Business email compromise (BEC) fraud, driven by technology and increasing sophistication by criminal organizations, has become a major issue for ...

This innovation allows banks, credit unions and financial institutions to enhance their in-house fraud risk management programs by shifting fraud loss liability off their balance sheets.

While debit card losses increased 6% last year over 2023, check fraud rose 5% and non-bank payment app losses edged up 1% over 2023, according to the report. Other types of fraud the financial ...

Grant Thornton will also check if there is any evidence of fraud or internal misstatements. IndusInd Bank is India’s fifth largest private lender with a balance sheet of $63 billion. Since it ...

A recent survey of banks by American Banker ... those individuals that have to get that check." Overall, according to Turner, the federal government will see significant savings through both reducing ...

Still, fraud prevention remains a top spending priority for banks in 2025, according to research from Arizent, American Banker's publisher. Check fraud was a real concern ... preventing more than $37 ...

Banks and tech firms are coming together in an initiative to share information on fraud to give them visibility of the attacks targeted at customers. The collaboration is part of Stop Scams UK’s ...

Shares in European banks sank further on Friday, adding to losses triggered by Wednesday’s announcement of U.S. tariffs and their effects on global trade and economic activity, after China ...

Payment Fraud Detection and Prevention: Here’s All To Know Your email has been sent Key takeaways: With AI technology, payment fraud and fraud prevention have become more complex and sophisticated.

The Bank of France reported a widening loss in 2024 after booking one-off gains the previous year and as it continues to digest rapid changes in the European Central Bank’s monetary policy in ...