Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

AI and Fraud Detection: How Bank Reconciliation Tools Protect Your Cash

Fraud has always been a concern in business, but the digital economy has amplified both the scale and sophistication of fraudulent activities. From false vendor payments to suspicious cash transfers, threats are no longer isolated incidents; they're systemic risks that can affect an organization's cash flow. At the same time, finance teams are under immense pressure to deliver timely, accurate reporting while ensuring compliance, where manual processes, spreadsheet errors, and delayed reconciliations leave organizations vulnerable to undetected fraud.

How Cybersecurity Professionals Can Leverage App Reviews for Risk Insights

Cybersecurity analysts often narrow their attention to system logs, performance alerts, and other system logs. Even though these sources are essential, they are not the only sources that need attention. Feedback left by users, particularly on app stores, tends to go unnoticed. This is because the app stores are not only tools to distribute applications; they are invaluable stores of behavioral and experiential intelligence. For security professionals, App Reviews and Ratings can serve as an advanced warning system that highlights possible risks, unwanted activity, or security issues long before technical tools can uncover them.

Cyberthreats, translation errors - how online English helps to avoid threats

Open your email on a Monday morning and chances are, something feels off. Maybe it's a message from "your bank" that doesn't sound quite right, or a supposed colleague urging you to act fast. Usually, the first clue is not the logo or even the address, it's the words. Awkward grammar, unusual phrasing, a sentence that doesn't belong. Even small errors often act as warning signs for much larger problems. When language betrays the scam.

The Hidden Cost of "Free" Gifts: How Survey Scams Are Evolving to Steal Financial Data

You've probably seen them: enticing online offers for free products from brands you trust, like a Yeti beach chair from Costco or an emergency car kit from AAA. All you have to do is fill out a quick survey and pay a small "shipping fee" of a couple of dollars. But what seems like a harmless transaction is actually a sophisticated scam with a high price tag. The KnowBe4 Threat Lab team has been tracking a phishing campaign where scammers use these fake surveys to steal financial data.

The Technical Sophistication Behind the "Free" Gift Scam: Evading Detection

Below is an example of a sophisticated survey scam phishing email that KnowBe4’s Threat Lab team has been monitoring as discussed in “The Hidden Cost of "Free" Gifts: How Survey Scams Are Evolving to Steal Financial Data”. As discussed in our previous blog, the human element is a critical part of the fake survey scam. However, the campaign's success is largely due to its advanced technical infrastructure.

8 Fraud and Risk Gaps Private Lenders Miss

Would it surprise you to learn that fraud is common in private lending? Probably not if you're in this business. But if you're not, here's what a recent LexisNexis report has revealed: not only is fraud common, but U.S. financial services firms lose $4.41 in costs for every $1 of fraud. This, by the way, is a 28% increase compared to 2022.

The MemcycoFM Show: Episode 13 - How 5 of the Biggest Retail ATO Attacks Could Have Been Stopped

Retailers have become prime targets for account takeover. Loyalty balances, stored cards, and digital wallets represent liquid assets, often guarded by weaker controls than financial accounts. Attackers exploit credential reuse, phishing infrastructure, and automation to scale these intrusions. Reported retail ATO cases in the UK rose 96% year over year (Action Fraud, 2023). The following five breaches illustrate how large brands across loyalty, e-commerce, and digital wallets were compromised, and how real-time, in-session defenses could have altered the trajectory.

The Human Firewall: Building a Culture of Fraud Resilience

Cybersecurity tools are only as strong as the humans who use them. Training, culture, and awareness shape how individuals interact with those systems and whether they succeed. This is especially true when it comes to fraud prevention. While firewalls and encryption protocols can block many external threats, they can’t stop an employee from clicking on a fraudulent invoice, wiring money to a spoofed account, or falling for a phishing scam.

The Human Firewall: Building a Culture of Fraud Resilience

Cybersecurity tools are only as strong as the humans who use them. Training, culture, and awareness shape how individuals interact with those systems and whether they succeed. This is especially true when it comes to fraud prevention. While firewalls and encryption protocols can block many external threats, they can’t stop an employee from clicking on a fraudulent invoice, wiring money to a spoofed account, or falling for a phishing scam.