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 ...

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 ...

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 ...

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 ...

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 ...

Losses Surge to €4.2 Billion. Europe’s latest payment fraud figures are stark. According to the joint 2025 EBA-ECB report, ...

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. ...

The Reserve Bank of India's (RBI) recent report indicates a decline in bank fraud cases but an increase in the financial losses incurred during 2025-26.

The share of card and internet frauds in the total stood at 66.8% in terms of the number of cases. In terms of amount, the share of advances-related frauds was 33.1%, the report said.

Based on the date of reporting by banks, the total number of frauds decreased to 5,092 in H1 FY26, as against 18,386 in the ...