535 Results from /crime
Helena Wood Director of Public Policy at Cifas
If politicians and policymakers were feeling jubilant this time last year following indications of a 10% drop in the levels of fraud in the UK, the plateauing of fraud statistics and the early indications of increased fraud levels, may be cause for a more muted start to 2025. As Cifas' six-month data released last year showed, while fraud losses i...
05 February 2025 /crime /predictions
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Payment fraud (i.e. the unauthorized or deceptive use of stolen payment information to obtain money, goods, or services) remains a major challenge for financial institutions. With new regulations requiring banks to compensate fraud victims, fraud prevention has become a top priority. However, fraud techniques are evolving rapidly, often outpacing
27 January 2025 /regulation /crime Exposing Financial Crime
Tristan Prince Product Director, Fraud & Financial Crime at Experian
Technology is now astoundingly intelligent and accessible. It poses a significant challenge for fraud prevention in financial services, as there have never been so many ways for criminals to scam customers and bypass stringent security systems. In the 2024 Experian Fraud Report, 57% of businesses reported that fraud losses have increased in recent...
24 January 2025 /identity /crime
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Financial Conduct Authority (FCA) has published its updated review of money laundering through markets (MLTM), building on prior work such as the 2019 thematic review (TR19/4). This latest analysis outlines progress, persistent gaps, and new challenges in combating financial crime in capital markets. It also provides practical recommendation...
23 January 2025 /regulation /crime Fintech
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
More than 90% of 2024 breaches were financially motivated. No surprise that the banking and financial services industry and insurance (BFSI) is a top target for cybercriminals. Let’s explore five major attacks that rocked the industry in 2024, exploring methods used by threat actors, the resulting impact on affected organizations, and key sec
21 January 2025 /security /crime Information Security
The Enterprise Fraud Risk Assessment (Practice Note) has been developed by the Government Counter Fraud Profession (GCFP) Centre of Learning, operating out of the Public Sector Fraud Authority. It was made public on the 13th of January 2025 to provide organizations with a robust framework for mitigating fraud risks and safeguarding resources. Fra...
20 January 2025 /regulation /crime Fintech
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Crypto and crime—the two are often linked in the same breath, as if digital assets are the preferred playground for bad actors. “It’s anonymous,” critics say. “Perfect for laundering money,” other critics flag. But is that really true, or is it just an easy scapegoat? Here’s the thing: money laundering isn’t a crypto problem—it’s a financial syste...
07 January 2025 /crypto /crime
Benjamin Davies Head of Sales at ComplyCube
Having worked with compliance teams throughout my professional career, I’ve 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...
06 January 2025 /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
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