Tagged: fraud

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

March 31, 2026 @ 7:21 am By Omar Faridi  |  

The Payments Association in the UK has issued a strong appeal for the introduction of a collective accountability model in financial regulation. This proposal emerges from fresh analysis showing that a major share of recent losses tied to authorized push payment scams can be linked… Read More

March 31, 2026 @ 5:29 am By Tony Zerucha  |  

NordVPN’s Threat Intelligence research unit, in collaboration with TechRadar, has revealed three major, interconnected global cybercrime operations exploiting user trust in digital platforms, outdated technology, and cryptocurrency markets. “Online scams are evolving faster than ever before. What once looked like crude attempts to trick a… Read More

March 29, 2026 @ 2:31 pm By Omar Faridi  |  

Earlier this month, the web3 and crypto sector has suffered another setback with the Chapter 11 bankruptcy filing of Goliath Ventures, a Florida-based firm previously known as Gen-Z Venture Firm. Its founder and former CEO, Christopher Delgado, was arrested by federal authorities on charges of… Read More

March 27, 2026 @ 3:14 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) disclosed alarming new figures showing that American consumers lost $15.9 billion to fraud during 2025, underscoring the growing scale of deceptive schemes targeting the public. The data emerged in testimony delivered on March 25, 2026, before the Joint Economic Committee,… Read More

March 24, 2026 @ 2:37 pm By Omar Faridi  |  

Senior cybersecurity executives find themselves navigating a pivotal moment where artificial intelligence is simultaneously amplifying risks and strengthening protective measures. A new EY Cybersecurity Roadmap Study of 500 top corporate security officials highlights how organizations are urgently channeling resources into advanced AI tools and self-governing… Read More

March 23, 2026 @ 9:16 pm By Omar Faridi  |  

TRM Labs has noted that federal officials in North Carolina have confiscated more than $61 million in stablecoin USDT tied to one of the most sophisticated and damaging online fraud schemes targeting everyday investors. TRM Labs also mentioned that the action, disclosed recently by the… Read More

March 14, 2026 @ 9:47 pm By Omar Faridi  |  

The United Kingdom experienced a sharp escalation in fraudulent activity throughout 2025, with organizations submitting a total of 444,993 risk alerts to the National Fraud Database operated by Cifas. This total represents the largest volume ever documented in any single year and reflects a 6%… Read More

March 13, 2026 @ 8:34 am By Omar Faridi  |  

CertiK has pointed out that cryptocurrency ATM scams have evolved into one of the fastest-growing threats in the digital asset space. According to blockchain security firm CertiK’s latest Skynet analysis, total losses from these schemes reached $333.5 million in 2025 alone—a dramatic escalation fueled by… Read More

March 12, 2026 @ 7:38 pm By Tony Zerucha  |  

InformedIQ, a developer of AI-based software for income and employment verifications, has released the results of an industry-wide survey, presented to more than 2,500 auto finance professionals. The findings reveal that while fraud levels are reaching new heights, lenders are increasingly wary of generic AI… Read More

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