OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial system is not ready to absorb. As regulators, including the Federal Reserve, ...

The rate of credit card fraud alerts is rising, according to Deloitte, often inconveniencing consumers. New shopping patterns, spending on big-ticket items, and lack of use of monitoring services, ...

On 11/13/24, FinCEN issued an alert aimed at assisting financial institutions in recognizing fraudulent schemes linked to the utilization of deepfake media generated by generative artificial ...

PayPal Holdings Inc. announced early Tuesday the launch of an AI-powered fraud-detection system that provides PayPal and Venmo users real-time alerts before a payment is made. The new feature, ...

If deleting and reporting scam texts and phone calls has become part of your daily routine, there's another simple way to protect yourself from fraud -- and it may be more effective. Placing a fraud ...

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, today announced the company ...

Ever find your palms sweating as you enter your payment info into a merchant site you’ve never used before? It’s a natural response; few financial details are more important than your payment methods ...

In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

While insurance companies are increasingly concerned about emerging fraud challenges in the digital space, an industry expert suggests they focus more on the basics for now. “We have not found that ...

Fraud detection is a high-stakes game of cat and mouse, with retail businesses continually adapting to outsmart increasingly sophisticated fraudsters. As ecommerce losses from online payment fraud ...

It's a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined. Stream NBC 5 for free, ...