Topic: advance-fee scams

  • Fighting Next-Gen Financial Fraud: Key Strategies

    Fighting Next-Gen Financial Fraud: Key Strategies

    Synthetic identity scams cost U.S. banks $6 billion annually, with criminals using data breaches and AI-powered tools to create and exploit fake identities. AI accelerates fraud by enabling large-scale scams, such as advance-fee schemes, where criminals target victims more efficiently and at mini...

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