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Bank fraud surges 70% in one year, causing $5.8 billion in losses

The rise in bank fraud has reached unprecedented levels, with a 70% increase in just one year, resulting in $5.8 billion in losses. According to the Federal Trade Commission (FTC), this surge has ...
USA Today

Bank fraud is rampant. Your data could be anywhere. Here's how to protect yourself.

If you feel that no bank account is entirely safe from scams and fraud these days, you aren’t being paranoid. Three in 10 bank customers experienced fraudulent activity on their accounts in the past ...
Digital Journal

Banking IT fraud in the UK caused £417 million in losses in the past year

There are concerns about the banking sector, and the impact of that turmoil on the global economy - Copyright AFP/File Richard A. Brooks There are concerns about the ...
Forbes

The Key Elements Of Fraud-Resistant Digital Banking Systems

I've spent more than 17 years watching digital banking systems transform. Consulting for banking giants, as well as having been a technical expert at Capital One, I've had my hands in the systems that ...
AOL

An $8.8M fraud ring targeting elderly busted after ‘suspicious’ banking led to multi-state probe — how they were caught

A massive bank fraud operation that stole nearly $9 million from elderly Americans has been shut down, and it all unraveled because of one suspicious transfer. The $250,000 deposit into a newly opened ...
Fox Business

5 ways to protect your bank account from fraud and identity theft

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...
American Banker

Bank stocks see 'bloodbath' amid fraud-linked credit fears

Regional bank stocks were pummeled on Thursday due to credit quality concerns spurred by several regional lenders' latest disclosures about alleged borrower fraud. The KBW Nasdaq Regional Banking ...
Rolling Out

Zions bank’s $50M fraud has customers panicking

Zions Bancorporation’s massive loss sparks fears about hidden problems across America’s banking system A stunning fraud case has sent shockwaves through America’s banking system, leaving customers and ...
American Banker

Survey: U.S. businesses report losing 10% of revenue to fraud

Financial institutions face a rising tide of fraud, costing organizations a large share of their revenue and exposing significant vulnerabilities, particularly in digital channels and payments, ...
Nasdaq

NICE Actimize 2025 EMEA Fraud Survey Uncovers the Top Financial Fraud Types That FIs Must Prioritize

Technology will have a huge role to play in fraud detection with GenAI and consortium analytics shown to have the most promise The NICE Actimize “2025 EMEA Financial Fraud Trends and Investment ...
Crowdfund Insider

Alloy and Q2 to Provide Fraud Monitoring Solution for Banking Institutions

Q2 Holdings Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, announced a strategic partnership with Alloy, an identity and fraud prevention platform provider, ...