Resistant AI deploys tech into FINOM to improve AML fight
Financial crime prevention firm Resistant AI has deployed technology into Netherlands-based B2B FinTech FINOM to bolster AML measures.
Australians lost record $2bn to scams in 2021
Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
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.
