When the text message came in, Kim Dow's heart sank. "Hi," it read. "Did you just make this purchase with your REI Co-op Mastercard?" The message went on to share the last four digits of Dow's card ...
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Fed on alert as OpenAI warns of a massive bank-fraud wave
OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial ...
Payment disbursements are a critical component of modern commerce, but they also present a significant challenge: how to prevent fraud. Prateek Mehta, a payments expert and product manager at ...
As criminal organizations expand their use of information technology, the frequency of global financial fraud rises to historic levels each year, posing significant challenges for governments and the ...
TEL AVIV, Israel & BOSTON--(BUSINESS WIRE)--Transmit Security's Blinded by the Agent research reveals a coming crisis: consumer AI agents are defeating traditional fraud detection. Enterprises are ...
Socure, an AI platform for digital identity verification and fraud prevention, announced early Wednesday the launch of Hosted Flows, fraud-detection technology that enables users to build, customize, ...
Opinions expressed by Digital Journal contributors are their own. As financial institutions and government entities handle escalating fraud schemes, an Agentic AI solution promises to change how the ...
What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...
Update, Dec. 27, 2024: This story, originally published Dec. 25 now includes a breakdown of the know your customer attack threat methodology that the newly discovered dark web facial identity resource ...
Payment Service Providers (PSPs) need fraud detection systems that can anticipate and adapt to emerging types of fraud whilst maintaining the delicate balance between security and customer experience.
In the fast-moving digital landscape, where gig workers expect instant payouts and companies handle millions of microtransactions daily, the need for robust real-time fraud detection has never been ...
PADUCAH, Ky.--(BUSINESS WIRE)--In response to the rise in check fraud incidents across the country, CSI, a leading provider of end-to-end financial software and technology, today announced the launch ...
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