Credit Card Fraud Detection Techniques: How They Work

Credit Card Fraud Detection Techniques: How They Work

Did you know that 60% of U.S. credit card owners have fallen victim to fraud at some point? This information from Security speaks to a common challenge: credit card fraud. It means stealing your card information to make unauthorized purchases or withdraw funds. In...
Fraud Detection Techniques: Importance and Examples

Fraud Detection Techniques: Importance and Examples

Fraud detection is more important than ever as it affects businesses, people, and banks. According to Alloy’s 2024 State of Fraud Benchmark Report, in the US, fraud rates increased by 62% in consumer accounts and 52% in business accounts. That’s why better fraud...
Is Fraud a Felony? Examples and Legal Penalties

Is Fraud a Felony? Examples and Legal Penalties

Is fraud a felony? This question often arises as fraud—a deceptive act committed to gain an unlawful advantage—carries different legal classifications and multiple consequences. Learning about the distinction between misdemeanor and felony fraud is very important for...