Tagged: fraud

December 28, 2025 @ 9:32 pm By Omar Faridi  |  

Analysis from the Federal Trade Commission shows that since 2020 consumers reported nearly 65,000 rental scams, many of which originated from fake listings on sites like Facebook and Craigslist, and “losses totaling about $65 million.” Rental scams usually involve fake rental listings, which “can often… Read More

December 28, 2025 @ 7:55 am By Omar Faridi  |  

The Securities and Exchange Commission recently filed charges against purported crypto asset trading platforms Morocoin Tech, Berge Blockchain Technology, and Cirkor, and investment clubs AI Wealth Inc., Lane Wealth, AI Investment Education Foundation, and Zenith Asset Tech Foundation alleging that they defrauded retail investors “out of… Read More

December 26, 2025 @ 3:50 pm By Omar Faridi  |  

Bank of Ireland says that it is reminding and warning all of its customers about social media advertisements that are currently in circulation which are said to be “impersonating well-known retailers offering deals and bargains.”  With online shopping at its peak during the festive season,… Read More

December 26, 2025 @ 8:38 am By Omar Faridi  |  

UK fraud reports from the past year have reportedly been dominated for the most part by vehicle and various ticket scams in 2025, according to new figures from Lloyds. It was driving lessons and test scams that have now recorded the sharpest year-on-year rise, up… Read More

December 23, 2025 @ 10:55 am By Omar Faridi  |  

CB Insights noted that AI is now considered to be a universal focus area for retail banks, with various generative AI use cases increasingly emerging across operations, from fraud prevention to enhancing a range of customer service solution. CB Insights also mentioned that as agentic… Read More

December 18, 2025 @ 9:01 am By Omar Faridi  |  

An EBA-ECB report on payment fraud indicates that strong authentication remains effective but fraudsters are adapting. There are a wide range of fraudulent activities and tactics now being employed to take advantage of unsuspecting consumers, especially those who might not be as tech-savvy. Some key… Read More

December 12, 2025 @ 8:02 am By Omar Faridi  |  

Do Kwon, the disgraced founder of Terraform Labs, has reportedly been sentenced to serve 15 years in prison for his alleged role in the spectacular collapse of the Luna tokens, a catastrophic incident that erased a massive $40 billion in capital back in 2022. Kwon… Read More

December 8, 2025 @ 3:07 am By Omar Faridi  |  

The Tech Against Scams Coalition (TASC), a collaboration of leading tech companies, announced Scamberry Pie, a holiday initiative focused on helping families and communities start conversations about online scam red flags. The campaign centers on Scamberry Pie, which is described as “a limited-edition cranberry tart… Read More

December 4, 2025 @ 8:17 am By Omar Faridi  |  

Kaspersky’s detection systems have reportedly discovered an average of 500,000 malicious files per day in 2025, marking a significant 7% increase when compared to the previous year. Certain types of threats saw growth globally – there was a “59% surge in password stealer detections, a… Read More

December 4, 2025 @ 8:04 am By Omar Faridi  |  

Lloyds Banking Group has recently extended its fraud prevention scheme, reinforcing a commitment to protecting unsuspecting consumers from the perils / harms of fraud. The latest update revealed by Lloyds Bank in the UK initiative, launched back in 2021, will have seen £15 million of… Read More

December 3, 2025 @ 12:30 pm By Omar Faridi  |  

Feedzai, the AI-native RiskOps platform for financial crime prevention, released “The AI Advantage: Fraud Fighters’ New Career Guide,” a new research report showing that financial services employees who embrace AI are outperforming their peers “across every measure of career success — from compensation to promotions… Read More

December 3, 2025 @ 10:46 am By JD Alois  |  

Reflecting on a survey released today by Santander that addresses the UK payments market as well as fraud concerns. A BioCatch executive says the results indicate a need to change payment regulations in the UK. BioCatch is a cyber firm that tackles the vulnerabilities in… Read More

December 2, 2025 @ 2:22 pm By Omar Faridi  |  

Juniper Research has released a whitepaper, entitled, Beyond Chargebacks: The True Cost of Fraud for Digital Commerce, which examines the current state of the eCommerce fraud prevention market; considering “the impact of evolving digital fraud strategies, including trends like identity theft, account takeovers, chargebacks, policy… Read More

November 28, 2025 @ 12:46 am By Omar Faridi  |  

BioCatch, which reportedly aims to prevent financial crime by recognizing patterns in human behavior, announced an upgrade to its digital fraud- and financial crime-detection platform. BioCatch Connect 2.0 now features BioCatch Align, a singular SDK that unifies signal collection (behavior, device, network, transactional, and application),… Read More

November 27, 2025 @ 1:44 pm By Omar Faridi  |  

Sumsub released its latest Identity Fraud Report, analyzing verification checks and fraud attempts between 2024–2025. The study blends global and regional dynamics from internal data with findings from Sumsub’s Fraud Exposure Survey 2025, featuring responses from “300+ risk professionals and 1,200+ end users.” In 2024,… Read More

November 25, 2025 @ 5:09 pm By Omar Faridi  |  

Entrust, a global enabler of identity-centric security solutions, released its Identity Fraud Report. The report examines key trends, tactics, and techniques used in identity fraud in the past year, offering insights in order to help businesses protect customers and operations. Data reveals deepfakes account for… Read More

November 25, 2025 @ 4:54 pm By Omar Faridi  |  

To mark International Fraud Awareness Week, Visa (NYSE: V) released its Fall 2025 Biannual Threats Report, revealing five forces that are transforming the global payments security landscape. The report, produced by Visa’s Payment Ecosystem Risk and Control team, draws on intelligence from Visa’s network to… Read More

November 25, 2025 @ 12:58 pm By Tony Zerucha  |  

GFT Technologies and FICO have joined forces in a new global partnership. Their goal: help banks act in real-time, stop fraud early, and simplify risk decisions using AI. “This partnership reflects what the market needs most: speed, trust, and intelligence at scale,” said Marco Santos, global CEO of… Read More

November 24, 2025 @ 8:07 am By Omar Faridi  |  

Data and tech company, Experian, and fraud prevention service, Cifas, released a report which reveals a 9% rise in identity fraud, signaling the scale of fraud facing UK based firms as the festive season approaches. ‘Unwrapping fraud: helping you to prepare for the festive season’… Read More

November 22, 2025 @ 7:35 pm By Omar Faridi  |  

ID-Pal, a provider of AI-enhanced identity verification, announced an update to its document-fraud detection feature, ID-Detect, enabling defenses against digital manipulation generated by AI. This kind of manipulation is reportedly one of the “fastest-growing” threats facing financially regulated enterprises and payments providers. AI-fraud remains a… Read More