Recent data from the Federal Trade Commission (FTC) shows that U.S. fraud losses topped $10 billion in 2023, indicating that the risk of cybercrime has soared to unprecedented heights. And digital tools have an increasingly important role to play in both perpetuating these threats, “making it easier...
The greatest innovations are those that democratize access to new skills and empower populations. Generative artificial intelligence (AI) promises to be one of those innovations. But a side effect of that democratization is that it can be used by anyone — even criminals and bad...
For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services at PSCU, told PYMNTS that FIs are grappling with the rising tides of first-party and third-party fraud. The pandemic has...
April 10, 2024
There’s no shortage of damage payments and social engineering fraud can do to a company as well as its member relationships. Creating silos within an organization usually isn’t one of them, but it’s exactly the aim of an upgraded fraud prevention effort from PSCU/Co-op Solutions. The fraudsters are getting more sophisticated, and social engineering and artificial […]
October 04, 2023
The greatest innovations are those that democratize access to new skills and empower populations. Generative artificial intelligence (AI) promises to be one of those innovations. But a side effect of...
March 30, 2023
For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services at PSCU, told PYMNTS that...
