Banks are currently grappling with a significant rise in fraud attempts and losses linked to debit cards and checks. The Federal Reserve has gathered data from bank risk officers, revealing that these traditional payment methods are increasingly targeted by fraudsters. Approximately three-quarters
Google continues to face significant challenges in the artificial intelligence (AI) landscape, particularly in maintaining competitiveness with the Gemini AI chatbot against leading rivals like OpenAI’s ChatGPT and Microsoft's Copilot. Recently, substantial changes have been undertaken within G
The escalating issue of fraud continues to plague ecommerce and retail businesses in North America, leading to significant financial and operational challenges. The latest LexisNexis True Cost of Fraud Study provides critical insights into these issues, shedding light on the financial burden of
Cryptocurrency, specifically Bitcoin, has transformed the financial landscape. However, its pseudonymity has also made it a target for illicit activities. The article delves into the innovative use of Graph Convolution Networks (GCNs) for detecting fraud within Bitcoin transactions.
Yooz, a leading provider of cloud-based purchase-to-pay (P2P) automation solutions, has announced the introduction of its advanced fraud prevention and security solution, YoozProtect, to the North American market. This initiative comes at a crucial time when financial fraud, particularly in the
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
