Tag: Fraud

Fraud has become one of the most pressing global threats to businesses, fuelled by increasingly sophisticated schemes and shifting regulatory demands. Data from Moody’s...

Economic crime has emerged as a major global threat, fuelled by rapid technological developments that have made financial crimes more sophisticated and harder to...

Scams are not a new threat; they have coexisted with the financial market since its beginnings. The earliest scam is estimated to have been in Ancient Greece and since then they have evolved to become so highly sophisticated that stopping them has become a Sisyphean task.

Scams remain a persistent threat despite growing awareness, largely because they exploit human trust through manipulation and misrepresentation. Unlike traditional fraud, scams often involve victims willingly sharing sensitive information, unaware of the scammer’s true intent until it’s too late.

Nasdaq Verafin has published a significant report, "Financial Crime Insights: Europe," which sheds light on the magnitude of financial crime across the continent. Derived...

In a crucial update from the CFTC, the OCEO has issued a warning about the growing use of generative AI in fraud schemes. The...

In the face of persistent threats from payment fraud, over one in ten Canadians have experienced such incidents in the last six months, maintaining...

The CFIT has recently announced an initiative aimed at curbing the escalating fraud rates in the UK through the introduction of a Digital Company ID.

Banks and online retailers have dramatically improved their fraud detection capabilities by integrating shared fraud intelligence into their risk assessments, according to the Global...

New research from Visa has uncovered the alarming scale of fraud impacting small-medium businesses (SMBs) in the UK. The study shows that over two fifths...