Banking Fraud news and trends

69% of Consumers Prioritize Fraud Protection When Picking a Bank

September 24, 2024

Related Trends

Criminals Target Big Ticket Transactions in Commercial Banking Fraud Surge
Security & Fraud // February 05, 2024

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Fraud prevention includes many effective solutions that banks can leverage to prevent cybercrime and the lost revenue associated with it.
PYMNTS Intelligence: The Best Anti-Fraud Solutions for Banks and Their Customers
Fraud Prevention // June 01, 2023

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Digital fraud management is a must for banks and FIs, but they can leverage cutting-edge technology to protect themselves and their customers from cybercrime.
Banks Aim AI at Fraud Management but Need Help
Fraud Prevention // May 30, 2023

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PSCU - Credit Union Tracker: Fighting Fraud in the Credit Union Space - February 2023 - Learn more about how digital fraud threats and losses are mounting in the banking space and how CUs can protect themselves and their members
An Industry Insider on Balancing Security With Seamlessness
Credit Unions // February 24, 2023

58% of FIs reported a rise in the cost of fraudulent transactions in 2022, which is why Seth Ruden of First Tech Federal Credit Union says “targeted friction” is essential to fighting fraud without compromising the user experience.

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Interviews & Exclusives
69% of Consumers Prioritize Fraud Protection When Picking a Bank

September 24, 2024
Banks and financial institutions (FIs) face challenges in balancing the convenience of digital banking with the need for robust security measures. Economic impacts from fraud have forced these institutions to shift resources away from innovation toward immediate threat mitigation, hindering progress in the sector. Get the Full Story Complete the form to unlock this article […]

Banks Aim AI at Fraud Management but Need Help

May 30, 2023
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Targeted Friction Helps Credit Unions Fight Fraud as Attacks Surge

February 23, 2023
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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud

December 05, 2019
Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the Full Story Complete the form...

Quick Reads
FinCEN Warns Of Imposters, Money Mule Schemes
FIs Advised To Be On The Lookout For Imposter Scams, Money Mule Schemes

July 07, 2020
The U.S. Treasury Department’s financial crime unit has alerted financial institutions (FIs) about imposter scams arising during the COVID-19 pandemic.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, […]

Mutant Malware Able To Slip Past Antivirus Tools, Experts Warn

August 30, 2017
Cybersecurity consulting firm Akouto Consulting has a warning for businesses: There has been an increase in instances of malware able to bypass traditional antivirus measures, threatening business bank accounts. Get...