American financial institutions face an escalating challenge: criminals are systematically weaponizing US bank accounts to move, disguise and launder illicit funds. Over the past five years, evidence ...

Banks reported slightly more instances of fraud in 2024 compared to 2023, and consumers reported slightly fewer instances of scams. However, scams became costlier as criminals extracted more funds ...

A massive bank fraud operation that stole nearly $9 million from elderly Americans has been shut down, and it all unraveled because of one suspicious transfer. The $250,000 deposit into a newly opened ...

The rise in bank fraud has reached unprecedented levels, with a 70% increase in just one year, resulting in $5.8 billion in losses. According to the Federal Trade Commission (FTC), this surge has ...

Bitcoin ATMs have seen a rapid rise in popularity in the US, with over 30,000 machines in operation in 2024, making up ...

AMERICUS, Ga. (WALB) - The ringleader of a bank fraud and aggravated identity theft scheme was sentenced to federal prison on Wednesday, June 4. According to a press release, Jalen Tylee Hill, a.k.a. ...

Losses Surge to €4.2 Billion. Europe’s latest payment fraud figures are stark. According to the joint 2025 EBA-ECB report, ...

SHREVEPORT, La. – One of 21 local residents involved in an extensive bank fraud scheme that netted more than $4 million has been sentenced to federal prison. Elijah D. Brown, 24, was already serving a ...