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AI has taken over imaginations. It's also taking over fraud.

In a recent survey, financial institutions named artificial intelligence their top priority for investments against increasingly sophisticated fraud. ....

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One in five community banks experience impersonation attacks: Report

Fraudsters sometimes target customers of credit unions and smaller banks because the institutions lack the cybersecurity resources of larger players. ....

United-states , Washington , America , Christopher-schnieper , Josh-shaul , Carter-pape , National-credit-union-administration , Spokane-teachers-credit-union , Chase-or-bank , Internet-corporation-for-assigned-names , Deposit-insurance-corp , Lexisnexis-risk-solutions

How to Verify User Identities Without Creating CX Friction

Account takeovers can cost both companies and customers money. How can companies verify user identities without causing CX pain points? ....

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Fraud is down, but more expensive

Although the number of scam attempts is falling, especially in financial services, costs are up, data shows. ....

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Cybercriminals target mobile as consumers embrace digital transactions

With consumers increasingly using digital mobile transactions, cyberattacks on mobile delivery channels have more than tripled, according to the LexisNexis Risk Solutions Cybercrime Report.
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