Tagged: fraud

May 8, 2026 @ 10:19 pm By Omar Faridi  |  

A 30-year-old Saipan resident known as Sze Man Yu Inos, who also goes by the name Yuki, was sentenced to more than five and a half years behind bars for orchestrating a deceptive wire fraud operation that exploited the trust of numerous older women. On… Read More

May 4, 2026 @ 8:49 am By Omar Faridi  |  

North Korea has launched a forceful denial of international accusations linking it to large-scale cryptocurrency thefts, directing its ire at what it describes as “reptile media” alongside U.S. officials and allied groups. In an official statement released through state channels, a Foreign Ministry spokesperson dismissed… Read More

May 2, 2026 @ 7:23 am By Omar Faridi  |  

Juniper Research indicated that the digital identity verification market is poised for significant expansion as businesses grapple with sophisticated AI-powered fraud and stricter regulatory demands. According to a new analysis from Juniper Research, global spending on these solutions is projected to rise 55% from approximately… Read More

April 29, 2026 @ 7:53 am By Omar Faridi  |  

The Canadian federal government has unveiled plans to outlaw cryptocurrency automated teller machines (ATMs) nationwide. The announcement, embedded in the Spring Economic Update 2026 released on April 28, positions the ban as a direct response to the machines’ increasing exploitation by scammers and money launderers…. Read More

April 29, 2026 @ 2:29 am By Omar Faridi  |  

A research study from the Central Bank of Ireland has uncovered that roughly 35 percent of adults across the country have fallen victim to fraud or scams at some point. Alarmingly, nearly two-thirds of those affected ended up losing money, yet the research highlights a… Read More

April 29, 2026 @ 12:56 am By Omar Faridi  |  

The Federal Trade Commission (FTC) has recently released the latest statistics revealing that social media platforms have become the dominant channel for fraudsters targeting consumers, leading to unprecedented financial harm. The FTC revealed that in 2025 alone, individuals who fell victim to these schemes reported… Read More

April 27, 2026 @ 3:51 pm By Omar Faridi  |  

Robinhood Markets (NASDAQ:HOOD) has one of the most seamless digital investing and trading experiences, however, the investment platform continues to face challenges such as malicious phishing emails being sent to unsuspecting users. Recently, Robinhood Markets sent out an email to users explaining how consumers are… Read More

April 23, 2026 @ 3:16 pm By Omar Faridi  |  

Payments Canada continues to advance its mission of delivering secure, innovative, and inclusive national payment systems with two notable recent developments. In a move designed to fortify the country’s financial infrastructure against rising threats, the organization has appointed Patrick Boudreau as Vice-President of Fraud and… Read More

April 19, 2026 @ 1:57 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) has recently indicated that artificial intelligence is transforming the tactics of online criminals, financial institutions and everyday users are confronting a more cunning and costly threat environment. TransUnion’s mid-year 2026 supplement to its flagship fraud trends analysis reveals that identity-centric attacks and… Read More

April 19, 2026 @ 11:17 am By Omar Faridi  |  

Early Warning Services LLC, the organization responsible for the widely used Zelle payment network and the Paze digital wallet, has officially introduced Certos, a new unified branding effort that brings together its portfolio of fraud prevention and identity verification tools. The initiative aims to give… Read More

April 14, 2026 @ 9:38 pm By Omar Faridi  |  

Blockchain intelligence firm TRM Labs has played a key role in Operation Atlantic, a coordinated international effort that resulted in the freezing of more than $12 million in illicit funds and the identification of over 20,000 victims across multiple countries. The week-long operation, which wrapped… Read More

April 13, 2026 @ 7:35 pm By Omar Faridi  |  

UK Finance noted that the ongoing battle against financial crime has become more challenging because artificial intelligence has emerged as a powerful weapon (but for both sides). A recent analysis from UK Finance underscores a critical shift where fraudsters are now harnessing AI to outpace… Read More

April 12, 2026 @ 9:04 pm By Omar Faridi  |  

The Federal Bureau of Investigation (FBI) highlighted just this past week the significant growth of online scams fueled by cryptocurrency and artificial intelligence, revealing that these sophisticated schemes drained nearly $21 billion from US victims last year alone. The FBI’s 2025 Internet Crime Complaint Center… Read More

April 12, 2026 @ 6:32 am By Omar Faridi  |  

UK Finance has noted that the United Kingdom’s government has rolled out its updated Fraud Strategy for 2026–2029, marking the first key update since the previous plan was introduced three years ago under the earlier Sunak administration. With fraud now said to be representing roughly… Read More

April 10, 2026 @ 9:54 pm By Tony Zerucha  |  

LexisNexis Risk Solutions’ latest Cybercrime Report reveals key global fraud trends emerging over the past year. The report shows a significant 8% rise in global fraud rates driven by attacks targeting the gaming, gambling and e-commerce sectors, cost of living pressures and new emerging fraud… Read More

April 10, 2026 @ 5:49 pm By Tony Zerucha  |  

Persistent Systems has launched Merchant Risk Management and Fraud Detection, powered by Databricks Data Intelligence platform. The solution helps financial institutions reduce fraud losses, improve detection accuracy and lower manual review effort through real-time, intelligence-driven decisions. As digital payments scale, financial institutions, payment service providers, digital… Read More

April 10, 2026 @ 2:13 am By Tony Zerucha  |  

A cybersecurity expert suggests a burner email address can help protect people from online fraud. According to the latest data from threat exposure management platform NordStellar, 501 million unique email addresses ended up in breached databases on the dark web in 2025. Although no user… Read More

April 9, 2026 @ 11:15 am By Omar Faridi  |  

As people all over the world get ready to travel, spend money, and actively engage online during the 2026 FIFA World Cup—spanning 16 different venues across the US, Canada, as well as Mexico—The Knoble and Feedzai are offering a digital tool to enable and guide… Read More

April 8, 2026 @ 7:15 am By Tony Zerucha  |  

The latest edition of Sift’s Digital Trust Index describes an ever-evolving world of fraud, one where different access points are being used and old methods are becoming less popular. Fraud is increasingly being committed earlier in the life cycle as criminals look to compromise credentials… Read More

April 8, 2026 @ 12:12 am By Omar Faridi  |  

Argentine President Javier Milei is once again under intense public and political examination following the emergence of fresh documentation that appears to reveal more substantial involvement in the controversial $LIBRA cryptocurrency scandal than he previously acknowledged. The development has reignited debates about accountability at the… Read More