Tags Fraud

Tag: Fraud

How AI and ML are stepping up in the fight against...

US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector.

Ancient scams to modern threats: How financial fraud costs us $3.7tn...

In a recent post by Moody's Analytics, the company offered a long-term perspective on the scourge of financial fraud and how much it costs us today.

PwC UK links with Clearspeed to revolutionise fraud risk assessments

PwC UK, a global network providing assurance, advisory, and tax services, has announced its partnership with Clearspeed.

Over a third of UK emerging financial firms report money laundering...

In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.

How to stay ahead of fraud and financial crime

With financial crime and fraud consistently evolving and changing, there is the regular need for the financial industry to keep pace with it.

PSR advances fight against APP fraud with new consultations

The Payment Systems Regulator (PSR) is progressing in its fight against APP fraud by introducing two consultations. 

Visa UK introduce new measures to protect businesses from ‘friendly fraud’ 

Visa UK has revealed a litany of new measures designed to protect small businesses and combat ‘friendly fraud’. 

Rising tide of fraud: UK losses surge to £593m in Q2...

In Q2 of 2023, the UK saw a rise in fraudulent activity with a loss of £593m, pushing the total stolen cash in the past year to almost £3.5bn.

Transforming finance with dynamic risk assessments

Unlocking the potential for commercial success, dynamic financial crime risk assessments offer a multitude of benefits for financial institutions. Acuminor, a RegTech company explained...

CBA takes a stand against cryptocurrency scams

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

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