Tag: Fraud

CFTC warns against coronavirus-related fraud

The Commodity Futures Trading Commission (CFTC) has warned the public to be on alert for frauds seeking to profit from recent market volatility related to the COVID-19 pandemic.

Losses from APP fraud increases in 2019

While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.

Fraud fighting company Signifyd launches new Commerce Protection Platform

Signifyd is updating its offering with a new solution aimed at protecting e-commerce companies from fraud.

Fraud prevention key driver for AI solution spend by network operators...

From: RegTech Analyst The global operator spend on AI services is expected to grow by 430% over the next four years because of fraud mitigation and network optimisation...

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.

Wells Fargo & Co to pay $3bn in fraud case

Wells Fargo & Co has reportedly agreed to pay $3bn as a settlement after a criminal and civil investigation into fraudulent sales practices.

Foreign exchange firm owner charged with fraud and misappropriation

A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.

Hopeful lovers in Australia lost $28.6m to fraud last year

With valentine’s day just around the corner, people are no doubt going to be using dating and romance apps; however, consumers are warned to be on the lookout for scammers. In Australia, one fifth off all losses involved scams from these services, according to a report from ScamWatch 2019.

Forter to protect loyalty programmes with new tool

Forter, a fraud prevention company, has released its Loyalty Program Protection service which will help companies cope with rising levels of fraud.

Over 75% of cybersecurity officers in the financial sector fear deepfakes

Over three quarters (77%) of chief security officers (CS0s) in the financial sector are worried about the use of deepfake video, audio and images.

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