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USPS insider allegedly stole and sold checks worth $24 million. Case highlights internal access risks within the USPS. Stronger monitoring, access controls, and fraud detection can reduce losses. Last week, we discussed the various failures of the USPS. Failed audits, inoperable security equipment, and stolen keys were major threats. But what happens when the threat…
I fraud thrives when fragmented data keeps financial institutions in silos. IMF urges banks to share transactional data so AI can spot patterns.. Open data consortiums and check image sharing strengthen deposit fraud defenses. PYMNTS.COM reports on The International Monetary Fund’s recent warning to banks, which is simple: AI can help fight fraud, but only…
Mid-sized banks have about three years to modernize cores Incremental fixes will not meet efficiency or AI demands Modernization must align with payments, deposits, and fraud workflows so analytics and AI can scale Over the past decade, the banking industry has seen a dramatic shift in how consumers and commercial clients perform their banking. This…
Audits reveal systemic, repeat security failures across USPS facilities and initiatives. High-tech fixes like eLocks and scanners underperform due to poor deployment and oversight. Mail theft and check fraud keep rising despite USPS claims of rigorous security efforts. For years, OrboGraph has tracked a troubling pattern: the United States Postal Service (USPS) conducts audits, the…
Constant check fraud “firefighting” drains energy and focus from your best people. Manual reviews, fragmented systems, and rising fraud volumes create chronic backlogs and stress. Without better tools and training, burnout accelerates, risking turnover and institutional knowledge loss. Community banks are known for their employees. The teller who recognizes a customer at the grocery store.…
Financial institutions lead enterprise AI adoption, including fraud. Banks need AI across all check and payment channels. OrboGraph AI turns payment images into high‑fidelity fraud signals. While artificial intelligence has been around for decades, it’s only in the past 5-10 years that we’ve seen a major boon for AI. Now, particularly for financial institutions, it…
Fed elevates consumer fraud to systemic risk, demanding stronger bank‑level defenses. Banks must invest in data, analytics, and collaboration to counter rising fraud. Fed plans new tools, guidance, and standardized fraud vocabulary to improve detection. Coming off the recent publishing of their Financial Services Risk Officer Survey, the Federal Reserve’s has taken the next step…
Federal Reserve report finds no major fraud category dip; debit cards and checks lead attempts. Faster payments saw sharpest year-over-year rise in attempted fraud and associated losses. Banks boost fraud budgets with layered tech defenses, yet threats continue outpacing controls. On April 28, 2026, the Federal Reserve published its Financial Services Risk Officer Survey. The…
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
Check volumes are falling, but check fraud hit $21 billion in 2023-a gap banks can no longer ignore Abruptly eliminating checks isn’t an option – critical payment workflows still depend on them OrboGraph equips banks to fight check fraud now while preparing for a digital-first future A recent American Banker opinion piece argues that the…