Fraud Detection Vs. Fraud Prevention: Why Both Matter More Than Ever

“Fraud detection today is about precision, not just protection. The ability to differentiate legitimate customers from ...
Yahoo

Wendy And Eddie Osefo Allegedly Used Aliases And '40 Credit And Debit Cards' Before Fraud Arrest

Days after Wendy Osefo told "Real Housewives of Potomac" fans that she and her husband, Eddie Osefo, were remaining in good spirits following their fraud arrest, more damning news has surfaced.
Wall Street Journal

Using Your Credit Card at the Checkout Is Set to Get a Lot More Complicated

Your favorite latte at the local coffee shop could soon cost $5, $5.10 or $5.25—depending on how you pay. A settlement between Visa, Mastercard and U.S. merchants announced this week could usher in a ...
Wall Street Journal

Using Premium Credit-Card Rewards Is Becoming a Part-Time Job

The real price of a premium credit card isn’t the three-digit annual fee. For some, it’s the hours spent in spreadsheets trying to get their money’s worth. Eric and Charlene May have an arsenal of 14 ...
Bleeping Computer

Police busts credit card fraud rings with 4.3 million victims

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 ...
devdiscourse

AI credit card fraud detection models overstate accuracy

A new international study published in Computers has uncovered deep flaws in how artificial intelligence models are evaluated for credit card fraud detection. Titled “A Systematic Review of Machine ...
thefreefinancialadvisor

10 Reasons Your Credit Card Fraud Claim Was Denied—and What You Can Do About It

Credit card fraud can feel like a punch to the gut. You spot a suspicious charge, report it, and wait for your bank to make things right. But then you get the dreaded notice: your credit card fraud ...
American Banker

Bank stocks see 'bloodbath' amid fraud-linked credit fears

Regional bank stocks were pummeled on Thursday due to credit quality concerns spurred by several regional lenders' latest disclosures about alleged borrower fraud. The KBW Nasdaq Regional Banking ...
The New York Times

They Each Own 50 Credit Cards. Should You?

A growing number of Americans are making thousands by exploiting credit card reward offers. Credit...Paul Website Supported by By David Wignall Forget dog walking or lawn mowing. Matthew Palm’s side ...
CBS News

Romanian nationals charged with fraud, spent nearly $75K on Red Bull using stolen EBT cards

Two men are charged with fraud after they allegedly used stolen EBT cards to purchase energy drinks they would then sell to gas station owners at a profit. Charges filed in Anoka County, Minnesota, on ...
Frontiers

Enhancing credit card fraud detection using traditional and deep learning models with class imbalance mitigation

1 Department of Computer Science, College of Computing and Information Technology, Shaqra University, Shaqra, Saudi Arabia 2 InnoV'COM Laboratory-Sup'Com, University of Carthage, Ariana, Tunisia ...
FOX13 Memphis

Mississippi man steals $61K in credit card fraud from New Jersey victim, police say

OXFORD, Miss. - A case of cross-country credit card fraud led an Oxford man to jail. Oxford Police (OPD) said detectives from the Randolph, New Jersey Police Department contacted them about a credit ...