Tagged: fraud

January 20, 2026 @ 10:50 am By JD Alois  |  

The City of London Police reports that cyber crime and fraud are now the most common crimes in the United Kingdom. Digital fraudsters are benefiting from the advent of digital finance. It has been estimated that in the first half of 2025, UK cyber crime and… Read More

January 18, 2026 @ 2:34 pm By Omar Faridi  |  

Fraudsters are harnessing various digital technologies to launch increasingly sophisticated attacks. Experian‘s latest Future of Fraud Forecast, released this month, highlights five major trends poised to challenge businesses and consumers throughout the year. The report underscores how advancements like artificial intelligence are being weaponized, enabling… Read More

January 14, 2026 @ 8:09 am By Omar Faridi  |  

Cryptocurrency scams reached alarming heights in 2025, with experts projecting that fraudsters siphoned off approximately $17 billion from victims worldwide. This figure represents a sharp increase from the recalculated $12 billion lost the previous year, highlighting a troubling 24% annual growth trend in scam estimates…. Read More

January 14, 2026 @ 12:14 am By Omar Faridi  |  

In early 2026, the Bank of Ireland has demonstrated its commitment to modernization and customer support through a series of key initiatives. These efforts span upgrading essential banking infrastructure, bolstering fraud defenses during high-demand periods, and advancing environmental goals via innovative financing. As Ireland‘s financial… Read More

January 13, 2026 @ 10:01 pm By Omar Faridi  |  

In the increasingly fast-paced world of online retail, refund policies are becoming somewhat of a double-edged sword in some rather concerning cases—essential for building customer trust but vulnerable to exploitation by fraudsters. A recent study by Riskified, a key player in digital commerce risk management,… Read More

January 9, 2026 @ 4:26 pm By Omar Faridi  |  

In an era where digital threats evolve continuously, cybersecurity focused firm Kaspersky has released compelling research highlighting vulnerabilities across consumer, corporate, and telecom sectors. As we enter 2026, these insights underscore the need for robust defenses amid rising phishing attempts, sophisticated attacks, and emerging technologies…. Read More

January 9, 2026 @ 3:40 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has received £265,523.96 in a confiscation order against Andrew Currie, the operator of peer-to-peer lending platform Collateral LTd.  Currie was convicted of fraud in 2023 and sentenced to 2 years and 6 months’ imprisonment for fleecing investors in the… Read More

January 8, 2026 @ 8:35 am By Omar Faridi  |  

In the evolving landscape of cyber threats, a sophisticated Android-based malware known as Ghost Tap is now said to be behind a notable increase in fraudulent contactless payments. This malicious software allows cybercriminals to execute tap-to-pay transactions remotely, bypassing the need for direct access to… Read More

January 2, 2026 @ 8:30 am By Tony Zerucha  |  

Former FBI Special Agent Stephanie Talamantez has more than a decade’s worth of experience leading cryptocurrency fraud investigations and recovering stolen digital assets. Now the senior managing director at Guidepost Solutions, she said as more institutions and individuals invest in digital assets, they need a… Read More

January 2, 2026 @ 12:21 am By Omar Faridi  |  

In an era where financial tools are becoming increasingly integral to daily life, industry professionals are urging the banking sector to reassess its digital infrastructure to curb economic abuse. A recent study from Northumbria University emphasizes how outdated or poorly designed banking systems can inadvertently… Read More

December 30, 2025 @ 12:00 pm By Omar Faridi  |  

An Ethereum (ETH) address reportedly connected to the perpetrators of the 2021 Indexed Finance exploit and the 2023 KyberSwap attack has sprung back to life after roughly a year of inactivity, reportedly dumping millions in cryptocurrency holdings. On-chain monitoring firm Lookonchain has now reported that… Read More

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