51% of check fraud victims had been targeted two or more times Security Staff April 9, 2024 Almost a third of Americans surveyed (31%) admitted to either not following best practices to avoid check fraud or being unsure whether they do so. Read More
Security leaders discuss the U.S. Treasury's concerns regarding AI Security Staff April 8, 2024 The U.S. Department of the Treasury released a report regarding cybersecurity threats in the financial sector, specifically related to AI. Read More
69% of financial services consumers prioritize fraud protection Security Staff March 6, 2024 According to a report, 69% of consumers rank good fraud protection in their top three considerations when choosing a financial service provider.Read More
Consumers lost over $10 billion to fraud in 2023 Security Staff February 12, 2024 The Federal Trade Commission (FTC) released data revealing that consumers lost over $10 billion to fraud in 2023, at 14% increase from 2022.Read More
Americans received 15 spam calls a month in Q4 2023 Security Staff February 9, 2024 Fraud calls around the globe were analyzed in a recent report. According to the report, there were 7.3 billion unwanted calls globally in Q3 2023.Read More
Mobile payment fraud increased in 2023 Security Staff December 4, 2023 According to a recent report from BioCatch, mobile banking rates increased to 73% in 2023. This rise has also led to a surge in mobile fraud.Read More
37% of adults change passwords following a scam Security Staff November 30, 2023 According to a survey by Citi, 27% of U.S. adults have fallen victim to a financial scam despite 90% feeling confident that they could detect scams.Read More
Mississippi received the most spam calls per month in 2023 Security Staff November 30, 2023 A recent Truecaller report found that Americans receive an average of six spam calls a month, with Mississippi receiving the highest number of calls.Read More
FTC announces plans to mitigate AI voice fraud Security Staff November 24, 2023 The Federal Trade Commission (FTC) has announced plans to better protect consumers from artificial intelligence (AI) voice cloning and fraud.Read More
Combatting the next wave of AI fraud Kathleen Peters November 1, 2023 Generative AI can create efficiencies that will increase productivity, improve internal operations and enhance creativity. Yet, the evolution of large language models and the use of generative AI can open doors for fraudsters.Read More