Fraud detection

Coronavirus scams to watch out for

03/11/20

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

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PayPal’s crackdown on human trafficking

02/05/20

The payments company is working with nonprofit organizations, law enforcement authorities, victims and others to make it harder for the criminals behind the modern slave trade to move money.

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Online lenders confront deepfake threat

01/28/20

Some fraudsters pose as loan applicants and submit doctored video or photos of property and assets to scam lenders they won't see in person. Firms like Elevate Funding and Credibly are fighting back.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

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A cautionary tale of open banking

01/06/20

Granting a third party access to a bank's systems in exchange for more advanced technology can help prevent fraud, but it can also attract cyberattacks.

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More regulation's needed to protect biometrics

01/03/20

The current climate is akin to the Wild West, with little protection for the consumer, and new regulations are needed if the technology is to continue to expand in a safe and sustainable way, argues Mitek's Stephen Ritter.

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Is a new data war about to erupt?

12/23/19

PNC, Plaid and Venmo have been blamestorming over customer data-sharing issues of access, security and consent.

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Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

11/20/19

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

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What FICO sees through its window into fraud

11/11/19

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

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Fake ID fraud is declining, but small lenders are still vulnerable

10/08/19

Though synthetic identity fraud is down across the industry, there's been an uptake in such attacks targeting credit unions.

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