Financial crime stories
Half of fraud chiefs say fast-changing, AI-powered scams are outpacing their defences, forcing a shift to real-time, adaptive protection.
INTERPOL's Africa cybercrime blitz nets 651 arrests, seizes 2,341 devices and recovers USD $4.3m after scams linked to USD $45m losses.
Internal auditors warn AI-driven fraud is surging, but most concede they lack the tools, skills and time needed to spot it effectively.
Veriff taps Data Zoo's global data network to bolster multi-layered ID checks and help digital firms fight fast-evolving AI identity fraud.
Deepfakes, new biometrics rules and AI agents are rewriting digital identity, forcing ANZ firms to treat KYC as core infrastructure.
Okta warns North Korean operatives are landing remote tech jobs with stolen and synthetic identities to fund the regime and enable cyber attacks.
Nium strengthens global payments push with new chiefs for risk, technology and marketing as AI, stablecoins and regulation reshape the sector.
FDATA names Sumsub policy lead Kat Cloud to its board, signalling a sharper focus on identity, fraud and security in North American open finance.
AI-powered fraud rings industrialise online romance scams, fuelling USD $5.7 billion in losses and ushering in a 'dark age' for victims.
Royal Bank of Canada creates AI Group reporting to CEO, targeting up to CAD $1 billion in AI-driven enterprise value by 2027.
Canada is boosting financial intelligence and policing ties to track money trails and crack down on organised-crime extortion schemes.
Ecommpay's fraud and compliance head Marija Solovjova wins Women in Risk & Compliance honour at 2026 FinTech Week Awards in Dubai.
Estate agents report fewer suspicious property deals as lawyers' alerts surge, widening the anti-money laundering gap between the sectors.
Legal Brokers launches iDWallet app in the UK, promising faster biometric ID checks as sectors face tougher anti-money laundering demands.
Young Australians lose over AUD $2.2 million as fake flexible job offers surge, with scammers recruiting money mules via texts and social media.
McAfee warns Australians AI-powered romance scams are surging ahead of Valentine's Day, with one in seven victims losing an average AUD $780.
AI-driven romance scams now cost UK victims GBP £20.5 million, spreading from dating sites to everyday apps and evading bank checks.
UK romance scam losses top GBP £106m as organised fraudsters exploit Valentine's surge, with average victims losing more than GBP £11,000.
Open source intelligence tools are helping investigators rapidly uncover tax and benefit fraud by exposing inconsistencies in online data.
Google Cloud and Entrust strike AI-based identity fraud pact as UK firms face rising injection attacks and losses of about GBP £1.8 billion.
