AUSTRAC is investigating a widening mortgage loan fraud scandal, after a syndicate duped Commonwealth Bank into writing $1 billion in loans off fake payslips.

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

Your weekly cybersecurity roundup covering the latest threats, exploits, vulnerabilities, and security news you need to know.

Last year, US banks used real-time machine learning to flag over 90 percent of suspected fraud, yet almost half of chargeback ...

1 Department of Computer and Instructional Technologies Education, Gazi Faculty of Education, Gazi University, Ankara, Türkiye. 2 Department of Forensic Informatics, Institute of Informatics, Gazi ...

Federal authorities have accused a Middle Eastern man of illegally living in Pittsburgh, misusing visas and providing a false name among other related offenses. Mahmoud Almasry, 44, also known as ...

Greg Ulrich is the Chief AI and Data Officer at Mastercard and a member of the company’s Management Committee. He previously served as Executive Vice President of Corporate Strategy and M&A, guiding ...

Add Yahoo as a preferred source to see more of our stories on Google. The National Republican Congressional Committee criticized Maine House candidate Matt Dunlap for his work as a state auditor.

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 ...

Credit union’s video verification policy prevents wire fraud targeting member who had already lost $1.2 million at another institution The longer credit unions wait to implement video verification, ...

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 ...