Tagged: fraud

February 18, 2026 @ 1:06 pm By Omar Faridi  |  

Traditional Know Your Customer (KYC) and Know Your Business (KYB) processes are no longer sufficient. Juniper Research’s recent whitepaper  explores how identity verification is advancing beyond initial customer and merchant onboarding to encompass continuous, agent-level governance. Authored by Research Analyst Shane O’Sullivan, the report analyzes… Read More

February 13, 2026 @ 11:22 am By Omar Faridi  |  

A federal court in Brooklyn has imposed a substantial penalty on the ex-leader of a prominent crypto firm. Braden John Karony, previously at the helm of SafeMoon US LLC, received a 100-month incarceration period for his role in a deceptive operation that misled numerous backers…. Read More

February 5, 2026 @ 8:38 am By Omar Faridi  |  

Equifax (NYSE: EFX) has unveiled a new predictive tool aimed at shielding lenders from the escalating threats of first-party fraud. Announced on January 30, 2026, the Credit Abuse Risk model leverages data compliant with the Fair Credit Reporting Act (FCRA) to identify suspicious behaviors that… Read More

February 5, 2026 @ 8:07 am By Tony Zerucha  |  

ACAMS, a service provider to the AML, fraud and sanctions communities, published its annual Global Anti-Financial Crime Threats Report identifying the top financial crime threats for the coming year. The report is based on a survey of 1,400 global AFC professionals across more than 200… Read More

February 4, 2026 @ 7:28 pm By Omar Faridi  |  

In yet another blow to the prestige of Forbes’ annual list of promising young talents, a 26-year-old fintech innovator has been charged with orchestrating a sophisticated fraud that bilked investors out of millions. Gokce Guven, the CEO of Klader Inc., faces federal indictment for allegedly… Read More

February 4, 2026 @ 2:25 am By Omar Faridi  |  

In the fast-paced industry of car sales, fraud has emerged as a pressing issue for the majority of dealers, according to a recent study by Experian Automotive. Released during the National Automobile Dealers Association Show in Las Vegas, the research report highlights how deceptive practices… Read More

February 3, 2026 @ 9:13 pm By Tony Zerucha  |  

AU10TIX, a provider of identity verification and fraud detection, this week announced the success of Microsoft’s internal partner validation solution, OneVet, which uses Microsoft Azure, Verifiable Credentials (VCs), and AU10TIX’s advanced identity intelligence. The collaboration has enabled fast, accurate, and automated validation of partner accounts,… Read More

January 30, 2026 @ 3:50 am By Omar Faridi  |  

UK Finance has pointed out that industry professionals are calling for a fundamental rethink of how to combat scams. UK Finance also indicated that with fraud losses climbing to staggering levels—over £629 million in the first half of 2025 alone, marking a 17% increase in… Read More

January 28, 2026 @ 6:14 am By Omar Faridi  |  

In a move to enhance accuracy and security in consumer lending, Equifax (NYSE: EFX) has rolled out products aimed at streamlining credit decisions and combating sophisticated fraud. These advancements come at a time when financial institutions face increasing pressure to balance rapid approvals with robust… Read More

January 27, 2026 @ 10:23 am By Tony Zerucha  |  

As AI-powered fraud improves, Kidas is one company businesses and consumers from a constantly evolving threat. Kidas CEO Ron Kerbs said traditional approaches won’t stop criminals who use methods that evade standard filters. Kidas’ origins are in gaming. During the COVID-19 pandemic, people increasingly turned… Read More

January 26, 2026 @ 7:41 am By Tony Zerucha  |  

Digital identity platform GeoComply has partnered with sports betting operator Dabble to introduce precise device and location intelligence into its KYC process. The move enabled Dabble to achieve KYC pass rates above 90% while gaining improved visibility into identity theft and fraud threats. In partnership… Read More

January 25, 2026 @ 4:23 pm By Tony Zerucha  |  

According to the latest research, scammers seem to be getting more creative, and this trend appears to be changing as QR codes gain more popularity now among scammers. Recent research from cybersecurity company NordVPN reveals that more than 26 million people could have unknowingly been… Read More

January 24, 2026 @ 2:40 pm By Omar Faridi  |  

Juniper Research‘s latest report, extensively covering fraud tactics and security tech developments, released this month, offers a pragmatic assessment for industry leaders. Authored by Analyst Thomas Wilson, the study cuts through the noise by evaluating 15 key technologies using a proprietary framework that distinguishes high-performing… Read More

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 19, 2026 @ 7:46 am By Omar Faridi  |  

Feedzai, a provider of AI-powered risk operations for fraud prevention, has joined forces with Matrix USA, a provider of advisory and tech services in the finance sector. Announced recently, from Lisbon, Portugal, this global collaboration aims to equip banks and other financial entities with cutting-edge… 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