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Account Takeover Fraud Losses Top $12,000 Per Incident, Could Worsen in 2023 Account takeover fraud (ATO) is on the rise. A recent report from Security.org show’s that over 24 million US [...]

FedNow℠ Set To Launch In Less Than One Year Have You Prepared Your Financial Institution For The Potential Consequences? The Federal Reserve has announced a new, narrow launch window for its [...]

The Best Method For Detecting Insider Bank Fraud In 2020, the FBI arrested an Amazon employee after issuing more than $96,000 in fraudulent refunds. To achieve this fraud, the Amazon insider [...]

$1.4 Million Stolen From Banks And Credit Unions Three Miami, Florida residents have been sentenced for their roles in $1.4 million stolen from Banks and Credit Unions. According to the feds, [...]

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 [...]

Mortgage and loan fraud is on the rise, having leapt 15% in the first quarter of 2022 over the same quarter last year. Lenders should be aware that the threat of mortgage fraud is highest in the [...]

The Texas Department of Insurance (TDI) announced this month that the personal identifiable information (PII) of 1.8 million Texas workers who filed compensation claims, has been breached. The [...]

Electronic payment systems are constantly evolving to keep up with the ever-changing landscape of how we do business. This is especially true for real-time payments, which are growing in [...]

Florida credit union overhauls its fraud prevention with big assist from AI *This article was originally published in American Banker by Carter Pape May 06, 2022, 3:35 p.m. EDT As algorithmic [...]