Financial crime stories - Page 4

AI-powered social engineering and Windows 11 upgrades are reshaping ATM crime, shifting attacks from skimming to manipulative fraud.

SAS predicts agentic AI will run core banking by 2026, reshaping trust, fraud defences, climate risk and quantum-powered decision making.

Zama predicts privacy-first compliance tools and quantum-safe cryptography will become standard for regulated onchain finance by 2026.

AI-powered 'Truman Show' scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims' digital identities.

A leading fraud expert says the FCA's new Firm Checker will boost transparency but leave sophisticated social engineering scams largely untouched.

Dark web vendors sell UK ID packs for about USD $30, helping criminals bypass biometric checks at banks and fintechs, AMLTRIX warns.

Banks are set to embed AI deep into payment systems by 2026, slashing costs as fraud surges and pressure mounts on platforms and regulators.

Neighbourly breach puts up to a million users at risk as stolen GPS data and messages hit dark web, experts urge extreme vigilance online.

As cross-border payments soar towards USD $1 quadrillion, businesses race to tackle identity fraud with AI, biometrics and smarter data.

Kyckr retains top spot as Chartis names it KYC data category leader for 2025, highlighting its strengths in real-time global registry data.

MITRE warns that cheap face-swap deepfakes can defeat banks' remote KYC checks, bypassing liveness tools to open fraudulent accounts.

New Zealand cyber losses hit NZD $12.4 million in Q3 2025, more than doubling as business email scams and high-value transfers surge.

Autonomous 'agentic' AI fraud tools set to intensify cybercrime by 2026, forcing firms to fuse human judgment with smarter machine defences.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

SEON launches enhanced AML platform tools to help businesses manage complex cross-border compliance with flexible screening and investigative analytics.

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

Nearly 24% of Instagram posts tagged as 'quick-money' offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

New Zealand faces NZD $1.6bn in scam losses; criminologist urges tougher regulation on social media and telco firms to curb cybercrime syndicates.

Ransomware, a $10.5tn cybercrime industry by 2025, uses a professional economic model driving global attacks, with governments moving to curb payments.

Russia, the US and Brazil top the Executive Crypto Threat Index as the riskiest countries for wealthy cryptocurrency holders in 2025, while Japan and Singapore are safest.