ai fraud detection

AI & Tech

Lloyds Bank targets £2bn AI cost cuts by 2030 as profits rise

Lloyds Banking Group announced a plan to cut £2bn in costs through AI by 2030, alongside a 23% rise in…

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AI & Tech

US bets on AI to catch insider trading in prediction markets

The CFTC is actively targeting U.S. traders who use VPNs to access offshore prediction markets like Polymarket, with Chairman Michael…

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AI & Tech

Fingerprint MCP: AI-Powered Fraud Insights in Real Time

Fingerprint has launched an open-source Model Context Protocol (MCP) Server that connects AI assistants directly to its device intelligence platform,…

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AI & Tech

How AI Decisions Drive Customers Away

An AI fraud detection system flagged a legitimate credit card transaction during travel, highlighting a growing tension between automated efficiency…

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Artificial Intelligence

Ex-Meta Staffers Fight Back Against Scam Ads on Social Media

Former Meta executive Rob Leathern is concerned about the rise of AI-generated scam ads and believes platforms are not investing…

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Artificial Intelligence

Mastercard Launches AI-Powered Fraud Defense Tool

Mastercard has launched Threat Intelligence, an AI-powered platform that combines payment fraud data with cyber threat intelligence to provide real-time…

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Artificial Intelligence

Microsoft Banned 1 Billion Violating Ads in 2025

Microsoft removed or restricted over 1 billion ads in 2025, targeting scams, counterfeit content, and malicious actors through advanced AI…

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Artificial Intelligence

Google Cuts Deceptive Ad Traffic by 40%

Google reduced misleading ad traffic by 40% using AI tools like large language models to improve detection and enforcement. Invalid…

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Artificial Intelligence

Must-See Security Solutions Post-Black Hat USA 2025

Black Hat USA 2025 showcased cutting-edge cybersecurity innovations, including AI-driven fraud prevention and advanced attack path management tools, to combat…

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Artificial Intelligence

Top Infosec Products to Watch in July 2025

The cybersecurity landscape is evolving with new AI-powered solutions like Darwinium's Beagle and Copilot, which simulate attacks and expose vulnerabilities…

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Business

2025 Fraud Trends: Rising Risks for Online Retailers

The eCommerce sector is experiencing a surge in fraudulent activities driven by financial pressures, geopolitical instability, and evolving cyber threats,…

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AI & Tech

Finance Firms Block $5M Fraud Using AI-But Is the Cost Too High?

Financial institutions are using AI to combat fraud, with some preventing over $5 million in losses, but face challenges like…

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Business

Socure Workforce Verification Stops Fake & Altered IDs

Businesses face rising employment fraud, with fake applicants using AI-generated documents and synthetic identities to bypass hiring checks, prompting Socure…

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Artificial Intelligence

Tracer AI Fights Fraud & Counterfeits in ChatGPT

The rapid adoption of generative AI tools like ChatGPT has increased risks of brand abuse, prompting Tracer AI to launch…

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Artificial Intelligence

Google Boosts AI Fraud Detection & Security in India

Google is enhancing AI-powered security in India to combat rising digital fraud, including scams linked to UPI payments, which surged…

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