American financial institutions face an escalating challenge: criminals are systematically weaponizing US bank accounts to move, disguise and launder illicit funds. Over the past five years, evidence ...

When a bank decides your account looks suspicious, the impact is immediate and personal: debit cards can stop working, online ...

A massive bank fraud operation that stole nearly $9 million from elderly Americans has been shut down, and it all unraveled because of one suspicious transfer. The $250,000 deposit into a newly opened ...

Banks reported slightly more instances of fraud in 2024 compared to 2023, and consumers reported slightly fewer instances of scams. However, scams became costlier as criminals extracted more funds ...

Online information safety concept. Increasing the quantity of fraud issues. The word Fraud against going up red chart graph. 3D illustration about hacker attacks. American consumers face mounting ...

AMERICUS, Ga. (WALB) - The ringleader of a bank fraud and aggravated identity theft scheme was sentenced to federal prison on Wednesday, June 4. According to a press release, Jalen Tylee Hill, a.k.a. ...

The financial services industry is relying on outdated methods of detecting and fighting fraud. With the assistance of artificial intelligence, criminals are penetrating vulnerable systems. It's time ...

SHREVEPORT, La. – One of 21 local residents involved in an extensive bank fraud scheme that netted more than $4 million has been sentenced to federal prison. Elijah D. Brown, 24, was already serving a ...

Texas National Bank learned from experience that 2022 was a big year for check fraud. The Financial Crimes Enforcement Network (FinCEN) reported that cases actually doubled from 2021 to 2022, and the ...