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How To Detect New Account Fraud With Artificial Intelligence Technology
Fraud is a serious issue plaguing financial institutions. The Federal Trade Commission (FTC) reports that consumers lost a whopping $5.8 billion to fraud in 2021 alone. But while the numbers for [...]
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- FedNow Set to Launch in July… 4 Things the Fed Will Provide to Help Combat Fraud And 1 Thing Institutions MUST Do ThemselvesThe long-awaited launch of FedNow is almost here. This July, the instant, 24/7/365 payments and money transfer system will be implemented. While this is great news for consumers and small [...]Read more
- 13 Important Fraud Statistics Every Financial Institution Should Be Paying Close Attention To2022 was a banner year for financial criminals, and a terrible year for risk and fraud management teams. More money was stolen from banks and credit unions last year than perhaps any other year [...]Read more
- The Seven Industries Most Vulnerable to Data Breaches and Cyber Attacks in 20232022 was among the most fraud riddled years in history. According to IBM, the global loss-per-single data breach reached a record-breaking average of $4.35 million. Every sector of the economy [...]Read more