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.

AI-Generated Fake Receipts Now Make Up 71% of Expense Fraud

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. Get...

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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. Get the...

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Study Finds Payment Certainty Becomes the New Fraud Strategy
Study Finds Payment Certainty Becomes the New Fraud Strategy
June 16, 2026  |  Fraud Prevention

Fraud prevention in B2B payments has long operated on a simple premise: if something went wrong, there would be time to fix it. Get the...

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AI Scam Surge Prompts Google to File Lawsuit
AI Scam Surge Prompts Google to File Lawsuit
June 15, 2026  |  Fraud Prevention

Phishing texts that mimic a bank alert or a package delivery notice usually point to a fake website built to capture passwords and card numbers....

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FinCEN Pushes Banks to Share More Fraud Signals
FinCEN Pushes Banks to Share More Fraud Signals
June 15, 2026  |  Fraud Prevention

Fraud prevention has largely been treated as an institution-by-institution exercise. Banks built their own models, payment companies and vendors developed proprietary services and solutions. Get...

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UK APP Fraud Jumps 19% as Scammers Abuse Online Platforms
UK APP Fraud Jumps 19% as Scammers Abuse Online Platforms
June 15, 2026  |  Cybersecurity

Authorized push payments (APP) fraud continues to bedevil the financial sector in the United Kingdom. Get the Full Story Complete the form to unlock this...

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