121 Results from 2022, /crime
René Hendrikse Vice President & Managing Director, EMEA & LATAM at Mitek
Are you a good password user? If you have different passwords for every account, each a unique configuration of letters, numbers, capitals, and symbols, perhaps you are. No one can access your accounts. Including you. Today, to access our many online accounts, each of us has an average of a hundred passwords. We need the accounts to access modern l...
06 July 2022 /security /crime Information Security
Caris Jackson Marketing Content Writer at UTP Merchant Services Limited
As a society we cannot seem to catch a break. We have had the relief of coming out of a global pandemic and various lockdowns. But now we have a cost-of-living crisis, a recession looming, and are facing an epidemic of fraud. Times cannot be tougher. Energy bills are on the rise, along with fuel and food prices. Fraudsters are preying on us when s...
06 July 2022 /security /crime
Frank Cummings CEO at AML Partners LLC
July 4 revelers in Highland Park, IL, experienced another mass-casualty shooting in America. Stunningly, at this point it’s no longer surprising to see these news alerts. Something has to change. I wrote here a couple weeks ago that RegTech behavior-monitoring technologies have the potential to warn of impending violence—like school shootings and ...
05 July 2022 /crime /predictions RegTech
John Bertrand MD at Tec 8 Limited
Scammers are after your money in your bank account and the latest UKFinance Fraud Report 2022* generated newspaper headlines below: “Britain is £3bn fraud capital of the world: Probe reveals 40m Britons have been targeted by scammers this year... but just 2% of our police are investigating the crime plague”** In fairness, bank fraud – Credit Cards,...
05 July 2022 /regulation /crime Innovation in Financial Services
Nish Kotecha Co-Founder & Chairman at Finboot
ABBA, one of the most successful bands in history performed in London recently. Agnetha, Björn, Benny and Anni-Frid looked real, authentic and amazing for their years. The crowds loved it. Regrettably, the singers were holograms created with weeks of performing on a stage in Stockholm, in front of hundreds of cameras collecting their every movemen...
05 July 2022 /regulation /crime Banking Regulations
Ivan Zhiznevskiy Founder & CEO at 3S Money
Up to $2 trillion is laundered every year according to the United Nations. Shockingly, they also estimate that banks help catch less than 1% of this crime. And, sadly, the UK ranks second in the money laundering hall of shame. On occasion, the finger of blame is pointed at Fintechs, with some being branded as an open door for dirty money. But,...
05 July 2022 /crime Exposing Financial Crime
Expect a spike in Financial Crime. Here’s why and how you can prepare for it. Why expect a spike in financial crime? It’s the economy, of course. We are on the doorstep of recession, and it’s hard to imagine a gimmick or politician who can stop it now. For those of us who specialize in AML Compliance and related Risk, economic recession strongly ...
01 July 2022 /regulation /crime RegTech
Traci Krepper Head of Propositions, Identity and Fraud at Experian UK&I
We are all digital consumers. Even before the Covid-19 pandemic, an ever-growing number of consumers were accessing all manner of services online, with their expectations of a frictionless, seamless experience growing as well. These growing expectations are central to a successful digital operation. How can businesses and other organisations create...
01 July 2022 /identity /crime Biometrics
The observation that “The International nature of fraud is not just on the rise, rather it is endemic” sums up the Future of Fraud in a compelling and disquieting manner. There are no simple answers. Imagine in Victim’s Narratives, from the year 2032, “her bank refuses to accept any liability”. This suggests over the next 10 years, “fraud remains ...
27 June 2022 /regulation /crime Banking Strategy, Digital and Transformation
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
By Rodrigo Zepeda, CEO, Storm-7 Consulting GLOBAL AND NATIONAL ESTIMATES OF TAX EVASION The most recent estimates of the cost of global tax evasion to governments around the world is nearly $500 billion (£408 billion) – around $312 billion (£254.68 billion) is lost because of tax abuse by multinational corporations, and around $171 billion (£139.5...
24 June 2022 /regulation /crime Exposing Financial Crime
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