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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

Fraud attacks are at an all-time high. According to the FTC, in 2023, U.S. consumers reported losing more than $10 billion to fraud, a 14% increase over 2022 and the highest dollar amount ever ...

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud ...

An EBA-ECB report on payment fraud indicates that strong authentication remains effective but fraudsters are adapting. There are a wide range of fraudulent activities and tactics now being employed to ...