Tag: Fraud

Economic crime has emerged as a major global threat, fuelled by rapid technological developments that have made financial crimes more sophisticated and harder to...

Scams are not a new threat; they have coexisted with the financial market since its beginnings. The earliest scam is estimated to have been in Ancient Greece and since then they have evolved to become so highly sophisticated that stopping them has become a Sisyphean task.

While people are very aware of the threat of scams, these unique threats continue to succeed and impact consumers and their financial institutions.

Nasdaq Verafin has published a significant report, "Financial Crime Insights: Europe," which sheds light on the magnitude of financial crime across the continent.

In the face of persistent threats from payment fraud, over one in ten Canadians have experienced such incidents in the last six months, maintaining a consistent trend year-on-year (13% in 2024 versus 14% in 2023), as per the latest report by Payments Canada.

New research from Visa has uncovered the alarming scale of fraud impacting small-medium businesses (SMBs) in the UK. The study shows that over two fifths...

In a study conducted by the OWASP and Appdome, concerns over mobile app fraud are increasingly alarming among UK consumers.

In the financial sector, the spotlight has recently intensified on non-financial misconduct, spurred by the Financial Conduct Authority's (FCA) focused initiatives and investigations into issues like sexism, bullying, and discrimination.

In a recent post by Resistant AI, the company delved deeper into the truth around the 'OnlyFake' phenomenon and Gen AI fraud.

One of the most pressing issues with the financial industry right now is document fraud. How can RegTech's tackle this challenge and provide more support?