A spike in incidents of financial fraud has reportedly turned America’s bank tellers into quasi-detectives. That’s according to a report Sunday (June 7) from The New York Times (NYT), which noted that this is happening against the backdrop of a five-fold increase in cybercrime losses,...
Artificial intelligence is changing the economics of cybercrime, giving scammers and fraudsters a faster way to scale attacks that companies already struggle to stop. That is one of the central findings in Verizon’s 2026 Data Breach Investigations Report, which analyzed more than 31,000 real-world security...
The FBI’s Internet Crime Complaint Center (IC3) received 22,364 internet crime complaints that contained references to artificial intelligence (AI) in 2025. These AI-related complaints reported losses of $893 million, the agency said. The FBI included this data in its 2025 Internet Crime Report, marking the...
Mastercard says artificial intelligence (AI) is contributing to “unprecedented” levels of fraud and cybercrime. It may also be among the business world’s best defense against those threats, the payments giant said Monday (March 9) as it issued a report in tandem with Fraud Prevention Month. “Fraud...
January 26, 2026
By most headline measures, 2025 looks like a year where crypto crime exploded. An estimated $154 billion flowed to illicit addresses, the highest total on record and a 160% jump in illicit volumes according to data cited by Eric Jardine, head of research at Chainalysis. But treating that number as evidence of runaway criminal adoption […]
March 19, 2025
Financial services institutions have long relied on machine learning for risk management, but the threat landscape has grown exponentially in the age of generative artificial intelligence (AI), according to executives...
December 06, 2024
Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has unveiled a new frontier of fraud, one where malicious entities and cybercriminals are focused...
October 17, 2024
Returns fraud is a growing global issue, costing retailers billions annually. Recent estimates suggest that fraudulent returns account for up to 13% of total returns in the U.S., significantly impacting...
September 27, 2026
Illegal access to artificial intelligence models has reportedly become a key commodity for cybercriminals. That’s according to a report Sunday (Sept. 27) by the Financial Times (FT), which said this trend is happening as hackers look to employ expensive large language models (LLMs) for extortion, warfare and espionage. John Hultquist, chief analyst for Google Threat […]
June 07, 2026
A spike in incidents of financial fraud has reportedly turned America’s bank tellers into quasi-detectives. That’s according to a report Sunday (June 7) from The New York Times (NYT), which...
May 19, 2026
Artificial intelligence is changing the economics of cybercrime, giving scammers and fraudsters a faster way to scale attacks that companies already struggle to stop. That is one of the central...
April 07, 2026
The FBI’s Internet Crime Complaint Center (IC3) received 22,364 internet crime complaints that contained references to artificial intelligence (AI) in 2025. These AI-related complaints reported losses of $893 million, the...
