Cyber Crime

25 Sep 24 @ 12:34

MoneyGram International, one of the world’s largest money transfer companies, has confirmed that it suffered a cyberattack that has disrupted its services since September 22. The company has been grappling... read more

02 Sep 24 @ 17:03

Experian has released its 2024 Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. Top fraud concerns and... read more

02 Sep 24 @ 09:04

Some of the world’s leading finance and tech firms have come together to form a new industry coalition in the UK to fight economic crime through digital verification, the Centre... read more

27 Aug 24 @ 15:33

A new white paper from Nexi Group says that as fraudsters professionalise and adopt sophisticated AI-led techniques, banks and fintechs need to fight back. Launched today, Nexi’s Fighting the new... read more

13 Jun 24 @ 12:44

According to new LexisNexis Risk Solutions data, there are almost 3 million synthetic identities, known as Frankenstein identities, in circulation in the UK, preparing to strike. Synthetic identities exploit stolen... read more

10 Jun 24 @ 15:51

A new industry coalition will be formed to fight economic crime through enhanced verification, the Centre for Finance, Innovation and Technology (CFIT) has announced. The coalition aims to bring together... read more

22 May 24 @ 10:35

UK Finance has releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. “Nearly £1.2 billion was stolen from... read more

14 May 24 @ 17:13

Verizon Business has released the findings of its 17th-annual Data Breach Investigations Report (DBIR), which analysed a record-high 30,458 security incidents and 10,626 confirmed breaches in 2023—a two-fold increase over... read more

13 May 24 @ 16:31

Just over three-quarters (76%) of banks surveyed believe fraud cases and scams have become more sophisticated, according to the new Mitek Systems Identity Intelligence Index 2024 conducted in January 2024.... read more

10 May 24 @ 12:51

Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyberthreat landscape. The report reveals significant increases in mobile banking malware and... read more

02 May 24 @ 10:18

The Dark Web garnered massive amounts of headlines a few years ago when the enormity of its size was first made publicly aware. Also the amount of unscrupulous criminal activity... read more

01 May 24 @ 16:16

Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in a new report, AI-focused fraud and financial crime, say criminals are more adept at using artificial... read more