Tags Fraud

Tag: Fraud

eTranzact lost 100% of its profits in Q2 after it recovered...

The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.

Republic Bank of Chicago taps DataSeers for its fraud prevention and...

Republic Bank of Chicago has inked a partnership Atlanta-based RegTech DataSeers, enabling the bank to tap into its fraud and compliance management solution FinanSeer.

FCA investigates over 150 Covid-19 related scams

The Financial Conduct Authority (FCA) is investigating more than 150 coronavirus-related scams launched since the outbreak began, according to official figures.

Four men arrested on claims of stealing $19m from Amazon through...

Four men have been arrested on charges of an invoice fraud scheme that allegedly enabled them to steal $19m from e-commerce giant Amazon.

Bank of Ireland fined €1.66m for cyber breach and failure to...

The Bank of Ireland has been fined €1.66m ($1.95m) by the Central Bank of Ireland for misleading the institution about a security breach back in 2014.

First-party fraud is now 50% more common than third-party fraud

First-party fraud, or “friendly fraud”, is now 50% more common than third-party fraud, according to a report from Fraud.net.

Automated data discovery platform Explorium secures $31m Series B

Explorium, a data science solution powered by automated data discovery, has closed its Series B on $31m.

The International Bank of Azerbaijan taps FICO for its fraud fighting...

FICO's Siron solution has made a name for itself enabling businesses to combat money laundering and terrorist financing, which is now being used by the International Bank of Azerbaijan (IBA) in a new deal.

Wirecard executive reportedly hiding in Moscow under GRU protection

Jan Marsalek, former COO of disgraced FinTech Wirecard, is reportedly hiding in Moscow, protected by the Russian secret service.

Impersonation and catfish scams are on the rise Barclays warns

The Covid-19 lockdown has encouraged scammers to take up their efforts a notch, according to Barclays.

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