The escalating sophistication of financial scams is forcing financial institutions to re-evaluate their defense strategies, as new research reveals that criminals are now mimicking legitimate...
Mastercard has launched a service designed to protect account-to-account (A2A) payments against fraud. Mastercard A2A Protect, announced Monday and launching first in the U.K., is...
A viral cash-out scam linked to TikTok has drained $17 million from New York ATMs in under three days, exploiting city-issued youth jobs program cards,...
As fraud threats become more sophisticated and regulatory scrutiny intensifies, financial institutions are under growing pressure to strengthen their defenses. Those defenses need to go...
Walmart says it is making efforts to rid its online marketplace of counterfeit sellers. “While counterfeits are estimated to represent a tiny minority of the products...
OpenAI’s CEO says the banking sector is facing a “significant impending fraud crisis.” That’s because artificial intelligence (AI) has advanced to the point that it...
For years, cybersecurity has been defined by a simple but dangerous gap: the time between when a vulnerability is discovered and when it’s patched. Fraudsters...
PayPal has introduced a scam prevention tool for PayPal and Venmo Friends and Family payments. “Designed to proactively alert customers to potential scams and prevent losses...
Seven months into the year, 2025’s cryptocurrency crime numbers are beating 2024. The reason is a $1.5 billion hack against crypto exchange ByBit earlier this...