These findings challenge the assumption that oversampling techniques like SMOTE inherently improve fraud detection outcomes.

Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from ...

Drona Pay is a real-time fraud detection platform that helps banks and fintechs flag risky transactions in milliseconds. It uses AI, behavioural profiling, and external references to stop scams ...

This method of streamlining the digital identity verification process for merchants and end users not only prevents fraud but ...

New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit and debit card disputes, aiming to make the process smoother for honest customers and ...

Duo accused of credit card fraud in Franklin The man and woman allegedly stole a woman’s credit card and used it to buy $1,600 worth of Apple products.

The ticketing company discovered the fraudulent activity when it received fraud notifications from the credit card company regarding the transactions. Police are investigating the reports.

Fraudsters are shifting to legitimate AI agents, effectively blinding core detection layers. Up to 500% increases in fraud losses are projected over the next few years due to breakdowns in detection.

A Life Care Center employee has been arrested for allegedly stealing and using a resident's debit card, according to McMinnville Police.

She thought she recognized the customer using the card, the report said — it was an employee at a nearby Chuck E. Cheese, where she was a regular.

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