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Financial crime Stories - Page 17

Global Stories

Financial crime stories

Crypto job scams in Australia cost victims USD $9.3 billion
Online Safety

Crypto job scams in Australia cost victims USD $9.3 billion

An Infoblox investigation exposes how recruitment scams on Telegram target Australians with fake jobs, demanding crypto payments to continue employment.

By Melania Watson • 3 min read • Thu, 8th May 2025
Bybit: when hackers target people, not systems
Multi-factor authentication

Bybit: when hackers target people, not systems

Bybit suffered a major hack, exposing vulnerabilities from human error rather than blockchain flaws, as attackers manipulated staff to divert funds.

By Janine Grainger • 4 min read • Mon, 24th Mar 2025
Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth
Unified Communications

Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth

Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.

By Melania Watson • 5 min read • Fri, 14th Mar 2025
Omri Kletter joins Outpost24 as chief product officer
Unified Communications

Omri Kletter joins Outpost24 as chief product officer

Outpost24 has appointed Omri Kletter as Chief Product Officer, aiming to enhance its cyber risk management solutions and support growth heading into 2025.

By Moritz Florian • 3 min read • Fri, 28th Feb 2025
Survey reveals slow adoption of AI in anti-money laundering
Risk & Compliance

Survey reveals slow adoption of AI in anti-money laundering

A survey by SAS and KPMG reveals sluggish AI and ML adoption in anti-money laundering, with only 18% of financial institutions fully implementing these technologies.

By Sean Mitchell • 4 min read • Wed, 26th Feb 2025
Romance scams reach six-year high, Moody's reports
Social Media

Romance scams reach six-year high, Moody's reports

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

By Shannon Williams • 3 min read • Thu, 13th Feb 2025
Key Cyber Security Trends to Watch in 2025
Advanced Persistent Threat Protection

Key Cyber Security Trends to Watch in 2025

As the cybersecurity landscape evolves, organisations must adapt to emerging trends in 2025, prioritising cloud solutions, AI risks, and skills shortages.

By Les Williamson • 5 min read • Thu, 30th Jan 2025
AI revolutionising financial crime detection by 2025
Quantum Computing

AI revolutionising financial crime detection by 2025

The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.

By Shannon Williams • 4 min read • Mon, 27th Jan 2025
Bureau raises USD $30m Series B amid soaring fraud costs
Gaming

Bureau raises USD $30m Series B amid soaring fraud costs

Bureau has raised USD $30 million in a Series B funding round, aiming to tackle the global fraud crisis, which costs USD $486 billion each year.

By Sean Mitchell • 3 min read • Thu, 19th Dec 2024
Banks cut onboarding time by 32% with digital identity
Clean technologies

Banks cut onboarding time by 32% with digital identity

A new report reveals banks using Corporate Digital Identity reduce onboarding time by 32%, enhancing compliance accuracy and operational efficiency.

By Sean Mitchell • 2 min read • Wed, 4th Dec 2024
North Korean operatives exposed in global tech job scam
Malware

North Korean operatives exposed in global tech job scam

SentinelLabs reveals North Korean operatives are masquerading as foreign IT professionals to infiltrate global tech markets and bypass sanctions.

By Shannon Williams • 3 min read • Fri, 22nd Nov 2024

Stories from Other Regions

Financial crime stories

UK banks see spike in mobile fraud as scams shift from calls
Email Security

UK banks see spike in mobile fraud as scams shift from calls

UK mobile banking fraud surged 11% in 2024 as scammers shift from voice scams, with card fraud and remote iOS attacks also on the rise, reports BioCatch.

By Shannon Williams • 3 min read • Mon, 5th May 2025
Revolut report highlights surge in Telegram, WhatsApp scams
Email Security

Revolut report highlights surge in Telegram, WhatsApp scams

Revolut's latest report reveals Meta platforms are the primary source of scams affecting consumers, with reported cases rising significantly in Australia and globally.

By Shannon Williams • 2 min read • Thu, 3rd Apr 2025
UK sees 63% rise in savings accounts used for fraud
Credit card fraud

UK sees 63% rise in savings accounts used for fraud

Reports indicate a staggering 63% rise in the misuse of savings accounts for fraud in the UK last year, outpacing a 12% increase in current accounts.

By Shannon Williams • 3 min read • Fri, 7th Mar 2025
UK unveils £14 billion AI plan with tech sector backing
Customer Experience

UK unveils £14 billion AI plan with tech sector backing

The UK aims to lead in artificial intelligence with a new AI Opportunities Action Plan and GBP £14 billion investment from tech firms to enhance various sectors.

By Shannon Williams • 3 min read • Wed, 22nd Jan 2025
Corporate Digital Identity: a tool to combat financial crime
Money Laundering

Corporate Digital Identity: a tool to combat financial crime

Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.

By Melania Watson • 3 min read • Fri, 29th Nov 2024
Outsourcing AML: Five key factors for financial firms
Outsourcing

Outsourcing AML: Five key factors for financial firms

EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.

By Sean Mitchell • 3 min read • Thu, 21st Nov 2024
SAS campaigns for anti-fraud AI during awareness week
Data Analytics

SAS campaigns for anti-fraud AI during awareness week

SAS teams up with the Association of Certified Fraud Examiners to advocate for anti-fraud AI during International Fraud Awareness Week amid rising fraud tactics.

By Sean Mitchell • 2 min read • Thu, 21st Nov 2024