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.

JPMorganChase and Amazon Back Aspen Institute Drive Against Scams

JPMorganChase and Amazon Back Aspen Institute Drive Against Scams
JPMorganChase and Amazon Back Aspen Institute Drive Against Scams
June 30, 2026  |  Fraud Prevention

The Aspen Institute Financial Security Program (Aspen FSP) has launched a new effort focused on reducing the scale and severity of scams affecting Americans. The...

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Banks Deploy AI to Chase Stolen Funds After Instant Payments Clear
Banks Deploy AI to Chase Stolen Funds After Instant Payments Clear
June 29, 2026  |  Banking

Real-time payments move money faster, and they remove the window to recover it. Transactions sent over instant rails are irreversible. Once funds leave an account,...

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Apple Accelerates Security Updates to Preempt AI-Powered Exploits
Apple Accelerates Security Updates to Preempt AI-Powered Exploits
June 29, 2026  |  Cybersecurity

Apple has a new policy in which it has accelerated its release of security updates in response to the speed with which artificial intelligence can...

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World Cup Gives Cross-Border Payments Their Super Bowl Moment
World Cup Gives Cross-Border Payments Their Super Bowl Moment
June 29, 2026  |  Fraud Prevention

Watch more: The Digital Shift With Spreedly’s Justin Benson The 2026 World Cup will generate billions of dollars in ticket sales, travel bookings and merchandise...

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AI-Generated Fake Receipts Now Make Up 71% of Expense Fraud
AI-Generated Fake Receipts Now Make Up 71% of Expense Fraud
June 26, 2026  |  Artificial Intelligence

Four in 10 U.S. employees have used artificial intelligence to generate a fake expense receipt, according to a survey released Tuesday (June 23) by expense...

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Banks Face a New ACH Fraud Test as Nacha Rules Take Effect
Banks Face a New ACH Fraud Test as Nacha Rules Take Effect
June 26, 2026  |  Fraud Prevention

Fraud deadlines arguably don’t attract much attention outside compliance departments. This year’s changes to the Nacha Operating Rules reshape how banks are expected to identify...

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House Bill Would Give Banks Time to Investigate Suspicious Checks
House Bill Would Give Banks Time to Investigate Suspicious Checks
June 18, 2026  |  Fraud Prevention

Rep. Young Kim has introduced a bill that would allow financial institutions to place extended holds on suspicious checks and wire transfers while investigating potential fraud. The...

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Black-Box AI Forces CFOs to Write a New Audit Playbook
Black-Box AI Forces CFOs to Write a New Audit Playbook
June 18, 2026  |  Artificial Intelligence

Innovations typically work best when they feel invisible to the end user. But for finance teams, innovations work best when they are explainable. That has...

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