Tag: FBI

Why account takeover fraud is harder to detect

Account takeover fraud is becoming harder for financial institutions to detect as criminals increasingly operate through legitimate customer credentials. A valid login, established account...

GenAI threatens investment firms from both sides

Investment firms have long sold trust as their core product, but generative AI is now testing that promise from every angle. According to ComplyAdvantage,...

Why static AML models can’t stop AI-driven fraud

In early 2024, a finance employee dialled into what looked like an ordinary video meeting with the CFO and several senior colleagues. In reality,...

AI attackers are breaking financial crime compliance

A 1993 New Yorker cartoon showed one dog telling another, "On the Internet, nobody knows you're a dog." The joke has held up rather...

How organised cybercrime is overwhelming banks’ AML defences

Organised fraud has transformed into a sophisticated, cross-border industry extracting tens of billions from the US economy every year. According to Consilient, what once appeared...

Harnessing AI to accelerate model risk management in FinTech

The FBI has recently highlighted an alarming trend: cybercriminals are increasingly employing AI to conduct their nefarious activities. According to an FBI public service...

AI in the crosshairs: FBI’s stark warning of emerging threats from...

The FBI has issued a warning regarding the increased threat from criminal and nation-state hackers who are targeting AI technologies.

Surveillance reforms ignite US Congress and intelligence officials clash

Lawmakers clashed with US intelligence officials over proposed reforms to a surveillance program associated with Section 702 of the FISA.

FBI offers warning on DeFi platform attack surge

The FBI has warned of an increase in attacks targeting decentralised finance (DeFi) platforms to steal cryptocurrency, according to Security Week.

Fraudulent crypto apps have swindled users out of almost $43m, claims...

An alert by the FBI has warned that bogus cryptocurrency investment apps have swindled at least 244 victims out of close to $43m.

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