Beyond Detection: How Fraud Scoring Transforms Risk Management For Modern Banks

Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase, banks require ...
American Banker

Banks face new risks as account takeover fraud spikes 250%

Criminals are posing as support staff to drain accounts. A court ruling this year threatens to make banks — not consumers — ...
Morningstar

Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration

Swift and 13 international banks doubled real time fraud detection in trials involving ten million test transactions Privacy-enhancing technologies enabled ...
Forbes

As Scammers Up Their Fraud Game, Consumers, Banks, And Law Enforcement Must Respond

Fraud schemes and scammers keep making headlines with U.S. victims reporting huge losses. A recent study suggests that information sharing, better technology and more communication may be the keys to ...
Observer

Fraud Detection Fails: How Banks Break Trust—and How to Fix It

In August, German banks froze over €10 billion in PayPal payments due to suspected fraud, a disruption that underscored the scale of growing financial security concerns. If even long-standing, trusted ...

Here's what actually happens when you wire more than $9,999

Large wire transfers trigger extra reviews, identity checks, and reporting requirements once you cross the $9,999 threshold.
The Greenville News

Murdaugh accomplice gets 5 years for financial crimes, victims made 'financially whole'

Former Hampton banker Russell Laffitte was sentenced to five years in federal prison for his role in Alex Murdaugh's financial crimes. Laffitte pleaded guilty to federal charges including conspiracy, ...