Fraud is growing more pervasive, more adaptive and harder to contain. Financial institutions are responding by reworking how detection, prevention and customer protection are built into payment systems. The Federal Reserve Financial Services Risk Officer Survey, released Tuesday (April 28), draws on responses from more...
Fraudsters are borrowing from growth marketers’ playbooks. They’re segmenting, personalizing and timing their outreach to lure more victims in less time. A new PYMNTS Intelligence study, “How Scammers Tailor Financial Scams to Individual Consumer Vulnerabilities,” argues that mass personalization has become the defining feature of modern fraud....
Bank fraud in India nearly tripled during 2024, according to the country’s central bank. In its annual report Thursday (May 29), the Reserve Bank of India (RBI) recorded 360 billion rupees ($4.2 billion) in fraud for the year that ended on March 31, up from 122.3 billion...
Criminals are “flooding” Facebook and Instagram with bogus ads and marketplace listings, fueling what The Wall Street Journal calls an “epidemic of scams” that is ensnaring U.S. consumers and global regulators alike. The Journal reports that Meta Platforms’ social networks have become a primary staging...
August 26, 2026
The U.S. payments industry does not lack fraud data. It lacks agreement about what that data means. The Accredited Standards Committee X9’s new Payment Fraud Forum, which holds its first meeting Sept. 10, is targeting exactly that problem. The initiative brings together participants including Federal Reserve Financial Services, The Clearing House (TCH) and the U.S. […]
September 02, 2025
Fraudsters are borrowing from growth marketers’ playbooks. They’re segmenting, personalizing and timing their outreach to lure more victims in less time. A new PYMNTS Intelligence study, “How Scammers Tailor Financial Scams...
April 01, 2025
Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of...
March 12, 2025
Faster payments means faster fraud, at least that’s the fear. FedNow® Service’s debut a year and a half ago, and traction gaining across The Clearing House’s RTP network (which recently...
May 29, 2025
Bank fraud in India nearly tripled during 2024, according to the country’s central bank. In its annual report Thursday (May 29), the Reserve Bank of India (RBI) recorded 360 billion rupees ($4.2 billion) in fraud for the year that ended on March 31, up from 122.3 billion for the same period last year. “Frauds have occurred predominantly […]
May 16, 2025
Criminals are “flooding” Facebook and Instagram with bogus ads and marketplace listings, fueling what The Wall Street Journal calls an “epidemic of scams” that is ensnaring U.S. consumers and global...
September 02, 2024
The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it had recruited several tech and...
February 12, 2024
Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,” Claudia Buch said in her...