CFTC accuses Nevada entrepreneur of running a $11m cryptocurrency Ponzi scheme
A top US regulator is accusing the Circle Society and its owner David Gilbert Saffron of fraudulent solicitation, misappropriation and registration violations.
FRISS building new fraud and risk management solution through Guidewire
Fraud and risk solution provider FRISS has revealed it is the developing a new add-on for fraud and risk management related to claims support.
Machine learning mostly used to fight fraud among UK financial firms
Machine learning technology is poised to be huge thing in financial services. In fact, two-thirds of UK-based firms are already using it.
Loyalty fraud incidents are on the rise
Loyalty fraud has seen a sharp rise in 2019, with the number of incidents increasing by 89% compared with last year.
Whistleblower claims Deutsche Bank took years to alert authorities about Danske Bank’s suspected money...
Despite a whistleblower flagging suspicious transactions five years ago, Deutsche Bank allegedly waited until February this year to disclose one million suspect money transfers it did for Danske Bank.
Libra co-creator gets into Twitter-spat after Stripe, Mastercard and Visa abandon the cryptocurrency project
Things are not looking stellar for Libra as several backers have pulled out of the cryptocurrency project as the regulatory pressure against it is mounting.
The Monetary Authority of Singapore has banned four financial professionals after they were found...
Singapore’s authorities have prohibited three insurance agents and one banker from conducting any industry business.
American Express informs customers of internal data breach
American Express has informed a number of its customers their personal information has been breached after a fraudulent attack.
Austreme gets patent for transaction laundering detection technology
Austreme has received a patent for its transaction laundering detection technology, which helps identify transactions from unauthorized e-commerce websites.
Yoti teams up with Galaxkey to improve email security
Digital identity app Yoti has partnered with Galaxkey to improve email encryption and combat scams and phishing.