Fraud & Scams

Banks face pressure to deliver seamless user experiences for their customers and stop fraudsters cold. Learn more about how banks can manage risk more effectively in the digital banking age.

Latest

Understanding Social Engineering Fraud: From Psychological Traps to AI‑Driven Fraud

Social engineering scams may start with a phone call from someone impersonating a loved one, claiming to need your help. Or it might be an urgent email that appears to be from your boss. Or a text message from a government agency warning you about a hefty fine you didn’t expect. According to a 2023 report from the Federal Trade Commission, these scams have already cost US consumers $12.5 billion in losses.

Dan Holmes
10 minutes • Fraud & Scams

Illustration of a bank with long shadow pointing; for article on enterprise fraud management for banks

What is Enterprise Fraud Management (EFM): Strategies and Emerging Trends

If you want to secure your house from intruders, your first move would be to lock your door, right? It’s a smart first step. But determined criminals aren’t easily deterred.

Andy Renshaw
10 minutes • Fraud & Scams

Illustration of a large jigsaw puzzle; for article on Feedzai and Jack Henry's collaboration on fraud prevention

Scaling Smarter: Jack Henry’s New Age of AI-powered Financial Crime Defense

Financial institutions today operate in a pressure cooker. In addition to escalating fraud threats, they’re also faced with evolving regulatory ...

Brandon Rusboldt, Phong Rock
6 minutes • Fraud & Scams

Illustration showing 3D rendering of a radar screen, banks at the center. Criminals are detected by the radar; for article demonstrating how machine learning enables fraud detection for banks and financial institutions

What is Fraud Detection for Machine Learning?

Explore the key benefits of machine learning solutions, how the technology is being applied in different industries, and key steps organizations can take when partnering with a vendor.

Jaime Ferreira, Vice President of Risk & AI at Feedzai, leading fraud prevention and anti-money laundering efforts. Jaime Ferreira
9 minutes • Fraud & Scams

Illustration of rocket launching into space; demonstrating how fraud tools enable growth for financial institutions.

Fraud Tools Aren’t Just a Cost, They’re Your Next Growth Driver

Fraud prevention is often treated like duct tape on a leaking pipe: patch up the holes, hope for the best, and try not to flood the boat. It’s a necessary cost. But what if we’ve been looking at it all wrong?

Nir Moatty
5 minutes • Fraud & Scams

Illustration showing several people in green who look alike walking in the same direction. A single person is in orange and looking suspiciously from the crowd, with money falling around them. For an article on new account fraud.

New Account Fraud: How to Prevent & Detect Against It?

Learn new account fraud operates and how businesses can protect their reputations, their revenues, and stop criminals at the front door.

Joao Veiga
10 minutes • Fraud & Scams

Illustration of hands holding a smartphone. Digital technology reviews a face on the screen for application fraud.

Application Fraud: How to Detect & Prevent For Your Business

When customers need new credit cards or a loan, they don’t want to plan a visit to a branch to ...

Tejal Kaur
8 minutes • Fraud & Scams

Illustration showing money leaving a customer's digital wallet and into a criminal's palm in real-time. For article on 7 Examples of Real-time Payment Frauds and How to Prevent Them

7 Examples of Real-time Payment Frauds and How to Prevent Them

The ability to move money in seconds instead of hours or days is what makes real-time payments so appealing. Unfortunately, it also comes with a risky side effect: the threat of real-time payments fraud and scam losses.

Joel Carvalhais
10 minutes • Fraud & Scams