Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the ...

The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

Digital channel usage, account reconciliation and physical check safety are a few of the areas banks can advise customers on ...

Read on for the most recent elder fraud and financial abuse statistics. There were 92,371 victims of elder fraud in 2021. Elder fraud losses increased by 391.9% ($343 million to $1.685 billion ...

In 2023, fraud scams and bank fraud schemes totaled $485.6B in projected losses globally. Verafin, a Nasdaq company, has been a partner to the financial industry for decades and provides industry ...