508 Results from /crime
Benjamin Davies Head of Sales at ComplyCube
Having worked with compliance teams throughout my professional career, Iβve always known them to be critical roles in any organization, yet they are often underappreciated. Unfortunately, commercially focused teams often deem customer due diligence merely a box-ticking exercise, a necessary evil at the inception of each customer relationship. When...
6 hours /regulation /crime RegTech
Nico Barawid Co-founder at Tunic Pay
There's wisdom in the idea that faster payments means faster fraud. But the evidence wouldn't suggest that its opposite is even nearly true. Do slower payments slow down fraud? Maybe, but not by much. Consumer research we ran this autumn found that one in two UK adults have by now experienced some sort of payment scam or attempted scam. Despit...
30 December 2024 /crime
Prashant Bhardwaj Innovation Manager at Crif
As we step into 2025, the cybersecurity landscape is poised for a dramatic transformation driven by the dual-edged sword of artificial intelligence (AI). While AI has the potential to enhance security measures, it also equips cybercriminals with advanced tools to perpetrate increasingly sophisticated attacks. This article explores the emerging tr
29 December 2024 /ai /crime Artificial Intelligence
Dhiraj Sharma Senior Consultant at TCS
Impersonation scams, also known as imposter scams, represent one of the most prevalent and effective strategies employed by fraudsters to deceive their victims. These scams often involve the perpetrator posing as a trusted individual or organization, such as bank representatives, law enforcement officers, or even family members, in order to manipu...
25 December 2024 /ai /crime Artificial Intelligence and Financial Services
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
Fraud is evolving at an alarming pace, leaving UK consumers vulnerable in a digitally interconnected world. The Payment Systems Regulatorβs (PSR) latest report, Unmasking How Fraudsters Target UK Consumers in the Digital Age, shines a spotlight on the tactics fraudsters employ, their impact on consumer confidence, and the measures being implemente...
19 December 2024 /payments /crime Fintech
Ben O'Brien Managing Director at Jaywing
Payment Service Providers (PSPs) need fraud detection systems that can anticipate and adapt to emerging types of fraud whilst maintaining the delicate balance between security and customer experience. We've witnessed this first-hand with our clients, where our AI-driven approach strengthens fraud detection capabilities across multiple jurisdictions...
19 December 2024 /ai /crime
In our earlier conversations, Amit Gaur, a bank manager in a rural area of Haryana, often lamented the decreasing foot traffic in banks, noting that it was almost a day off after lunch hours as customers increasingly turned to digital transactions. Recently, however, he shared alarming insights about the rising tide of digital fraud affecting his
12 December 2024 /security /crime Transaction Fraud Systems and Analysis
James O'Sullivan CEO at Nuke from Orbit
Mobile phones are integral to modern life. An overwhelming 98% of 16 to 54-year-olds own a smartphone, and 59% of workers favour their phones over laptops or desktops for running their businesses. This reliance is particularly evident in financial services. Research shows that more than three-quarters (78%) of mobile users access banking service...
11 December 2024 /security /crime
Janine Grainger CEO at Easy Crypto
Crypto investors are often seen as tech-savvy trailblazers who are unafraid to dive into complex tech and even more complicated topics like decentralised finance (DeFi) and blockchain. The reality, however, couldnβt be further from the truth. Soaring crypto prices have attracted millions of new participants, but many are still novices. Although f
09 December 2024 /crime
Fraud impacts every sector of society β from major corporations to everyday consumers. Recent trends reveal marked shifts in fraudster behaviour, highlighted by a 31% increase in romance scam payments over the past year and new patterns in investment fraud. These scams continue to grow in sophistication, combining advanced technology with social e...
05 December 2024 /crime
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