fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

OCC Recommends Banks Sharpen AI Defense Tactics

OCC Recommends Banks Sharpen AI Defense Tactics
OCC Recommends Banks Sharpen AI Defense Tactics
May 08, 2026  |  Cybersecurity

The Office of the Comptroller of the Currency highlighted artificial intelligence as both a risk and an opportunity for innovation in its spring 2026 Semiannual...

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AI Fraud Pushes Banks to Rethink ID Verification
AI Fraud Pushes Banks to Rethink ID Verification
May 08, 2026  |  Digital Identity

The modern trust economy was built to eliminate ambiguity. Instead, it is producing more of it. Get the Full Story Complete the form to unlock...

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Vendor Breaches Create a New SEC Compliance Test
Vendor Breaches Create a New SEC Compliance Test
May 07, 2026  |  Cybersecurity

The public narrative around third-party cyber risk has traditionally focused on downstream fallout. Get the Full Story Complete the form to unlock this article and...

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Banks Are Building the Trust Layer AI Can’t Break
Banks Are Building the Trust Layer AI Can’t Break
May 06, 2026  |  Digital Identity

Banks, payment firms and digital platforms are rebuilding identity verification around what many executives now describe as “ID supply chains,” a networked approach to trust...

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Federal Reserve Steps Up Fight Against Consumer Fraud
Federal Reserve Steps Up Fight Against Consumer Fraud
May 05, 2026  |  Fraud Prevention

Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (May 5) that she is raising consumer fraud as a priority issue for the...

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HSBC Loses $400 Million to Private Credit Fraud
HSBC Loses $400 Million to Private Credit Fraud
May 05, 2026  |  Earnings

HSBC took a $400 million expected credit loss (ECL) in the first quarter due to what it called “fraud-related, secondary, securitization exposure with a financial...

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Regula Warns Digital Identity Has a Human Problem
Regula Warns Digital Identity Has a Human Problem
May 05, 2026  |  Digital Identity

Identity and authentication in financial services are having a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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AI Wrote the Perfect Scam and Now Fights It
AI Wrote the Perfect Scam and Now Fights It
May 04, 2026  |  Artificial Intelligence

Internet crime losses hit $20.9 billion in 2025, the FBI reported. Most of the damage didn’t come from malware or data breaches. It came from...

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