Tag: Fraud

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.

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, a fraud prevention company, has released its Loyalty Program Protection service which will help companies cope with rising levels of fraud.

Over three quarters (77%) of chief security officers (CS0s) in the financial sector are worried about the use of deepfake video, audio and images.

Banks are refusing to cover losses in fraud cases if they can prove they show fraud warnings at the point of purchase, according to a study from Which? Money.

It will be impossible to completely stop scams from happening. While technology and better alertness will help to lower the number of successful incidents, some will inevitably slip through under the radar.

People of different ages fall foul of different types of payment fraud, but new research suggests Generation Z are more likely to be a victim of fraud through confidence tricks.

A trader at a global investment bank is accused of deceitfully manipulating a deal between a bond issuer and the investment bank he was working at.