As fraudsters leverage sophisticated tactics, including artificial intelligence (AI)-powered identity manipulation, the FinTech sector finds itself in the crosshairs of an escalating battle against financial...
For merchants seeking to deliver a seamless omnichannel experience to their consumers, fraud remains a persistent concern. And while they look to acquirers to offer...
A recent report, “Consumer Credit Economy: Credit Card Fraud,” a collaboration between PYMNTS Intelligence and i2c, reveals a substantial level of consumer concern surrounding this...
The Federal Trade Commission (FTC) says impersonation scams cost Americans almost $3 billion last year. The FTC revealed that figure in a recent report on...
The Federal Trade Commission (FTC) said two operators of an alleged eCommerce business opportunity scam have agreed to settle the charges. Trevor Duffy Young and...
They’re smart, they’re sophisticated and they’re on social media. A recently released report sheds light on the increasingly sophisticated tactics employed by financial scammers, revealing...
Financial services institutions have long relied on machine learning for risk management, but the threat landscape has grown exponentially in the age of generative artificial...
Young adults are reportedly vulnerable to phishing scams, despite being widely considered as “digital natives” who know how to avoid them. So said the lead...
Fraud schemes, from invoice padding to fictitious vendors, thrive in environments where human oversight is the primary line of defense. Fraudsters are keen on capitalizing...