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
15% of adults have been targeted by inheritance scams Security Staff March 20, 2024 Payment and financial scams were analyzed in a recent report by Visa, finding that adults were losing more money to scams from June to December 2023.Read More
American Express announces data breach Security Staff March 7, 2024 American Express announced that card members' account and financial data may have been affected by a data breach involving third party partners.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
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
Fraud attacks on financial industry call centers rising Security Staff November 7, 2023 A new survey found that fraud attacks on call centers are on the rise, based on growth from 2021 to 2022, with financial industry respondents noting an even more acute increase.Read More
Financial sector sees rise in digital identity verification Security Staff October 2, 2023 According to a Juniper Research report, the rate of digital identity verification checks is on the rise in response to increased identity theft.Read More
Synthetic identity fraud fastest growing financial crime in U.S. Security Staff August 18, 2023 A Deloitte report found that synthetic identity fraud such as deepfakes could trigger the need for more sophisticated biometric security systems.Read More
Financial services industry sees rise in public cloud storage Security Staff July 18, 2023 A report highlights how financial services organizations have embraced the cloud in response to the pandemic-fueled movement toward remote work. Read More
AI and machine learning have been added to financial crime programs Security Staff July 6, 2023 A report found that 69% of global executives and risk professionals worldwide expect financial crime risks to increase over the next 12 months. Read More