Last year alone, 2022, losses associated with card fraud hit a record $34.4 billion. But while this number is astonishingly high, it’s only growing worse. Over the next 10 years, card industry [...]
It’s becoming increasingly necessary for financial institutions to implement artificial intelligence fraud detection and prevention systems to help detect new account fraud. Though some [...]
If you’ve ever been the victim of credit card fraud, or are a financial institution who’s been victimized, you know how painful and debilitating it can be to recover. But while it’s nearly [...]
In the last decade, technology has made accessing finances easier than ever. Today, bank customers and credit union members can deposit checks online or with their phone, instantly transfer money [...]
The final fraud statistics for 2021 are in, and the facts are alarming. 2021 has been the costliest, most fraud-riddled year on the books. However, once the statistics are tallied for this year, [...]
In the digital age, fraud is complicated. Fraudsters are becoming increasingly creative with their methods of accessing sensitive information. With regulations surrounding mobile banking [...]
During 2022’s five-day holiday shopping period from Thanksgiving through Cyber Monday, a record 196 million US consumers spent $35.27 billion on consumer products, up a strong 10% over 2021.