fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

IMF Says AI Can Win Fraud Fight if Banks Start Sharing Data

IMF Says AI Can Win Fraud Fight if Banks Start Sharing Data
IMF Says AI Can Win Fraud Fight if Banks Start Sharing Data
April 15, 2026  |  Fraud Prevention

In today’s interconnected financial system, digital vulnerabilities do not remain localized. They propagate. Fraudsters now operate with the speed, scale and coordination of multinational enterprises,...

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Banks Face Complex Cyber Risks From Anthropic’s Mythos
Banks Face Complex Cyber Risks From Anthropic’s Mythos
April 13, 2026  |  Cybersecurity

Anthropic’s new artificial intelligence (AI) model Mythos poses a significant threat to the banking industry, as it could expose legacy systems to “unprecedented cyber risks,”...

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Kraken Reports Criminal Extortion Attempt Involving Insider Recruitment
Kraken Reports Criminal Extortion Attempt Involving Insider Recruitment
April 13, 2026  |  Cybersecurity

Global digital asset exchange Kraken is being extorted by a criminal group that is threatening to release videos of the company’s internal systems with client data shown...

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Embedded Payments Make Fraud Harder to See and Faster to Hit
Embedded Payments Make Fraud Harder to See and Faster to Hit
April 13, 2026  |  Fraud Prevention

Watch more: Need to Know With WEX’s Eric Frankovic Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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68% of Banks Increase Fraud Defense Spending as Account Takeovers Spike
68% of Banks Increase Fraud Defense Spending as Account Takeovers Spike
April 09, 2026  |  Fraud Prevention

Banks are learning that fraud defense is no longer just about stopping losses after the fact. The bigger shift in the latest data is that...

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FBI Flags $893 Million in AI-Driven Scams
FBI Flags $893 Million in AI-Driven Scams
April 07, 2026  |  Security & Fraud

The FBI’s Internet Crime Complaint Center (IC3) received 22,364 internet crime complaints that contained references to artificial intelligence (AI) in 2025. Get the Full Story...

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FCC Alleges Voxbeam Enabled Bank Impersonation Robocalls
FCC Alleges Voxbeam Enabled Bank Impersonation Robocalls
April 06, 2026  |  Security & Fraud

The Federal Communications Commission (FCC) has found an Orlando-based voice service provider, Voxbeam Telecommunications, “apparently liable” for accepting suspicious call traffic, enabling bank impersonation robocalls...

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How CFOs Balance Leaner Teams With Rising Fraud Demands
How CFOs Balance Leaner Teams With Rising Fraud Demands
April 02, 2026  |  Fraud Attack

The first few months of 2026 have been marked by a period of corporate retrenchment. CFOs are increasingly tightening budgets, shrinking headcounts and targeting greater...

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The Internet’s Worst Visitors Are Getting Better at Their Jobs
The Internet’s Worst Visitors Are Getting Better at Their Jobs
March 31, 2026  |  artificial intelligence

Bad bots used to be a nuisance. They had weird names like YissouSpider and Yandex. They were something for cybersecurity teams to tune out with...

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