Tags Fraud

Tag: Fraud

How innovation can help bolster the AML sector

In an age where cyberattacks and money laundering are becoming more commonplace, the need for cutting-edge tech in fighting this scourge is becoming ever more important.

Cybersecurity platform CyberloQ partners with Pannovate

Cybersecurity platform CyberloQ Technologies has formed a strategic collaboration for its proprietary MFA technology with Pannovate’s Banking Orchestration Platform.

Fraud fears are up with nearly 60% of consumers

Over half 59% of consumers are more concerned about becoming a victim of fraud now compared to how they felt in 2021, according to a report from Paysafe.

HAWK:AI teams with Aux to help credit unions fight fraud

Anti-fraud RegTech platform HAWK:AI has teamed up with Aux to boost the fight against fraud within credit unions.

Ireland ranks highest in fraud risk in Europe

Ireland has the highest fraud risk index in Europe with a rating of 7.44, according to research from payment processing information service Merchant Machine.

12% of UK consumers have fallen victim to payments fraud over...

More than one in ten people in the UK (12.1%) have been the victim of payments fraud in the last four years, according to new research from global payments company ACI Worldwide.

Why real-time transaction monitoring is the next step for compliance

 Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.

Titanium Blockchain pleads guilty to crypto fraud scheme

The CEO of Titanium Blockchain Infrastructure Services (TBIS), Michael Alan Stollery, has pleaded guilty for his role in a cryptocurrency fraud scheme.

Identity fraud cases increased by 109% in 2021

Last year saw a 109% increase in identity fraud cases, according to a new report from payment intelligence company Fraugster.

CFPB fines Bank of America $100m for “botching” disbursement of state...

The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.

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