Tags Fraud

Tag: Fraud

Queen’s Speech outlines new protections to fraud victims

As part of the Queen’s Speech at the UK’s opening of parliament, a new Financial Services and Markets Bill was announced with new fraud protections for consumers.

Mining Capital Coin’s CEO charged for alleged $62m fraud scheme

An indictment was unsealed that charges Mining Capital Coin’s CEO for allegedly orchestrating a $62m global investment fraud scheme.

Over 90% of European FinTechs to use AI-risk decisioning to beat...

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.

NICE Actimize launches tools for compliance

NICE Actimize has launched its X-Sight Entity Risk SaaS solution, which produces a single risk score that enables a financial institution to get a deeper understanding of clients.

How to detangle the spiders web of threat detection

When monitoring transactions, the huge amount of data being directed at companies can sometimes become too much. With such a high level of data coming at these businesses, this can lead the data to become tangled and hard to break down in a more simple, readable way.

Cost of fraud for US, Canadian banks increases up to 10%

The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.

Consumers warned of rising fraud levels during Black Friday and Christmas

Experian has warned consumers and businesses to be cautious this Black Friday and Christmas as a surge in fraudulent activity is expected.

Black Friday could cause more victims of BNPL fraud

Buy now, pay later (BNPL) transactions have increased by 182% in 12 months, but as Black Friday looms, LexisNexis Risk Solutions has warned the risk of fraud is high.

Over a quarter of global firms bled more than £1m to...

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Banking leaders fear strength of identity authentication

Over three-quarters of banking and FinTech executives are concerned about strength of current identity authentication methods, according to a study from authID.ai.

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