11 May 26 @ 19:52

Singapore’s financial regulator is moving from theory to practice in the use of artificial intelligence against financial crime. The Monetary Authority of Singapore (MAS) is working with the Government Technology Agency... read more

02 Mar 26 @ 11:25

Three months ago, I was approached by marketing representatives of ETC Mining, who paid $2,500 in Bitcoin for native advertising placement. On the surface, the proposition appeared straightforward: a cloud... read more

07 Nov 25 @ 15:02

Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, is facing renewed scrutiny after internal documents revealed that as much as 10% of its 2024 revenue – around $16... read more

05 Nov 25 @ 14:11

European law enforcement agencies have taken down a sprawling crypto scam and money laundering operation that defrauded victims of more than €600 million, in one of the largest coordinated anti-fraud... read more

24 Oct 25 @ 10:44

Artificial intelligence has become the latest weapon in the arsenal of organised fraudsters, driving a sharp rise in fraud and scams across the UK. According to new data from UK... read more

08 Sep 25 @ 17:17

The battle against financial crime in the US is shifting rapidly as scams emerge as the single most damaging category of fraud for banks. New research suggests scams accounted for... read more

23 Apr 25 @ 17:07

In a sweeping effort to tackle online advertising fraud, Google has suspended more than 39 million scam advertiser accounts in the US alone over the past year — tripling the... read more

21 Mar 25 @ 09:00

Visa has unveiled its scam disruption practice focused on identifying and stopping complex scams as they emerge. The new department, which sits under Visa Payment Ecosystem Risk and Control (PERC),... read more

21 Nov 24 @ 11:34

APP scam losses (Authorised push payment) are on the rise, and expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (US, UK, India, Brazil, Australia... 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

25 Mar 24 @ 17:18

Visa has released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top scams impacting consumers and businesses around the world. The report points to increasingly organized,... read more

23 Feb 24 @ 16:59

The rise of fraud in the United States continues apace, costing the US $159 billion in one year alone, according to new research. The 2023 State of Scams report by Feedzai in partnership... read more

15 Feb 24 @ 11:57

Just days after Revolut released research that indicated Meta platform were the leading platforms for the origination of scams, the fintech has release a new AI scam protection platform for... read more

09 Feb 24 @ 13:46

Recently we discussed in a webinar with Visa the growing issue of APP fraud across Europe and the mandatory reimbursement of consumers that is soon to be implemented by regulators... read more

10 Jul 23 @ 16:13

As reported by Payments Cards & Mobile back in June 2022, the Federal Trade Commission (FTC) sued Walmart for allowing its money transfer services to be used by fraudsters, who... read more

24 May 23 @ 09:13

Stop Scams UK, a cross industry group of banks, telecoms providers and technology companies is launching a trial to gather intelligence on scammers in an effort to tackle the most... read more

16 May 22 @ 17:59

Buy Now, Pay Later (BNPL) financing has become hugely popular over the last few years. However, as the industry grows and providers expand their offerings, BNPL fraud is likely to... read more

23 Sep 21 @ 15:08

The latest fraud figures released by UK Finance show the scale of the fraud problem in payments is only growing, despite the efforts of the banking and finance industry. In... read more

19 May 20 @ 08:11

First Data Merchant Services and a former executive have been forced to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed... read more

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more