Tag: Fraud

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.

SurePay, which provides confirmation of payee services, has collected €12.2m in a round led by Connected Capital.

Overall spend on Australian cards in 2020 was down by 2.2% - the first recorded drop – but the overall value of card fraud increased by 0.6%.

Data protection and security are of the highest importance for UK banking customers as financial services become increasingly dependent on digital interactions, according to a new study.

The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.

Polish fraud protection firm Nethone has bagged $6.7m from a Series A funding round co-led by ARIA and Atmos Ventures.

Americans lost a total of $487.9m through fraud over the past 18 months, according to new data from the Federal Trade Commission.

The Met Police have made the UK’s largest cryptocurrency seizure, taking nearly £180m in connection with suspected money laundering.

Two fifths of consumers in the UAE have experienced an online fraud attempt, of which, half would contact law enforcements if it is successful.

As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.