582 Results from /crime
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In What Is Subscription Trap? (Part 1), we saw several Dark Patterns used by brands and service providers ("Merchants") to make it difficult for us to cancel subscriptions like Social network e.g. LinkedIn Premium Digital media e.g. Wall Street Journal Streaming video service / OTT e.g. Netflix Hosting service e.g. Hostgator SAAS softwa...
20 December 2021 /payments /crime
Amita Choudhary Marketing Manager at Princeton Growth Accelerator
In the modern world, we are all so used to our data being for sale that many of us do not even really evaluate the issue. However, while we might not mind our email address or name being on a marketing database, your financial data is far more important to keep private. That is why you should ignore the importance of financial privacy. Want to sto...
20 December 2021 /crime Financial Inclusion
Jackie Barwell Director at ACI Worldwide
Against the backdrop of continuing economic uncertainty, financial fraud will continue to thrive in 2022, with fraudsters expected to exploit consumers across all digital channels. Sadly, the industry has not yet solved the age-old question: “Who are you?”. And as it stands, fraudsters, in many cases, are winning the war when it comes to financial...
16 December 2021 /crime /predictions Transaction Fraud Systems and Analysis
Gabriel Hopkins Chief Product Officer at Ripjar
With the constant barrage of news related to Covid-19, it is sometimes easy to forget about the complex geo-political world we live in and the difficult and seemingly intractable problems that fill it. One reminder of those complex problems came in late November with the inclusion of Turkey on the Financial Action Task Force (FATF) greylist along...
15 December 2021 /regulation /crime RegTech
Mark McCluskie Head of Investigations EMEA at Nuix
Fraudulent activity surging The Office of National Statistics (ONS) has reported that 5 million fraud offences were committed in the year ending June 2021: A 32% increase compared to 2019. Despite the prevalence of fraud across the country, some corporates including financial institutions believe that criminal behaviour isn’t something that they ...
15 December 2021 /security /crime Information Security
Retired Member
The Christmas season is here, and many retailers are feeling positive about performance this year, given that non-essential shops are open and things are heading back to normal. Sales, especially online, are already brisk and widely expected to become yet more robust in December. A good Christmas season on average accounts for 20% of annual revenu...
03 December 2021 /crime Business
Simon Moss CEO at Symphony AyasdiAI
The United Nations has estimated that between $800 billion and $2 trillion are laundered every year, though it’s almost impossible to know the true amount. In an attempt to deter this crime, we’re seeing fines continue to increase. In 2020, authorities handed out $5.6 billion in money laundering fines – a massive uptick from prior years – and when...
01 December 2021 /crime /predictions Exposing Financial Crime
Alex Robinson Fraud Analytics at TSB
Unsecured systems and processes can be remarkably easy to exploit. Just imagine a banking call centre, where employees process payments on behalf of customers every day. Before the world changed in early 2020, call centre supervisors could control and monitor employee access to customers’ information and money. When that work went remote, supervi...
01 December 2021 /security /crime Financial Risk Management
Financial fraud causes billions in losses every year for banks and financial institutions (FIs). By 2027, the global cost of fraud could reach $40.62 billion. In the UK alone, £753.9 million was stolen through fraud this year, an increase of 30% compared to the same period in 2020. The rapid adoption of digital and real-time payments and new payme...
30 November 2021 /payments /crime Fintech
The global cost of financial crime compliance is estimated to be $213.9bn, according to Lexis Nexis’ Global Cost of Compliance 2020 report, up from $180.9bn the previous year. And this is expected to grow. The range of risks outlined by the thousand banks that were surveyed were broad, ranging from customer risk profiling and sanctions screening, ...
26 November 2021 /regulation /crime Exposing Financial Crime
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