2.9 Billion SSNs Exposed in Data Breach
2.9 Billion SSNs Exposed in National Public Data Breach: What’s Next for Financial Institutions? In August 2024, a colossal data breach at National Public Data exposed up to 2.9 billion personal [...]
A Brief History of Artificial Intelligence… And How Its Transforming Fraud Prevention
Artificial intelligence is not something new. In fact, Ai has been around for over 80 years now. But as the decades have passed, Ai has truly blossomed, offering incredible solutions for almost [...]
The Growth in Fraud at Credit Unions Has Gone Parabolic And Members Are Highly Concerned
Last year, well over half of all financial institutions lost more than $500,000 to fraud. However, for the credit union industry, it was even worse.
FedNow Set to Launch in July… 4 Things the Fed Will Provide to Help Combat Fraud And 1 Thing Institutions MUST Do Themselves
The 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 [...]
13 Important Fraud Statistics Every Financial Institution Should Be Paying Close Attention To
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 [...]
The Seven Industries Most Vulnerable to Data Breaches and Cyber Attacks in 2023
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 [...]