Credit card fraud is the most common form of identity theft, according to the FTC. Nearly 450,000 cases of credit card fraud were reported to the FTC in 2024, and 416,579 cases were reported in 2023.
Payment card fraud losses worldwide reached $33.83 billion in 2023, according to The Nilson Report’s Annual Fraud Statistics issue — up 1.1 percent from 2022. In the next 10 years, card fraud will ...
Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...
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Graph neural networks show promise for detecting money laundering and collusion in transaction webs
A review by researchers at Tongji University and the University of Technology Sydney published in Frontiers of Computer Science, highlights the powerful role of graph neural networks (GNNs) in ...
Credit card fraud has been on the rise in recent years. The Federal Trade Commission’s most recent database indicates that 416,582 cases of credit card fraud were reported in 2024, making it one of ...
Imagine receiving a notification about suspicious charges on a credit card you haven’t even received yet. How could that happen? While it sounds surprising and unsettling, it's increasingly common due ...
International authorities have dismantled three massive credit card fraud and money laundering networks, linked to losses exceeding €300 million ($344 million) and affecting over 4.3 million ...
Credit card fraud is rising fast. These five easy habits can make you way less vulnerable to scams, breaches, and identity theft.
Credit card fraud is the most common form of identity theft, according to the Federal Trade Commission (FTC). The four major credit card networks — Visa, Mastercard, American Express and Discover — ...
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