Tag: Fraud
Titanium Blockchain pleads guilty to crypto fraud scheme
The CEO of Titanium Blockchain Infrastructure Services (TBIS), Michael Alan Stollery, has pleaded guilty for his role in a cryptocurrency fraud scheme.
Identity fraud cases increased by 109% in 2021
Last year saw a 109% increase in identity fraud cases, according to a new report from payment intelligence company Fraugster.
CFPB fines Bank of America $100m for “botching” disbursement of state...
The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.
Australians lost record $2bn to scams in 2021
Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Iceland-based Lucinity scores $17m to bolster its anti-fraud services
Lucinity, which supplies banks with productivity tools to fight financial crime, has closed its Series B funding round on $17m.
Cost of fraud for US, Canadian banks increases up to 10%
The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.
How innovation can help bolster the AML sector
In an age where cyberattacks and money laundering are becoming more commonplace, the need for cutting-edge tech in fighting this scourge is becoming ever more important.
Queen’s Speech outlines new protections to fraud victims
As part of the Queen’s Speech at the UK’s opening of parliament, a new Financial Services and Markets Bill was announced with new fraud protections for consumers.
Why firms need internal audit technology
Ideagen, which develops GRC management solutions, has released a report offering an in-depth exploration of auditing software.