Tag : financial fraud

83% of Americans Are Worried About AI-Powered Fraud, but Many Also Trust AI to Help Stop It
Artificial Intelligence News Risk Management Security

83% of Americans Are Worried About AI-Powered Fraud, but Many Also Trust AI to Help Stop It

Business Wire
by Business Wire0
Survey finds challenges and opportunities for financial institutions as consumers shift to digital transactions. A growing number of Americans are sounding the alarm on AI-driven fraud with many feeling unprepared and lacking adequate protections, according to a new survey from Abrigo, a leading provider of compliance, credit risk, and lending......
Feedzai: More Than 50% of Fraud Driven by AI and Hyper-Realistic Impersonations, but Banks Also Use Generative AI to Fight Back
Analytics Artificial Intelligence Fintech News

Feedzai: More Than 50% of Fraud Driven by AI and Hyper-Realistic Impersonations, but Banks Also Use Generative AI to Fight Back

Business Wire
by Business Wire0
Feedzai, the global leader in AI-native financial crime prevention, released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. “Today’s scams don’t come with typos and obvious red flags—they come with perfect grammar, realistic cloned voices, and videos of......
New Email Security Solutions from InsurSec Leader At-Bay Help Eliminate Financial Fraud Claims
Finance Fintech News Security

New Email Security Solutions from InsurSec Leader At-Bay Help Eliminate Financial Fraud Claims

Business Wire
by Business Wire0
At-Bay’s proprietary Fraud Defense solution, available with every Cyber and Tech E&O policy, stops email-based fraud and can unlock up to double the financial fraud coverage sub-limits; with At-Bay MDR for Email, businesses can boost their financial fraud sub-limits up to $1 million At-Bay introduces two new InsurSec solutions to......
Analytics Artificial Intelligence Compliance management Featured Finance Fintech Payment gateways Security

Developing AI Models to Identify and Mitigate Emerging Financial Fraud Schemes

Fintech Staff Writer
by Fintech Staff Writer0
The rapid evolution of financial technology has transformed financial systems, enabling faster transactions and seamless access to services. However, these advancements have also opened the door for increasingly sophisticated emerging financial fraud schemes. To combat these threats, organizations are leveraging artificial intelligence (AI) to develop advanced models capable of identifying......
Half of Executives Expect More Deepfake Attacks on Financial and Accounting Data in Year Ahead
Artificial Intelligence Finance Security

Half of Executives Expect More Deepfake Attacks on Financial and Accounting Data in Year Ahead

PR Newswire
by PR Newswire0
Over half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data – otherwise known as deepfake financial fraud – during the next 12 months, according to a new Deloitte poll. That increase could impact more than one-quarter of......
90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds
News Risk Management

90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds

Business Wire
by Business Wire0
2024 Abrigo Fraud Survey shows half of Americans are “extremely concerned” about fraud, misconceptions about recoverability persist, and majority (71%) worry about money laundering Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, announced compelling new survey results revealing how Americans feel about......
Banking Cryptocurrency Finance Fintech Guest Posts Risk Management Security

Future-Proofing Your Fintech: Essential Strategies for Mitigating Risk

Will Hamory
by Will Hamory0
By: Wil Hamory, Fintech Lead at Founder Shield The rise in cyber attacks is a harsh reality: the promised land of fintech is getting a whole lot more dangerous. For fintech leaders looking to scale their business, it takes more than just innovation and a good market fit to navigate this......
Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions
Digital Payments News

Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions

PR Newswire
by PR Newswire0
Wirex partners with Sumsub to ensure regulatory compliance with upcoming virtual asset service provider (VASP) Travel Rule obligations and ongoing transaction monitoring A digital payment company Wirex has partnered with Sumsub, a global full-cycle verification platform. Sumsub will provide Wirex with its Transaction Monitoring capabilities, Travel Rule compliance solutions for......
DCI and DataVisor Team Up to Help Banks Fight Fraud
Banking Mobile Banking News

DCI and DataVisor Team Up to Help Banks Fight Fraud

PR Newswire
by PR Newswire0
Financial fraud has increased substantially as the trend towards mobile banking and digitization accelerates. In 2022 alone, the Federal Trade Commission received over 1.1 million reports of identity theft and over 440,000 reports of credit card fraud. To help banks detect and mitigate fraud proactively, DCI (Data Center Inc.) –......
4 Ways to Avoid Financial Fraud When Transferring Money
Digital Payments Guest Posts Insights

4 Ways to Avoid Financial Fraud When Transferring Money

Matt Montes
by Matt Montes0
The demand for digital money solutions has surged as consumers increasingly prefer contactless payments due to convenience and the risks associated with handling cash. As a result, experts are predicting that the use of cash will continue to decline, even after the pandemic subsides. As more and more businesses and......
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