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If your institution lost more than $500,000 to fraud last year, you’re not alone. In fact, a recent survey of 251 financial institutions showed a shockingly high 70% of them lost over $500K to [...]

Zelle fraud is a serious issue that affects countless consumers, banks, and credit unions across the country. But just how prevalent is Zelle fraud? … And can advanced artificial intelligence [...]

This Credit Union Just Did… And the Consequences Could Lead to Disaster Put yourself in your members’ shoes for a moment. You’re going about your day, shopping online, planning a family vacation [...]

With Banks and Credit Unions Incurring Most of The Losses New data compiled by LexisNexis show the cost of fraud incurred by financial institutions is spiraling out of control. Overall, the costs [...]

As you may recall, in September of 2017, Equifax announced news of a massive data breach. It was one of the largest, most consequential data breaches in US history. The names, social security [...]

Last year alone, 2022, losses associated with card fraud hit a record $34.4 billion. But while this number is astonishingly high, it’s only growing worse. Over the next 10 years, card industry [...]

It’s becoming increasingly necessary for financial institutions to implement artificial intelligence fraud detection and prevention systems to help detect new account fraud. Though some [...]

If you’ve ever been the victim of credit card fraud, or are a financial institution who’s been victimized, you know how painful and debilitating it can be to recover. But while it’s nearly [...]

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.

New data compiled by LexisNexis show the cost of fraud incurred by financial institutions is spiraling out of control. Overall, the costs associated with all frauds rose by 20% last year (2022), [...]