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Financial Crime/Fraud Prevention

Ad fraud loss to reach $68bn in 2022

The value of digital advertising spend lost to fraud is expected to reach $68bn globally this year, a report from Juniper Research claims.

Beyond Identity secures unicorn status following $100m Series C

Identity management solution provider Beyond Identity has raised $100m in a Series C funding round led by Evolution Equity Partners.

Do crypto assets pose a global threat to financial stability?

The Financial Stability Board (FSB) has claimed that the crypto assets market could pose a serious threat to financial stability if regulators fail to take action.

Swedish RegTech Acuminor nabs fresh investment

Sweden-based Acuminor has picked up SEK 19m ($2m) in an investment round to help it push into new markets.

EU groups publish best practices to bolster cybersecurity resilience

Two European Union cybersecurity agencies have published a set of best practices to help organisations strengthen their cyber resilience.

Due diligence platform Umazi lands $1m in pre-seed funding

Umazi, a due diligence platform that automates enterprise identity verification, has bagged $1m in investment.

CISA creates tools and services list to aid cyber protection for firms

The US Cybersecurity and Infrastructure Security Agency (CISA) has compiled a list of free cybersecurity tools and services to help companies cut risk and boost resilience.

Bot detector Netacea reels in $12m Series A

Netacea, an early-stage bot detection and mitigation firm, has inked $12m from a Series A funding round.

SEC charges former Infinity Q Capital CIO with fraud claims

The US Securities and Exchange Commission (SEC) has charged James Velissaris, the former founder and chief investment officer of Infinity Q Capital Management, with overvaluing assets by more than $1bn while pocketing tens of millions of dollars in fees.

SMB lending fraud rises in US – LexisNexis study reveals

Small and midsize business (SMB) lending fraud has increased by 6.9% in the US since 2020, according to a new report from LexisNexis Risk Solutions.

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