Check Return Schemes. Criminals will send what they claim is a paycheck or other payment by way of a check where they “overpay.” They ask you to deposit it, then return the “extra” money back before ...

AI innovation is accelerating at a pace the world has never seen before and unfortunately providing just as many advancements for bad actors as it is for ...

In the fight against fraud, financial institutions are making concerted efforts to weed out vulnerabilities in their customer verification processes. But not all banks and credit unions are wholly ...

Legal consequences can be up to 20 years in prison, plus fines of more than $250,000. This scheme often combines with other fraud types. Because of the complexity of this crime, investigating this ...

Online information safety concept. Increasing the quantity of fraud issues. The word Fraud against going up red chart graph. 3D illustration about hacker attacks. American consumers face mounting ...

A recently unsealed federal indictment in Oklahoma offers a detailed look into an alleged mail theft and check fraud conspiracy, highlighting methods fraudsters are increasingly using across the U.S.

The Nigeria Inter-Bank Settlement System (NIBSS) has identified five major fraud techniques that continue to dominate digital payment landscape, warning that fraudulent activities are becoming more ...

HOBOKEN, N.J.--(BUSINESS WIRE)-- NiCE Actimize, a NiCE (NASDAQ: NICE) business, has released the "2025 NiCE Actimize Fraud Insights Report, U.S. Retail Payments Edition," which explores the latest ...

Forbes contributors publish independent expert analyses and insights. Gary Drenik is a writer covering AI, analytics and innovation. Is Artificial Intelligence a friend or foe when it comes to fraud?

Retailers are bracing for a significant surge in "friendly fraud" this holiday season, with an expected 25% increase between Thanksgiving and Cyber Monday. This type of fraud, where legitimate ...

The financial consequences affect nearly everyone: 99% of organizations report fraud losses from AI-enabled attacks in the past year, with an average of $414,000 per organization. One-third of ...