The Financial Institution’s Role in Fighting Account Takeovers
Despite years of investment in anti-fraud measures, account takeover (ATO) issues continue to plague financial institutions and consumers. Traditional authentication methods have left too many gaps for cybercriminals to exploit, often through easily compromised or acquired credentials. Fighting this type of fraud has become a major concern for many financial institutions, often with diminishing returns. […]
U.S. Fights Rising Check Fraud Through Use of AI
Artificial intelligence is having a huge impact on the U.S. federal government’s fraud detection efforts. The Treasury Department credited AI with helping officials prevent and recover more than $4 billion in fraud during fiscal 2024 alone—six times the amount recovered in the previous year. And it’s not just digital payments that are subject to AI’s […]