Americans reported losing $3.5 billion to imposter scams in 2025, making it the most-reported fraud category tracked by ...

Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from transactions that have the characteristics of known fraud schemes, writes ...

Indian Bank and VIT Chennai honoured PSBS Hackathon 2026 winners for innovative fraud detection solutions targeting mule accounts and cyber fraud.

Fraud detection requires leveraging new tools and models to keep ahead of increasingly sophisticated fraud. Financial institutions use AI to detect and prevent billions of dollars of fraud each year ...

Auto lending has an unprecedented rise in sophisticated fraud, with loss exposure growing to a record $10.4 billion in 2023.

Forbes contributors publish independent expert analyses and insights. Writes about the future of payments. Let us have a closer look at the way AI is revolutionizing financial fraud prevention and ...

HDFC Bank has developed Neev, its proprietary AI platform, and an in-house real-time fraud detection system to enhance security and tackle rising banking frauds effectively.

“Unusual activity detected in your account. Immediately open this link to verify your identity.” You’re on the verge of clicking the link when you remember reading an alarming article about identity ...

Generative artificial intelligence is transforming financial fraud from a predominantly human-driven endeavor into a scalable, automated, and highly personalized threat. The emergence of synthetic ...

Mule accounts have become a significant challenge for India's cybercrime enforcement agencies, as through these accounts the fraudsters move illicit funds through banks before detection ...

South Africans who use banking apps on their smartphones are being warned to be extra cautious when approving payment ...