenAI) to enhance data security. According to a PYMNTS Intelligence...
Fraud prevention software firm Riskified is reportedly exploring a sale and other options. The firm has received takeover interest and is reviewing those approaches from...
Socure has introduced a new tool designed to combat repeat first-party fraud. The new Identity Manipulation Risk Score, which is now embedded within Sigma First-Party Fraud,...
Credit unions (CUs) have long prided themselves on being the “people’s bank” — local, personal and rooted in trust. But guess what? That makes them...
Payroll and payments platform Papaya Global has launched a partnership with verification and compliance solutions provider Sumsub. The collaboration will see Sumsub offer Papaya artificial intelligence (AI)-powered fraud...
Scams against banks and their customers have exploded. Fraudsters pull at human nature in a bid to gain access to accounts and drain them —...