AUSTRAC is investigating a widening mortgage loan fraud scandal, after a syndicate duped Commonwealth Bank into writing $1 ...

FIRST ON FOX: The origins of a fraud-fighting technology now used by one of the world’s largest insurers trace back to a deadly insider attack during the Iraq War. Clearspeed founder Alex Martin was ...

Database engineer Sai Vamsi Kiran Gummadi is advancing real-time fraud detection in finance using machine learning and bi ...

Massachusetts is among the worst states in the country in fraud detection, an expert says, as several public benefits fraud schemes have been uncovered recently by both federal and state investigators ...

Earlier this month, Secretary of Homeland Security Kristi Noem made a sudden visit to Arizona to discuss “election security,” which she and other Trump administration officials have routinely claimed ...

South Korea is transitioning crypto market surveillance to AI-driven systems, in which algorithms automatically detect suspicious trading activity, replacing manual processes. The new detection model ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The move demonstrates how usage of AI and machine learning in ...

This hybrid approach achieves 94.1% accuracy while maintaining a low 2.8% false positive rate, making it suitable for production deployment in UIDAI's fraud detection pipeline. uidai-anomaly-detection ...

Two men from Pennsylvania admitted to repeatedly traveling from Philadelphia to Minneapolis in an effort to defraud Minnesota’s Housing Stabilization Services (HSS) program, prosecutors announced. The ...

Background: Fraud is a type of financial crime risk that poses threats to customers and banks. There're multiple typologies within fraud such as authorised and unauthorised digital, payment, credit ...

ReturnPro, the industry leader in end-to-end returns management and reverse logistics, today announced a strategic partnership with Clarity, the category-defining item intelligence platform, to ...

At the end of January, the Centers for Medicare and Medicaid Services (CMS) sent shockwaves through the healthcare industry when it proposed a substantially smaller-than-expected increase in the rate ...