Digital ID and Payments Turn to Your Face
Justin Bachman, Payments Dive
As mobile devices and government regulators embrace facial recognition technology, your face is becoming both wallet and identification.
Smile – your face is becoming a path for payments. Apple and Android digital wallets are common tools for consumer payments, but they’re also increasingly intertwined with identification in an era where identities are digital and tied to biometric data.
Read MoreScam Calls Have Gotten Out of Control. This One Strategy Actually Helps
Jeff Carlson, CNET
Scam calls are smarter and more frequent than ever, but one targeted strategy can keep most of them from ever reaching you.
Answering the phone used to be a simple, neutral act. Now it comes with a split-second calculation: Is this real, or is it another robocall from someone claiming to be the Social Security Administration, a spoofed local number or a breathless recording about your car’s extended warranty?
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Guide Helps Community Banks, Law Enforcement Partners to Prevent Fraud and Scams
Melina Druga, Financial Regulation News
A recently published guide explains how community banks and law enforcement can build effective partnerships that help hold fraudsters and scammers accountable.
The guide, Community Banks and Law Enforcement: A Partnership Framework for Mutual Success, offers a framework for information sharing and reciprocal support between community banks and law enforcement with the goal of preventing and prosecuting financial crimes, promoting community outreach, and expanding public awareness of fraud and scams…
Read MorePolice Arrest 5,800 Suspects in Global Anti-Fraud Crackdown
Sergiu Gatlan, Bleeping Computer
Law enforcement agencies have arrested 5,811 suspects and seized $293 million in illicit assets in a global anti-fraud operation spanning 97 countries.
Dubbed “Operation First Light 2026,” this joint action has targeted social engineering fraud (including business email compromise, sextortion, impersonation, romance, and investment scams) and money laundering activities between January 15 and April 30…
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