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.

Fraud and Disputes Rank as a Top Cost for 42% of Issuers

Fraud and Disputes Rank as a Top Cost for 42% of Issuers
Fraud and Disputes Rank as a Top Cost for 42% of Issuers
July 28, 2026  |  Fraud Prevention

Card issuers must distinguish a fraudulent transaction from a legitimate one in milliseconds. Now there’s a new complication: What happens when the legitimate customer is...

READ MORE >
House Republicans Urge Expanded Use of AI to Combat Financial Fraud
House Republicans Urge Expanded Use of AI to Combat Financial Fraud
July 27, 2026  |  Artificial Intelligence

Artificial intelligence is rapidly transforming financial fraud, giving criminal organizations the ability to generate convincing scams at unprecedented scale. But according to a report issued...

READ MORE >
Nvidia Forms AI Safety Alliance Following OpenAI Cyberattack
Nvidia Forms AI Safety Alliance Following OpenAI Cyberattack
July 27, 2026  |  Cybersecurity

Nvidia is leading 36 other companies in an artificial intelligence safety coalition focused on open models. Get the Full Story Complete the form to unlock...

READ MORE >
BPI Urges New Safeguards for Sharing Sensitive Financial Data With Regulators
BPI Urges New Safeguards for Sharing Sensitive Financial Data With Regulators
July 24, 2026  |  Fraud Prevention

The Bank Policy Institute is recommending that financial institutions and their regulators reduce direct electronic transfers of sensitive financial and supervisory data, arguing that traditional...

READ MORE >
Trulioo Debuts AI Agent to Determine Beneficial Ownership
Trulioo Debuts AI Agent to Determine Beneficial Ownership
July 23, 2026  |  Authentication

ID verification firm Trulioo has debuted an AI agent to resolve beneficial ownership questions. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Congress Confronts an 1,800% Rise in Financial Fraud Losses
Congress Confronts an 1,800% Rise in Financial Fraud Losses
July 22, 2026  |  Fraud Prevention

A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this...

READ MORE >
Fake Employees Are Banks’ Newest Insider Threat
Fake Employees Are Banks’ Newest Insider Threat
July 20, 2026  |  Artificial Intelligence

The account is real. The credentials are real. The employee is not. Synthetic insiders use stolen identities, deepfake technology and remotely controlled devices to get...

READ MORE >
Coca-Cola Unit Becomes 17th US Cyber Incident This Year
Coca-Cola Unit Becomes 17th US Cyber Incident This Year
July 17, 2026  |  Cybersecurity

Seventeen companies in the United States have reported or been affected by cyber incidents this year amid a worldwide surge in artificial intelligence-driven cyberattacks, Reuters...

READ MORE >