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1 month ago | 
cutimes.com | Kathleen Peters
The digital age has ushered in remarkable advancements in technology, but at the same time it has armed fraudsters with sophisticated tools to exploit vulnerabilities. As we begin 2025, the fraud landscape is evolving at a rapid pace, presenting new challenges for credit unions and their members. To underscore this point, the FTC reported that consumers lost more than $10 billion to fraud in 2023, the first time losses have ever been so high.
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2 months ago | 
experian.com | Kathleen Peters
Loading... by As we kick off a new calendar year, there’s already a lot of buzz in terms of expected advances in tech, especially for artificial intelligence. And what about fraud? Fraud isn’t just keeping pace with technology—it’s racing ahead.
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Nov 20, 2024 | 
securityinfowatch.com | Kathleen Peters
Fraud attacks are at an all-time high. According to the FTC, in 2023, U.S. consumers reported losing more than $10 billion to fraud, a 14% increase over 2022 and the highest dollar amount ever reported. Consumers and businesses alike are concerned about fraud, and rightly so. Generative AI (Gen AI) continues to create new, sophisticated fraud schemes, opening a world of challenges and opportunities for companies across industries as they navigate the ever-changing fraud landscape.
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Oct 1, 2024 | 
experian.com | Kathleen Peters
by In an era where financial transactions occur at the click of a button, the significance of accurately verifying and authenticating consumers’ identities cannot be overstated. From online purchases to mobile banking, ensuring secure and reliable digital connections and safeguarding consumers’ information are table stakes for any business operating in the digital ecosystem.
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Aug 21, 2024 | 
experian.com | Kathleen Peters
Loading... by Fraudsters are opportunistic. They are capitalizing on using new technology to create more sophisticated fraud schemes, underscoring the importance and urgency of prioritizing fraud prevention strategies.
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Mar 5, 2024 | 
creditunionbusiness.com | Kathleen Peters
Emerging Fraud Trends in 2024
Mar 5, 2024
By Kathleen Peters
Technology has advanced leaps and bounds over the last few years,
providing opportunities for lenders to streamline and grow their businesses and
reach more customers. However, it can have a more sinister side as criminals
find ways to leverage innovative technology to deploy more sophisticated fraud
schemes. The impact of these fraud attacks can be staggering.
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Mar 1, 2024 | 
securityinfowatch.com | Kathleen Peters
From the rapid adoption of digital experiences to the generative AI boom, technology has made incredible advances over the last few years. While the innovation we’ve witnessed brings a plethora of opportunity for businesses and consumers, it also comes with increased challenges and risks. Fraudsters are keeping a close eye on ever-evolving technology and finding the best ways to leverage it in new and sophisticated ways to make committing fraud easier and more difficult to detect.
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Feb 13, 2024 | 
experian.com | Kathleen Peters
by Kathleen Peters Recent technological advancements are ushering in a new era of innovation for businesses and consumers but can also help perpetuate fraud.
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Nov 1, 2023 | 
securitymagazine.com | Kathleen Peters
Artificial Intelligence has been around for decades yet the innovation around it has skyrocketed over the past couple of years. The most recent advancements in generative AI make the technology accessible and approachable for businesses and consumers, in ways we’ve never seen before. It can now help create efficiencies in the workplace that will increase productivity, improve internal operations and enhance creativity.
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Oct 19, 2023 | 
tbnweekly.com | Kathleen Peters
Last year, the Pinellas County Commission decided to allow retail pet stores to remain in our community. This decision, I believe, led to a unique partnership that ensures the health and safety of puppies in our community’s pet stores — and transparency about how they were raised. Local families deserve options and accurate information to decide how and where to find a pet.
