Money
AI-Driven Scams Result in $442 Billion in Global Losses
Global losses from scams reached $442 billion last year as AI-driven tools accelerate the scale and speed of fraudulent activities.
October 12, 2026, 01:46 AM·PYMNTS.com
#fraud-prevention
Money
AI Sector Poised to Boost Q3 Earnings as Fraud Prevention Tools Gain Traction
AI companies are expected to drive a 31% increase in S&P 500 earnings for the third quarter, while new research highlights the effectiveness of AI tools in preventing payment fraud.
PYMNTS.com
Money
Neobanks Face Escalating Fraud Costs Despite Higher Security Spending
Neobanks and FinTechs have increased fraud prevention spending by 357% to $8 million per institution, even as average fraud losses continue to rise to $2.84 million.
PYMNTS.com
AI
Plaid Expands AI Portfolio With Real-Time Credit and Fraud Models
Plaid has launched a series of AI-driven credit and fraud models that utilize real-time cash flow data to improve lending decisions and payment security.
PYMNTS.com
Money
Global Payment Systems Adopt Real-Time Payee Verification
Financial institutions are integrating payee verification into payment workflows to combat fraud, while regulators and startups scale these systems across international markets.
PYMNTS.com
Money
MTS Introduces Family Alert System for Elderly Subscriber Protection
MTS has launched a free notification service that alerts family members when elderly subscribers receive suspicious phone calls.
CNews.ru
AI
MTS Reports on Fraudulent Call Trends in Yakutia for Summer 2026
MTS blocked over 7 million scam calls in Yakutia during the summer of 2026, with fraudulent activity peaking in August as attackers exploited back-to-school routines.
CNews.ru
AI
Truecaller Expands Fraud Detection Beyond Caller ID
Truecaller is expanding beyond caller ID with the launch of Scam Checker, a free tool for verifying suspicious links and messages using community-sourced fraud data.
TechCrunch
Money
New Report Examines Corporate Strategies for Payment Fraud Prevention
A new PYMNTS Intelligence report reveals how large U.S. firms are shifting fraud prevention measures to the pre-payment stage to secure outbound vendor transactions.
PYMNTS.com
Money
FTC Settlements With Nuvei and Humboldt Highlight Merchant Screening Risks
The FTC has secured $16.85 million in settlements from Nuvei and Humboldt Merchant Services following allegations of inadequate merchant screening and processing for deceptive businesses.
PYMNTS.com
Money
Baselayer Secures $35 Million to Verify AI Agents
Baselayer has raised $35 million in Series A funding to expand its identity verification technology to AI agents.
Crunchbase News
Money
Plaid and ID.me Partner to Secure Government Benefit Disbursements
Plaid and ID.me are partnering to integrate account verification tools into government benefit payments to reduce fraud and improper disbursements.
PYMNTS.com
Money
Institutional Trust Vulnerabilities Exposed by Revolut and Fed Incidents
Recent security incidents at Revolut and the Federal Reserve highlight emerging operational risks linked to the exploitation of trusted government infrastructure.
PYMNTS.com
Money
Nasdaq Verafin and Stablecore Integrate Crypto Monitoring for Banks
Nasdaq Verafin and Stablecore are partnering to integrate digital asset transaction data into bank compliance systems, with a full rollout expected by early 2027.
PYMNTS.com
AI
F6 and Max Partner to Combat Digital Fraud
F6 and Max have partnered to combat phishing and scams, using AI-driven tools to neutralize over 2,500 malicious resources in two months.
CNews.ru
Money
U.S. Card Issuers Focus on AI and Platform Upgrades
A new PYMNTS Intelligence and Visa DPS report surveys 500 U.S. payment leaders to identify key investment priorities for card issuers facing growing fraud threats.
PYMNTS.com
Money
Fraud Prevention as Scalability Infrastructure for Gaming Startups
Online gaming startups are integrating fraud prevention into their core infrastructure to support scalable growth and reduce operational risks.
Tech Funding News
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