British banks, tech companies and telecoms are reportedly pledging to increase their data-sharing on fraud. This pledge, as the Financial Times (FT) reported Monday (March 31), comes as the U.K. government is facing calls to show more leadership in helping fight online scammers. According to the report,...
The payments landscape is more sophisticated than ever, but so are fraudsters. With financial institutions (FIs) deploying artificial intelligence (AI), machine learning (ML) and other cutting-edge technologies to secure transactions, cybercriminals are increasingly finding that the easiest way in is through the weakest link: people....
Credit unions (CUs) have long prided themselves on being the “people’s bank” — local, personal and rooted in trust. But guess what? That makes them an even bigger target for fraudsters looking for an easy payday. The latest PYMNTS Intelligence findings show that as fraud...
Scams against banks and their customers have exploded. Fraudsters pull at human nature in a bid to gain access to accounts and drain them — pleading through texts, phone calls and artificial intelligence (AI) prompts for donations, romance, bail to get out of jail and...
March 10, 2025
The payments landscape is more sophisticated than ever, but so are fraudsters. With financial institutions (FIs) deploying artificial intelligence (AI), machine learning (ML) and other cutting-edge technologies to secure transactions, cybercriminals are increasingly finding that the easiest way in is through the weakest link: people. A new Fraud and Financial Crimes report from PYMNTS Intelligence reveals that, […]
March 06, 2025
Credit unions (CUs) have long prided themselves on being the “people’s bank” — local, personal and rooted in trust. But guess what? That makes them an even bigger target for...
March 05, 2025
Scams against banks and their customers have exploded. Fraudsters pull at human nature in a bid to gain access to accounts and drain them — pleading through texts, phone calls...
February 10, 2025
Scammers aren’t just throwing darts at a board anymore — they’re getting personal. A new Fraud and Financial Crimes report from PYMNTS Intelligence finds that today’s sophisticated fraudsters are now...
April 08, 2025
Generative AI tools are reportedly powering a new threat to companies: job seekers who aren’t who they say they are. Using artificial intelligence (AI) tools to create false profiles, photo IDs, employment histories and even deepfake videos for interviews, these fraudsters aim to secure remote jobs, CNBC reported Tuesday (April 8). In these jobs, they […]
March 31, 2025
British banks, tech companies and telecoms are reportedly pledging to increase their data-sharing on fraud. This pledge, as the Financial Times (FT) reported Monday (March 31), comes as the U.K. government is...
December 18, 2024
Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. The new funding round, which included participation by PayPal Ventures, will help Bureau use artificial intelligence (AI) to help businesses...
October 10, 2024
The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC), the scam was carried out...
