It’s not just about invoices and BEC. In one recent example, payments fraud reached into the crypto realm – and a publicly listed company. Elsewhere,...
Payments are getting faster, fraudsters are getting smarter — and AP departments are often unwitting victims of phishing and other schemes. Bottomline’s Doug Cranston, VP...
Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect....
From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has been startling. Elsewhere, in...
In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Today, financial institutions (FIs) face a barrage of...
Authorities in Ireland have warned businesses about a rise in “CEO fraud” that gets unwitting victims to pay up in invoice redirect fraud. Separately, individual...
There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...
Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. At a...