Introduction: Why AI in Fraud Detection Matters Fraud in the U.S. continues to surge. In 2024, consumers reported $12.5 billion in losses to the FTC, while the FBI’s IC3 report tallied $16.6 billion in cyber-enabled crimes. For U.S. financial institutions,…
Intro: This article is a practical guide to bank scam prevention for fraud analysts, prevention teams, and detection specialists. It explains current scam tactics, the signals to log, the controls to deploy, and the KPIs to measure – so teams…
Discover how synthetic identity fraud combines real and fake information to bypass security checks, posing significant risks to financial institutions and consumers. Learn key strategies for detection, prevention, and future trends in combating this growing threat.
