Every Scam is a Magic Trick. The Key is Watching the Other Hand Cybercrime losses hit $21B last year. Five times what they were in 2020. A good magician never hides the move. They show you both hands the whole time. They just make sure you are watching the wrong one. That is the entire … Continued
Three Rays of Check Fraud. One Sunscreen Will Not Catch Them All It is June. The drugstore SPF aisle just doubled in size, every other Reel is a dermatologist breaking down mineral versus chemical, and most of us know broad spectrum is the floor, not the ceiling. I have been thinking about that floor this … Continued
Memorial Day is Behind Us. Fraud Loves Summertime. Summer 2026 is not easing in. Account holders are moving between digital and traditional accounts at the highest rate in three years, and a lot of fraud signal is moving with them. Monzo retreated from the US market in March (PYMNTS, March 2026). Only 15% of neobanks … Continued
Seniors Lost $7.7 Billion Last Year Friday was National Senior Fraud Awareness Day. Two weeks earlier, the FBI handed it a statistic: $7.7 billion in elder fraud losses in 2025, up 59% in a single year. A 30-second voice clip is now enough to clone a grandchild’s voice well enough to fool an 86-year-old. Where … Continued
The Favorite Lost the Derby. Same in Fraud. On Saturday, Cherie DeVaux became the first woman to train a Kentucky Derby winner in the race’s 152-year history. Her horse, Golden Tempo, came from dead last to win at the wire. 23-1 Golden Tempo’s odds at the 2026 Kentucky Derby ESPN, May 2, 2026 Two Things … Continued
Why Stolen Checks are Fueling FedNow Scams Check fraud is 30x more common than instant payment fraud. The gap between check fraud rates and instant payment fraud rates is wider than most FIs realize. It also tells you less than it looks like it does. Stolen check images sold on Telegram channels become the account … Continued
The Deliberate Targeting of Community FIs Fraudsters are coming for smaller FIs, on purpose. For years, the assumption was that bigger institutions carried more risk. More customers, more volume, more exposure. That’s changing. Fraudsters are now deliberately targeting community FIs not despite their size, but because of it. AI tools let bad actors scrape public … Continued
Cross-Generation Fraud Insights for Financial Institutions Different generations see money, payments, and risk through very different lenses. For financial institutions, that means fraud exposure doesn’t look the same for older adults, Gen X, millennials, and Gen Z, even when they use the same channels. This overview highlights cross-generation fraud facts you can use in customer … Continued
HIGH POINT, N.C., October 29, 2021 – REDi Enterprise Development Inc., a financial crimes management solutions provider, has announced a partnership with fraud detection software firm Advanced Fraud Solutions (AFS), to deliver an integrated card fraud detection solution to banks and credit unions. The partnership brings together REDi’s analytics and machine learning capabilities with AFS’ … Continued
Advanced Fraud Solutions and Q6 Cyber Reveal Latest Fraud Threats Developing in the dark web. Over the course of numerous widespread data breaches, the amount of compromised account information and PII available on the hidden web has grown exponentially. This alarming trend comes at a risk for financial institutions looking to protect their customers against…
