Iceland-based Lucinity scores $17m to bolster its anti-fraud services
Lucinity, which supplies banks with productivity tools to fight financial crime, has closed its Series B funding round on $17m.
25% of UK risk experts fear bribery and corruption risks will rise
A quarter of UK risk experts expect bribery and corruption risks for their company to increase this year compared to 2021, according to a report from Kroll.
How firms can increase defences for customers against fraud
Combating fraud often feels like an unwinnable battle, but firms can do a lot more than they think to prevent scams.
FBI asks for an extra $106m in 2023 to deal with cyber, data challenges
The FBI is asking for a further $106m in its fiscal 2023 budget to manage a range of pressing cybersecurity issues.
FRISS and Legentic to fight insurance fraud
FRISS, AI-powered fraud, risk and compliance solution developer, has partnered with Legentic to tackle insurance fraud.
Singapore police warn of increasing banking-related phishing scams
Police in Singapore have warned the public of an increase in phishing scams after at least 10 people have lost a combined total of $70,000 from the practice since May.
How banks can fight back against fraud scams
The threat of fraud is rising. Covid-19 shook the world and accelerated fraudulent criminal activity around the world.
ComplyAdvantage issues AML guide for crypto firms
ComplyAdvantage has released the Anti-Money Laundering Guide for Crypto Firms to help firms better understand the risks.
How can you prevent facial spoofing?
With more people than ever now using the internet, the threshold for identity fraud has increased dramatically.
US recoups $15m from advertising fraud scheme
Authorities in the US have revealed they have retrieved more than $15m in illicit proceeds derived from an advertising fraud scheme known as ‘3ve’.