fraud
BusinessCapital intensive projects: The impact of fraud, error, waste and abuse
BusinessAddressing expense fraud: A vital concern for businesses amidst economic strain in the UK
TechnologyHow can AI keep smaller institutions ahead of financial fraud?
FinanceFrom data to defense: The case for data orchestration in the fight against financial fraud
Fraud against financial institutions calls for tighter security measures protecting customers in 2024
Date: February 29, 2024
Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024 In January 2024, Citigroup was sued for its weak security measures against fraud. In the civil complaint, it was alleged that the financial institution did nothing to protect their customers and further denied account holders the right to reimbursements after they lost...
Guarding against APP fraud by adopting confirmation of payee
Date: February 12, 2024
Guarding Against APP Fraud by Adopting Confirmation of Payee By Alberto Céspedes-Sharp, Pre-Sales Compliance Officer (First Line of Defence) at Clear Junction In an era where fraudsters relentlessly find new ways to steal other people’s money, the threat of Authorised Push Payment (APP) fraud looms large. Daily headlines recount new and ingenious methods that strike...
2024 fraud trends
Date: November 20, 2023
2024 fraud trends By Andrew Doyle, CEO, AML compliance software, NorthRow There’s no escaping the fact that incidents of fraud are growing, and at an alarming rate. In fact some of the statistics make for pretty grim reading. According to a report from the Association of Certified Fraud Examiners, up to five percent of corporate...
Defeating frankenstein’s monster: A tale of the financial industry’s fight against synthetic identity fraud
Date: November 14, 2023
Defeating Frankenstein’s monster: A tale of the financial industry’s fight against synthetic identity fraud By Alex Tonello, Chief Revenue Officer, Trustfull What do Mary Shelley and financial fraudsters have in common? They’ve both created fake characters that were made of component parts of other people. Or, to state its proper name in the case of...
Payments app zelle begins refunds for imposter scams after Washington pressure
Date: November 13, 2023
Payments app Zelle begins refunds for imposter scams after Washington pressure By Hannah Lang (Reuters) – Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change. The 2,100 financial firms on Zelle, a...
Battling bots in the ticketing industry: How best to stymie the scalpers
Date: September 14, 2023
Battling bots in the ticketing industry: how best to stymie the scalpers By Antoine Vastel, Head of Research at global cybersecurity company DataDome Nowadays, almost all businesses have an online platform. Within the ecommerce industry, online sites are constructed to provide a seamless shopping experience, providing easy access to hot items. Within the ticketing sector,...