Anti-Fraud

Hawk AI, an AI-powered anti-fraud solution, has closed its Series A on $10m, which it hopes will foster its international growth.

FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.

With the last two years witnessing a vast global move online due to Covid-19 restrictions, cybersecurity is rapidly climbing up the agenda of important priorities for companies. Going into 2022, will we see cybersecurity become a more important priority than ever?

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

Cybersecurity and Infrastructure Security Agency (CISA) director Jen Easterly has said she wants the CISA to focus on preparing for hacks instead of just managing the fallout.

China National People Congress (NPC) has passed its first data security law aimed at strengthening the government hand over the data produced and stored in the country.

It's been a busy week for Featurespace. Not only has it warned about rising types of fraud, but now it has been recognised by Gartner as a representative vendor.

Feedzai, a frontrunner in the application of AI to combat financial crime, has linked with UK Finance for the second year running on a report.

Interpol claims it has intercepted $83m belonging to victims of online financial crime from being transferred into the accounts of their hackers.

NetGuardians, an award-winning Swiss FinTech company, and Bank al Etihad, a premier Jordan-based banking institution, have announced a strategic partnership to combat financial fraud.