Identity verification systems are struggling with synthetic fraud
Fake and expired IDs keep showing up in routine customer transactions, from alcohol purchases to credit card applications. The problem shows...
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5 artificial intelligence scams targeting you right now
There’s no doubt that artificial intelligence (AI) is changing the world we live in. That includes the methods used by scammers...
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Florida health insurance agent accused of $323k fraud involving hundreds of fake policies
A licensed health insurance agent in Florida has been arrested, accused of orchestrating a staggering $323,000 fraud scheme, allegedly creating over...
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Arrests made after $1.5-million Burbank home sells without the owner or buyer being aware
Using fake identities and purchase agreements and forged loan applications, four people allegedly cooked up a months-long scheme to sell a...
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AI is helping banks save millions by transforming payment fraud prevention
AI’s double-edged impact on payment fraudThe estimated global financial impact of fraud grew to more than $485 billion in 2023 —...
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Equifax Introduces Enhanced Synthetic Identity Fraud Detection
Equifax® (NYSE: EFX) announced the launch of Synthetic Identity Risk, a next-generation fraud detection product that leverages AI capabilities to help businesses identify and prevent synthetic identity fraud,...
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2 more charged after dozens arrested in fraud scheme resulting in $4M-plus lost
Two more people have been arrested, and police are searching for a third suspect in connection with a fraud and money...
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