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Criminals increasingly target post office locations, including bomb threats and armed robberies. Reduced postal police patrols create opportunities for organized mail theft and facility attacks. Financial institutions must deploy multilayered fraud tech, achieving check fraud detection above 95%. While the majority of the mail theft/stolen check events typically target mailboxes, mail carriers, or collusion with…
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.
Legacy systems often fail due to disconnected data, not poor-quality data alone. Orchestration unlocks AI value without replacing trusted legacy systems. Intelligent Banking is key for activating payments data to make smarter decisions. One major issue plaguing financial institutions is data integrity. However, is it actually “bad data,” or are FIs unable to connect legacy…
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…
Criminals used smart glasses and AI tools to secretly capture shoppers’ payment credentials. Stolen credentials were exploited to buy high-value gift cards and merchandise rapidly. Incident highlights growing risk of AI-enhanced fraud in retail and financial environments. A recent Toronto Police investigation into an “organized, sophisticated” retail fraud ring offers a preview of how AI‑enabled…
House hearing warns that AI-driven fraudsters exploit gaps in outdated BSA-era AML controls. Outdated SARs and CTRs in need of Modernization. Lawmakers push AI-supported, risk-based monitoring that prioritizes fewer, higher-value, network-aware alerts. A new post from PYMNTS.com reports on a recent House Financial Services Subcommittee hearing focused the ways criminals are using AI, synthetic identities, and digital…
AI embedded in fraud workflows pre‑assembles case files and automates documentation tasks. Institutions reduce manual touches, cycle times, and errors while improving case quality. Banks scale human fraud expertise and handle rising case volumes without added headcount. AI is delivering some of its clearest, most defensible ROI in banking by quietly re‑wiring workflows behind the…
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…