Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and FinTechs to identify scammers and protect the companies’ end users from authorized fraud. The acquisition will enable Chainalysis to provide real-time proactive fraud protection for payments and...
McAfee debuted a tool to combat the rising tide of text, email and video scams. The McAfee Scam Detector, announced Monday (Jan. 6) at the CES show in Las Vegas, uses artificial intelligence to analyze and flag risky messages in real time, according to a...
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is struck. It’s at that point that fake merchants, false storefronts and money laundering can wreak...
Phishing scams targeting corporate executives are reportedly increasing thanks to AI. Companies like eBay and British insurer Beazley have warned about an uptick in fraudulent emails containing personal details, likely obtained via artificial intelligence (AI) analysis of online profiles, the Financial Times (FT) reported Thursday (Jan. 2). “This is...
February 04, 2025
It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the 18th century? Fraudsters, always looking for an easy target, are increasingly using 21st century technology to perpetrate check-based fraud and scams. According to the latest PYMNTS […]
January 06, 2025
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is...
December 17, 2024
Trust is a balancing act as companies, banks and merchants collaborate to make everyday financial life and commerce a reality. Featurespace Chief Operating Officer Tim Vanderham told PYMNTS in an...
December 10, 2024
As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but...
January 13, 2025
Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and FinTechs to identify scammers and protect the companies’ end users from authorized fraud. The acquisition will enable Chainalysis to provide real-time proactive fraud protection for payments and enhanced fraud detection during know your customer (KYC) for exchanges, […]
January 06, 2025
McAfee debuted a tool to combat the rising tide of text, email and video scams. The McAfee Scam Detector, announced Monday (Jan. 6) at the CES show in Las Vegas,...
January 02, 2025
Phishing scams targeting corporate executives are reportedly increasing thanks to AI. Companies like eBay and British insurer Beazley have warned about an uptick in fraudulent emails containing personal details, likely obtained via artificial intelligence...
December 30, 2024
Low-level bank employees are selling customer information to scammers, exposing a weakness in financial institutions’ risk protections. It’s a pattern cropping up at banks around the country, Bloomberg reported Monday...
