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Find here all the latest articles, news, and research on Fraud Prevention and other Fraud Prevention-related topics:

Find here all the latest articles, news, and research on Fraud Prevention and other Fraud Prevention-related topics:

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Unimarket and Finexio launch payment risk score for fraud prevention

News | Digital Identity, Security & Online Fraud | 13 Sep 2024

Unimarket, a provider of spend management solutions, has introduced the Payment Risk Score (PRS) in collaboration with Finexio.

partnership, product launch, fraud prevention, spend management, payment fraud

PwC chooses Strise to automate AML processes

News | Digital Identity, Security & Online Fraud | 11 Sep 2024

AML automation company Strise has announced that PwC Norway has implemented its AML Automation Cloud to augment its AML processes and reduce manual work.

AML, digitalisation, regulation, KYC, fraud prevention, cloud

Fraud Insights: What Industry Data Says About Financial Fraud in 2024

Webinar | Digital Identity, Security & Online Fraud | 10 Sep 2024

Join NICE Actimize as they reveal the findings from their 2024 NICE Actimize Fraud Insights Report, developed by data scientists and fraud experts using NICE Actimize’s collective intelligence. Fraud subject matter experts will explore industry-wide fraud trends, highlighting what poses the most risk for your financial institution and customers.

intelligence, fraud prevention, threat

Identity orchestration: beyond mitigating risk to multiple benefits

Voice of the Industry | Online Payments | 10 Sep 2024

As fraud risk rockets and regulations tighten, customer identity and authentication management (CIAM) is top-of-mind for banks, financial services firms, and insurers (BFSIs). Netcetera’s Martin Zeisel says comprehensive, properly orchestrated CIAM has benefits beyond mitigating risk and maintaining compliance.

 

online payments, online authentication, identity verification, digital identity, payment fraud, fraud management, fraud detection, online fraud, fraud prevention, regulation, transaction monitoring, compliance, FIDO, biometric authentication, payments , EIDAS

iDenfy partners with Bitlocus to improve crypto security

News | Digital Identity, Security & Online Fraud | 10 Sep 2024

iDenfy, a Lithuania-based regtech startup specialising in ID verification and fraud prevention, has partnered with Bitlocus, a regulated cryptocurrency exchange.

partnership, crypto, identity verification, fraud prevention, cryptocurrency exchange

UAE augments financial crime regulations with AML strategy

News | Digital Identity, Security & Online Fraud | 09 Sep 2024

As part of the government’s 2024-2027 National Strategy for AML, CFT, and Proliferation Financing, the United Arab Emirates (UAE) has introduced new regulations to mitigate financial crime. 

financial crime, fraud prevention, fraud detection, online security, regulation, AML, CFT

Lloyds Bank report reveals surge in ecommerce scams

News | Digital Identity, Security & Online Fraud | 09 Sep 2024

Lloyds Bank has released a report focusing on the rise of scams targeting customers on ecommerce platforms.

ecommerce, fraud prevention, scam, financial services

North Korea hits crypto industry with social engineering attacks

News | Cryptocurrencies | 06 Sep 2024

The FBI has announced that the Democratic People's Republic of Korea is engaging in social engineering campaigns targeting employees in the DeFi and cryptocurrency sectors.

fraud prevention, social engineering, cryptocurrency, DeFi, cybersecurity

Clearview AI faces the biggest GDPR fine given in Europe

News | Digital Identity, Security & Online Fraud | 05 Sep 2024

Clearview AI, a US-based facial recognition startup, has faced its largest privacy fine in Europe for violating the EU General Data Protection regulations.

fraud management, identity theft, identity verification, fraud detection, fraud prevention

UK regulator proposes reducing bank payout cap for fraud victims

News | Digital Identity, Security & Online Fraud | 05 Sep 2024

British regulators have proposed banks and payment companies in the UK may only need to compensate fraud victims up to GBP 85,000 instead of the expected GBP 415,000 limit. 

APP fraud, fraud prevention, scam, payout, regulation

Vasmobile launches the African biometric school ID program - SkoolID

News | Digital Identity, Security & Online Fraud | 04 Sep 2024

IDEX Biometrics and Vasmobile have introduced SkoolID, the African School ID and Smart Payment Card, using IDEX's biometric card platform.

fraud management, fraud detection, identity verification, fraud prevention, identity fraud

FinCEN releases final rules to protect real estate from illicit finance

News | Digital Identity, Security & Online Fraud | 04 Sep 2024

The US Department of the Treasury's FinCEN has introduced two rules to safeguard real estate and investment advisers from illicit finance.

regulation, fraud management, fraud detection, fraud prevention

Sumsub introduces Local Data Processing (LDP) for APAC

News | Digital Identity, Security & Online Fraud | 04 Sep 2024

Sumsub, a worldwide verification platform, has released Local Data Processing (LDP) capabilities in the APAC region.

fraud management, fraud detection, AML, APAC, fraud prevention

Federal Council adops further measures against Russia

News | Digital Identity, Security & Online Fraud | 03 Sep 2024

The Federal Council has decided to adopt further measures of the EU’s 14th package of sanctions against Russia, in response to its ongoing military aggression against Ukraine.

fraud management, online fraud, fraud detection, fraud prevention

Finance and tech companies collaborate to fight economic crime

News | Digital Identity, Security & Online Fraud | 03 Sep 2024

A group of leading financial and technology companies, including AWS and Mastercard, has formed a new coalition in the UK to address economic crime using digital verification methods.

partnership, fraud prevention, digital verification, financial crime

Monetary Authority penalises WeChat Pay Hong Kong

News | Digital Identity, Security & Online Fraud | 02 Sep 2024

The Monetary Authority has imposed penalty actions on WeChat Pay Hong Kong for breaching the Payment Systems and Stored Value Facilities Ordinance.

fraud detection, fraud management, monetary authority, AML, fraud prevention

AuthenticID launches Smart ReAuth biometric reauthentication

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

Identity verification provider AuthenticID has rolled out Smart ReAuth, a solution that uses a selfie to instantly re-confirm one’s identity.

biometrics, identity verification, product launch, fraud prevention, identity fraud

Frank leverages iDenfy's ID verification to optimise security

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

Lithuania-based regtech solution provider iDenfy has announced a strategic collaboration with Frank to support the latter in mitigating fraudulent activities on its transportation platform. 

identity verification, digital verification, digital onboarding, fraud prevention, online security, KYC

Airtel Payments Bank launches new security features to optimise banking

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

India-based Airtel Payments Bank has announced the launch of two new features to improve the digital banking experience via increased security and transparency. 

fraud management, fraud detection, fraud prevention, online security, digital banking, customer experience

UK officers break up GBP 55 million money laundering ring in Hackney

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

A proactive investigation launched by UK police has uncovered an international network of ML via Chinese underground banking, valued at GBP 55 million.

fraud management, fraud detection, online fraud, fraud prevention, money laundering