Tag: Fraud

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.

Fraud protection, privacy and compliance analytics platform Pixalate has raised $18.1m in growth funding.

SurePay, which provides confirmation of payee services, has collected €12.2m in a round led by Connected Capital.

Overall spend on Australian cards in 2020 was down by 2.2% - the first recorded drop – but the overall value of card fraud increased by 0.6%.

A survey by fraud prevention solutions provider Riskified has found 82% of retailers believe they have seen a climb in fraud attempts since the start of the Covid-19 pandemic.

Data protection and security are of the highest importance for UK banking customers as financial services become increasingly dependent on digital interactions, according to a new study.

The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.

Polish fraud protection firm Nethone has bagged $6.7m from a Series A funding round co-led by ARIA and Atmos Ventures.

Americans lost a total of $487.9m through fraud over the past 18 months in cases related to Covid-19, according to new data from the Federal Trade Commission.

The Met Police have made the UK’s largest cryptocurrency seizure, taking nearly £180m in connection with suspected money laundering.