Tag: Fraud
CFTC warns against coronavirus-related 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.
Losses from APP fraud increases in 2019
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.
Fraud fighting company Signifyd launches new Commerce Protection Platform
Signifyd is updating its offering with a new solution aimed at protecting e-commerce companies from fraud.
Fraud prevention key driver for AI solution spend by network operators...
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 taps DataSeers for its fraud prevention and...
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 to pay $3bn in fraud case
Wells Fargo & Co has reportedly agreed to pay $3bn as a settlement after a criminal and civil investigation into fraudulent sales practices.
Foreign exchange firm owner charged with fraud and misappropriation
A man operating out of a California and Tennessee-based company has been accused of wire fraud, fraud and misappropriation.
Hopeful lovers in Australia lost $28.6m to fraud last year
With valentine’s day just around the corner, people are no doubt going to be using dating and romance apps; however, consumers are warned to be on the lookout for scammers. In Australia, one fifth off all losses involved scams from these services, according to a report from ScamWatch 2019.
Forter to protect loyalty programmes with new tool
Forter, a fraud prevention company, has released its Loyalty Program Protection service which will help companies cope with rising levels of fraud.
Over 75% of cybersecurity officers in the financial sector fear deepfakes
Over three quarters (77%) of chief security officers (CS0s) in the financial sector are worried about the use of deepfake video, audio and images.