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 ...

Massachusetts is among the worst states in the country in fraud detection, an expert says, as several public benefits fraud schemes have been uncovered recently by both federal and state investigators ...

Earlier this month, Secretary of Homeland Security Kristi Noem made a sudden visit to Arizona to discuss “election security,” which she and other Trump administration officials have routinely claimed ...

Minnesota Gov. Tim Walz has ended his run for a third term. The Trump administration is meanwhile cracking down on the state's fraud-riddled program. On this episode All Things, Kim Strassel speaks ...

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 ...

CARLSBAD, CA, UNITED STATES, January 28, 2026 /EINPresswire.com/ — Check fraud continues to be a costly threat for businesses of all sizes. SecurePay Advantage ...

This hybrid approach achieves 94.1% accuracy while maintaining a low 2.8% false positive rate, making it suitable for production deployment in UIDAI's fraud detection pipeline. uidai-anomaly-detection ...

Two men from Pennsylvania admitted to repeatedly traveling from Philadelphia to Minneapolis in an effort to defraud Minnesota’s Housing Stabilization Services (HSS) program, prosecutors announced. The ...

Background: Fraud is a type of financial crime risk that poses threats to customers and banks. There're multiple typologies within fraud such as authorised and unauthorised digital, payment, credit ...

ReturnPro, the industry leader in end-to-end returns management and reverse logistics, today announced a strategic partnership with Clarity, the category-defining item intelligence platform, to ...

Four people, including two Venezuelan citizens, used 115 stolen identities in a $1 million food stamps and pandemic unemployment fraud scheme, the Justice Department said Tuesday. Federal prosecutors ...