Fraud news and trends

House Report Finds 1,800% Increase in Fraud Losses Since 1997

July 22, 2026
House Financial Services Committee, stablecoins, CBDC, regulations
Fake Employees Are Banks’ Newest Insider Threat
Artificial Intelligence // July 20, 2026

The account is real. The credentials are real. The employee is not. Synthetic insiders use stolen identities, deepfake technology and remotely controlled devices to get hired, pass background checks and log in through approved accounts: access that looks legitimate because it is legitimate. The person...

Coca-Cola Unit Becomes 17th US Cyber Incident This Year
Cybersecurity // July 17, 2026

Seventeen companies in the United States have reported or been affected by cyber incidents this year amid a worldwide surge in artificial intelligence-driven cyberattacks, Reuters reported Friday (July 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

78% of CFOs Say Payment Blind Spots Increase Customer Friction
Fraud Prevention // July 15, 2026

The best fraud prevention stops bad transactions and lets good ones move faster. But new findings in the June 2026 edition of The 2026 Certainty Project, a PYMNTS Intelligence and Plaid collaboration, reveal the ways in which that definition is no longer complete. Although nearly...

A Mobile Wallet Can’t Tell a Privacy Guard From a Fraudster. That’s the Problem.
Mobile Payments // July 14, 2026

Fraudsters and privacy-conscious consumers have one thing in common. Neither wants to be easily found. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Interviews & Exclusives
78% of CFOs Say Payment Blind Spots Increase Customer Friction

July 15, 2026
The best fraud prevention stops bad transactions and lets good ones move faster. But new findings in the June 2026 edition of The 2026 Certainty Project, a PYMNTS Intelligence and Plaid collaboration, reveal the ways in which that definition is no longer complete. Although nearly 6 in 10 surveyed CFOs (58%) said their companies give […]

A Mobile Wallet Can’t Tell a Privacy Guard From a Fraudster. That’s the Problem.

July 14, 2026
Fraudsters and privacy-conscious consumers have one thing in common. Neither wants to be easily found. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

85% of CFOs Say Automation Cuts Payments Friction

July 13, 2026
Security controls are designed to stop bad payments, but new data suggested the strongest systems may be the ones customers barely notice. Get the Full Story Complete the form to...

Three-Quarters of Financial Firms See Identity Inconsistencies

July 10, 2026
Digital revenue has turned identity verification from a back-office control into a front-door growth issue for financial services firms. Get the Full Story Complete the form to unlock this article...

Quick Reads
House Report Finds 1,800% Increase in Fraud Losses Since 1997

July 22, 2026
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive […]

Coca-Cola Unit Becomes 17th US Cyber Incident This Year

July 17, 2026
Seventeen companies in the United States have reported or been affected by cyber incidents this year amid a worldwide surge in artificial intelligence-driven cyberattacks, Reuters reported Friday (July 17). Get...

Ransomware Negotiator Gets 6 Years in Prison for Assisting Scammers

July 12, 2026
A cybersecurity expert has been sentenced to prison for helping criminals scam his clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Block Pays $45 Million to Settle 46-State Probe Into Cash App Fraud Protection and Resolution

July 09, 2026
Block will pay $45 million to settle allegations from 46 states that the company misled consumers about the safety of its peer-to-peer payments app, Cash App, and failed to provide the fraud protection and...