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Account takeover fraud (ATO) is on the rise. A recent report from Security.org show’s that over 24 million US households have become victims.

The Federal Reserve has announced a new, narrow launch window for its FedNow real-time payments service.  After years of development, testing, pilot programs and delays, FedNow will officially go [...]

In 2020, the FBI arrested an Amazon employee after issuing more than $96,000 in fraudulent refunds. To achieve this fraud, the Amazon insider created multiple buyer accounts to purchase [...]

Three Miami, Florida residents have been sentenced for their roles in $1.4 million stolen from Banks and Credit Unions.

Batch Processes in Core Banking Systems Becoming a Major Issue Clarence Wigfall Jr., from Granite City Illinois, has admitted to defrauding a bank out of more than $157,000. According to the [...]

Following a five-day bench trial, Olayinka Peter Olaseinde of Rhode Island was convicted of a bank fraud conspiracy targeting financial institutions, businesses and private individuals. His [...]

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, [...]

Bank and Credit Union fraud teams should be on the lookout for the rise in Bank Identification Number (BIN) Attacks. Fraudsters are using a new technology that allows them to “decrypt” bank/debit [...]

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 [...]

– 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 [...]