Browsing: fraud

Key insight: Prosecutors say a bank employee used knowledge of customers from a previous job to facilitate the fraudulent loans.Forward look: A trial is currently scheduled…

Key insight: The indictment includes charges of visa fraud and aggravated identity theft related to forged letters used to obtain an O-1A visa.What’s at stake: Kalder’s…

Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social media to deposit worthless checks.Expert quote:…

American Banker’s 2026 Predictions Report Fraud boomed across the financial services industry in 2025 as new AI tools empowered bad actors to prey on vulnerable bank…

<img src=”https://public.flourish.studio/visualisation/27147476/thumbnail” width=”100%” alt=”chart visualization” />Processing ContentFor the past two months, I have been caught in a no-man’s-land between my bank’s fraud and customer service departments.It…

Key insight: Passive, real-time call fraud scoring reduced fraud exposure and improved member experience for MSUFCU.Expert quote: Fraud strategist Frank McKenna said humans can’t reliably detect…

South_agency | E+ | Getty ImagesFor older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by…

Supporting data: Since January 2025, the FBI has logged over 5,100 complaints of account takeover fraud, resulting in losses exceeding $262 million.What’s at stake: A recent…

Key insight: The indictment claims CEO Danny Seibel manipulated the packets he prepared for First National’s board and loan committee to conceal problem loans and excessive…

Key insight: Haiqu developed a new technique to encode high-dimensional data (over 500 features) onto just 128 qubits, overcoming a major data processing hurdle for classical…