Tag: Fraud

The coronavirus has raised the risk of financial fraud across the world. Now, Featurespace, a Cambridge-based company that uses AI to detect fraud for banks and retailers, has listed the top ones to look out for right now.

A year after its latest funding round, Featurespace has bagged another £30m to expand its offerings.

Worryingly, 42% of consumers in the UK consumers see fraud as a cost of living in an increasingly digital economy, according to a survey from card issuing platform Marqeta.

US small businesses are seeing a rise in the number of suspicious emails they are receiving, according to a report from HSB, a speciality insurance division on Munich Re.

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.