Tagged: fraud

March 8, 2026 @ 7:51 am By Tony Zerucha  |  

This week, Independent Community Bankers of America (ICBA) testified before Congress on legislative and regulatory recommendations to help community banks combat fraud and scams. Testifying before the House Financial Services Committee’s Subcommittee on Financial Institutions, Gay G. Dempsey—the CEO of Bank of Lincoln County in Fayetteville, Tenn.—said the fraud problem is urgent and… Read More

March 6, 2026 @ 7:55 am By Tony Zerucha  |  

DataVisor, an AI-powered fraud and risk management platform, released its 2026 Fraud & AML Executive Report, revealing an AI Readiness Gap between rising concern over AI-driven fraud and financial institutions’ ability to defend against it. The report found that 74% of surveyed senior fraud and… Read More

March 2, 2026 @ 8:48 am By Michael Wong  |  

South Korean police have launched an investigation into the alleged theft of cryptocurrency worth about $4.8 million that had been seized by the National Tax Service (NTS), after sensitive wallet information was inadvertently disclosed, the Korea JoongAng Daily reported. The National Police Agency (NPA) said… Read More

February 28, 2026 @ 8:54 am By Tony Zerucha  |  

Fideo Intelligence, an AI-driven identity intelligence engine, this week announced the launch of Verify for Payments, a real-time identity intelligence solution designed to help payment service providers, fintech platforms, payment processors, and financial institutions detect fraud earlier while approving more legitimate customers. As global fraud losses are projected… Read More

February 25, 2026 @ 11:38 am By Omar Faridi  |  

Businesses in Europe, the MENA Region, and Asia-Pacific regions are confronting a sharp escalation in fraud, with losses mounting faster than protective measures can respond, according to a study released by Experian. The research, conducted by Forrester Consulting on behalf of the global data and… Read More

February 22, 2026 @ 3:45 pm By Omar Faridi  |  

A San Francisco federal judge has granted a significant victory to Evolve Bank & Trust by dismissing a fraud lawsuit brought against it by fintech company Yotta Technology, at least in federal court. The ruling, issued on February 18, 2026, by Judge Trina L. Thompson… Read More

February 18, 2026 @ 1:06 pm By Omar Faridi  |  

Traditional Know Your Customer (KYC) and Know Your Business (KYB) processes are no longer sufficient. Juniper Research’s recent whitepaper  explores how identity verification is advancing beyond initial customer and merchant onboarding to encompass continuous, agent-level governance. Authored by Research Analyst Shane O’Sullivan, the report analyzes… Read More

February 13, 2026 @ 11:22 am By Omar Faridi  |  

A federal court in Brooklyn has imposed a substantial penalty on the ex-leader of a prominent crypto firm. Braden John Karony, previously at the helm of SafeMoon US LLC, received a 100-month incarceration period for his role in a deceptive operation that misled numerous backers…. Read More

February 5, 2026 @ 8:38 am By Omar Faridi  |  

Equifax (NYSE: EFX) has unveiled a new predictive tool aimed at shielding lenders from the escalating threats of first-party fraud. Announced on January 30, 2026, the Credit Abuse Risk model leverages data compliant with the Fair Credit Reporting Act (FCRA) to identify suspicious behaviors that… Read More

February 5, 2026 @ 8:07 am By Tony Zerucha  |  

ACAMS, a service provider to the AML, fraud and sanctions communities, published its annual Global Anti-Financial Crime Threats Report identifying the top financial crime threats for the coming year. The report is based on a survey of 1,400 global AFC professionals across more than 200… Read More

February 4, 2026 @ 7:28 pm By Omar Faridi  |  

In yet another blow to the prestige of Forbes’ annual list of promising young talents, a 26-year-old fintech innovator has been charged with orchestrating a sophisticated fraud that bilked investors out of millions. Gokce Guven, the CEO of Klader Inc., faces federal indictment for allegedly… Read More

February 4, 2026 @ 2:25 am By Omar Faridi  |  

In the fast-paced industry of car sales, fraud has emerged as a pressing issue for the majority of dealers, according to a recent study by Experian Automotive. Released during the National Automobile Dealers Association Show in Las Vegas, the research report highlights how deceptive practices… Read More

February 3, 2026 @ 9:13 pm By Tony Zerucha  |  

AU10TIX, a provider of identity verification and fraud detection, this week announced the success of Microsoft’s internal partner validation solution, OneVet, which uses Microsoft Azure, Verifiable Credentials (VCs), and AU10TIX’s advanced identity intelligence. The collaboration has enabled fast, accurate, and automated validation of partner accounts,… Read More

January 30, 2026 @ 3:50 am By Omar Faridi  |  

UK Finance has pointed out that industry professionals are calling for a fundamental rethink of how to combat scams. UK Finance also indicated that with fraud losses climbing to staggering levels—over £629 million in the first half of 2025 alone, marking a 17% increase in… Read More

January 28, 2026 @ 6:14 am By Omar Faridi  |  

In a move to enhance accuracy and security in consumer lending, Equifax (NYSE: EFX) has rolled out products aimed at streamlining credit decisions and combating sophisticated fraud. These advancements come at a time when financial institutions face increasing pressure to balance rapid approvals with robust… Read More

January 27, 2026 @ 10:23 am By Tony Zerucha  |  

As AI-powered fraud improves, Kidas is one company businesses and consumers from a constantly evolving threat. Kidas CEO Ron Kerbs said traditional approaches won’t stop criminals who use methods that evade standard filters. Kidas’ origins are in gaming. During the COVID-19 pandemic, people increasingly turned… Read More

January 26, 2026 @ 7:41 am By Tony Zerucha  |  

Digital identity platform GeoComply has partnered with sports betting operator Dabble to introduce precise device and location intelligence into its KYC process. The move enabled Dabble to achieve KYC pass rates above 90% while gaining improved visibility into identity theft and fraud threats. In partnership… Read More

January 25, 2026 @ 4:23 pm By Tony Zerucha  |  

According to the latest research, scammers seem to be getting more creative, and this trend appears to be changing as QR codes gain more popularity now among scammers. Recent research from cybersecurity company NordVPN reveals that more than 26 million people could have unknowingly been… Read More

January 24, 2026 @ 2:40 pm By Omar Faridi  |  

Juniper Research‘s latest report, extensively covering fraud tactics and security tech developments, released this month, offers a pragmatic assessment for industry leaders. Authored by Analyst Thomas Wilson, the study cuts through the noise by evaluating 15 key technologies using a proprietary framework that distinguishes high-performing… Read More

January 20, 2026 @ 10:50 am By JD Alois  |  

The City of London Police reports that cyber crime and fraud are now the most common crimes in the United Kingdom. Digital fraudsters are benefiting from the advent of digital finance. It has been estimated that in the first half of 2025, UK cyber crime and… Read More