Financial fraud has reached alarming levels in recent years, with reported losses in 2024 amounting to over $12.5 billion—a significant 25% increase compared to the previous year. In response to this trend, an overwhelming 77% of surveyed financial institutions anticipate that fraud cases will c
In today's rapidly evolving financial landscape, the security and integrity of transactions are more paramount than ever before. With the growing menace of financial crimes such as money laundering and fraud, businesses seek robust solutions to safeguard their operations. Pleo, a leading
Since taking office after the dismissal of Democratic FTC Commissioners by President Trump, new FTC Chair Andrew Ferguson has swiftly set his agenda in motion. His primary focus areas are combating consumer fraud, safeguarding American workers, and examining the content moderation practices of Big
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, we discuss Experian's recent research report conducted by Forrester Consulting, examining how Generative AI (GenAI) is reshaping fraud
Self-checkout (SCO) systems have become a staple in modern retail due to the demand for speed and convenience. However, the rise of SCO has also brought significant security challenges, particularly concerning fraud and theft. Traditional security measures are failing to keep up with these new
As check fraud becomes an increasing concern, VeraBank and the Independent Community Bankers of America (ICBA) have joined forces in partnership with the U.S. Postal Inspection Service to address this pressing issue. Check fraud schemes often involve the interception and alteration of legitimate
