fraud
BusinessFacebook & fraud. the customer isn’t always right
FinanceHaunted by a ghost broker: Why the insurance industry needs to redouble its efforts to protect consumers
TechnologyFighting fraud: Why should preventing crime be voluntary?
Top StoriesNatWest limits customers’ crypto transfers, citing scam concerns
Using digital identity verification software to mitigate fraud in the frenzied rental market
Date: March 13, 2023
By Mark O’Hara, Enterprise Sales Manager and Right to Rent expert at ID-Pal Fraud thrives in uncertainty and in the past two years, uncertainty has become the new normal. The world experienced an overnight move to operating online during the pandemic and there was an urgent need to still be able to do business remotely....
Fraudsters targeting Mid-Sized financial institutions – FRAML technology counters attacks
Date: March 1, 2023
By Eric Tran-Le, VP & Head of Premier, NICE Actimize As global financial institutions continue to armor themselves again increased fraud, fraudsters and their associated emerging fraud types continue to move from financial institution to financial institution, with mid-sized FIs on the receiving end of an onslaught of new scams and other fraudulent attacks –...
TD, other banks reach $1.35 billion settlements to end stanford litigation
Date: February 28, 2023
By Jonathan Stempel (Reuters) -Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank <TD.TO> will pay $1.205 billion, HSBC Holdings Plc will pay $40 million and Independent Bank Group Inc, formerly Bank of Houston,...
Top tips for avoiding bank account scams in 2023
Date: January 4, 2023
By Gemma Staite, Threat Analytics Lead at BioCatch Record levels of fraud are being dealt with in the financial services industry. In comparison to the offences committed in 2018, there has been a 151% increase in fraud in 2022, according to a recent UK Finance report. The upcoming “scampocalypse” is being caused mostly by two things....
How digital signatures and blockchain technology can help to mitigate fraud risks
Date: December 9, 2022
Tage Borg, Chief Technology Officer of Scrive, explains the preventative measures banks should be implementing to protect their customers In the first half of 2021, criminals stole a total of £753.9 million through fraud, which represents a 30% increase compared to H1 2020. While advanced security systems managed to prevent a further £736 million from...
Top payments trends for 2023: A year of continuing transformation
Date: December 7, 2022
By Jon Horddal, Group Chief Product Officer at emerchantpay Over the last few years, payments innovation has accelerated at an incredible pace and 2023 promises to be no different. As the world contends with never-before-seen social and economic challenges, merchants must adapt and ensure they are well prepared for what’s to come. Here are the top four...