Tag: Fraud

The authorities in Malta have joined the regulators around the world warning businesses about a rise of coronavirus related scams.

E-commerce merchant losses caused by online payment fraud will exceed $25bn in 2024, a significant jump from the $17bn expected to occur in 2020, according to a study from Juniper Research.

Thomson Reuters has beefed up its fraud and abuse capabilities by acquiring Sacramento-based Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud.

The Commodity Futures Trading Commission (CFTC) has warned the public to be on alert for frauds seeking to profit from recent market volatility related to the COVID-19 pandemic.

While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.

Signifyd is updating its offering with a new solution aimed at protecting e-commerce companies from fraud.

From: RegTech Analyst The global operator spend on AI services is expected to grow by 430% over the next four years because of fraud mitigation and network optimisation...

Republic Bank of Chicago has inked a partnership Atlanta-based RegTech DataSeers, enabling the bank to tap into its fraud and compliance management solution FinanSeer.

Wells Fargo & Co has reportedly agreed to pay $3bn as a settlement after a criminal and civil investigation into fraudulent sales practices.

A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.