2024 Financial Fraud Trends
2024 Financial Fraud Trends & Predictions - This insightful article delves into the dramatic rise in check fraud, the shift in scam tactics, and the increasing sophistication of account takeovers.
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.
How Real-Time Ai Can Help Detect Healthcare Fraud
Healthcare fraud is a serious crime that affects individuals, taxpayers, insurance companies, healthcare providers and businesses in challenging ways. The National Health Care Anti-Fraud [...]
$12 Million Fraudster Who Targeted Banks and Credit Unions Sentenced
Christopher A. Montalbano of Vestavia, AL, has been sentenced to 180 months (15 years) imprisonment for his role in a massive bank and credit union fraud scheme. In addition to his sentence, [...]
She’s Looking at 34 Years in Federal Lockup For Elder Abuse, Bank Fraud, and Identity Theft
There may be no better example of how transactional artificial intelligence tools could be used to help combat elder abuse and financial fraud than with the case of Sharri Lynn Smith; a woman [...]
Bank Fraudster Sentenced to 4 Years
– Could Ai Have Caught Him in The Act… Years Ago? – Jerome Walter Kiggundu, formerly of Georgia, was sentenced to 48 months in prison, fined $2,500 and ordered to serve 3 years [...]