572 Results from /crime
Clare Rowley Head of Business Operations at Global Legal Entity Identifier Foundation (GLEIF)
The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the United States reached an estimated 320 billion U.S. dollars as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over 300 billion U.S. dollars. According to the latest estimates, this ...
24 May 2024 /identity /crime Digital Identity Management
Nick Green Director at Purple Patch Broking Ltd
Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build. The challenge is: There’s no silver bullet solution. Given the diversity of fraudulent activ...
23 May 2024 /retail /crime Banking
Simon Luke UK Country Manager at First AML
When you think of money laundering, you may picture an underworld of hidden criminals doing dark deeds. You may also think of the real world consequences, which can result in the exploitation of vulnerable people across the globe. Clearly, our collective goal needs to be disrupting the flow of dirty money wherever possible. With such high stakes, ...
22 May 2024 /regulation /crime Financial Services Regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...
21 May 2024 /security /crime Banking Regulations
APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up 22% in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has ...
21 May 2024 /retail /crime Banking
Nick Feast Principal Business Solutions Manager at SAS
If cracking an insurance fraud case is like assembling a jigsaw puzzle, then data points are the puzzle pieces. Insurer special investigative units (SIUs) work hard to put together the data at hand — the puzzle pieces — to see the complete picture. But just as missing crucial pieces of a puzzle can leave the picture incomplete, a lack of data can ...
16 May 2024 /ai /crime
Mark Nutt Senior Vice President, International Sales at Veritas
There’s no hiding from it; ransomware is once again on the rise and today’s attackers do not discriminate. Regardless of size and sector, no organisation is immune and as the list of recognisable victims grows longer, it’s not a case of ‘if’ a business will get hit but ‘when’. For financial services organisations, in particular - due to the very n...
09 May 2024 /security /crime Banking Strategy, Digital and Transformation
Serhii Bondarenko Artificial Intelegence at Tickeron
Algorithmic trading strategies, pivotal in today's financial markets, must be built on solid statistical methods and a sound understanding of market dynamics. These strategies automate trading by following a set of rules designed to capture persistent market inefficiencies. However, a strategy can only be effective if it consistently recognizes th...
06 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
Hedge funds and institutional investors have traditionally held a significant advantage in the financial markets, largely due to their vast resources for research and sophisticated trading technology. This professional edge has enabled the development of advanced trading platforms that were well beyond the reach of individual retail investors. How...
05 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
Swing trading is a financial strategy aimed at capitalizing on short- to medium-term gains in stock or other financial instruments over a period of a few days to several weeks. This method primarily employs technical analysis to identify potential trading opportunities, though it may occasionally incorporate fundamental analysis to bolster the tra...
03 May 2024 /inclusion /crime Artificial Intelligence and Financial Services
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