Archives

2022 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 [...]

To celebrate its first year in “business,” a darknet website called BidenCash has leaked the credit and debit card records of millions of consumers, for free. The data contained in the massive [...]

Put yourself in your members’ shoes for a moment. You’re going about your day, shopping online, planning a family vacation and paying your bills. Then, you get an alarming call from your CU.

Fraud and risk teams at banks and credit unions have had enough. Since at least 2020, there’s been a parabolic increase in all forms of bank fraud, resulting in a drastic increase in mitigation [...]

2022 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 [...]

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.

2022 was a banner year for financial criminals. An estimated 254 million consumer records were leaked in data breaches, affecting more than 9.4 million Americans alone. After government [...]

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, [...]

ToolCASE, the banking industry’s leader in artificial intelligence-backed fraud detection and prevention, has received hundreds of questions about the capabilities of its real-time RembrandtAI [...]

ToolCASE has compiled its final report on full-year fraud statistics for 2021, and the facts are startling. Even as the pandemic waned, and many frauds associated with PII theft and COVID relief [...]