Tag: Financial Fraud

Fresh data from Tietoevry Banking has revealed diverging fraud trends in Sweden and Norway, with concerns growing over AI-powered scams. The survey found that 16%...

Carefull, a FinTech company specialising in financial safety for ageing adults, has received a fresh round of growth capital from CIBC Innovation Banking.

Financial services firms are being urged to stay vigilant as reports emerge of executives and employees being impersonated in WhatsApp scams that have led...

Federal financial regulatory bodies, alongside the FinCEN and state regulators, have issued a crucial statement aimed at bolstering the defences against elder financial exploitation.

Deep fakes, or artificially generated media, represent a growing concern due to their increasing sophistication.

NVIDIA and bunq, a prominent European neobank, have partnered to enhance fraud detection and combat financial fraud using generative AI.

Clarity, an innovative firm specialising in AI cybersecurity, has successfully secured $16m in seed funding. The round was led by prominent investors Walden Catalyst and Bessemer Venture Partners, marking a significant step forward for the company.

Medius, recognised as a formidable player in providing AP Automation and comprehensive Spend Management solutions, today announced the launch of their new product, Fraud & Risk Detection, aimed at ensuring businesses preemptively counteract fraud and maintain robust control and visibility throughout the invoice to pay lifecycle.

US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector.

A Ponzi scheme is a fraudulent investment scam that promises high rates of return with little risk to investors.