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 ...

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 ...

The rise in bank fraud has reached unprecedented levels, with a 70% increase in just one year, resulting in $5.8 billion in losses. According to the Federal Trade Commission (FTC), this surge has ...

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. ...

Preventing fraud and scams can be a case of whack a mole for banks and payments companies as bad actors deploy new technologies to fool consumers and employees. But there are steps financial ...

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 ...

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 ...

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 ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. MEMPHIS, Tenn. — A Memphis woman has been ...