US Treasury wants banks to be better at filing file cyber scam reports after noting nearly $13 billion in losses since 2023
THE SO WHAT
Nearly $13B in scam losses since 2023 is a data problem as much as a crime problem—regulators are pushing banks to standardize and improve reporting so upstream detection can get sharper. If you touch payments or fintech, expect more prescriptive red-flag guidance and build hooks now to surface and share structured fraud telemetry.
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