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Debit card fraud is a serious problem for financial institutions. Here’s what you need to know about its effects, and how AI can help with fraud detection.

New data compiled by LexisNexis show the cost of fraud incurred by financial institutions is spiraling out of control. Overall, the costs associated with all frauds rose by 20% last year (2022), [...]

As you may recall, in September of 2017, Equifax announced news of a massive data breach. It was one of the largest, most consequential data breaches in US history.

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 [...]

In the digital age, fraud is complicated. Fraudsters are becoming increasingly creative with their methods of accessing sensitive information. With regulations surrounding mobile banking [...]

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.