Financial crime stories
UK fintech hiring to surge 32% in 2025 amid compliance demand
4 days ago
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risk & compliance
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cybersecurity
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investment
UK fintech hiring is set to surge 32% in 2025, driven by rising demand for compliance, cybersecurity, and engineering roles amid regulatory shifts.
Ecommpay shortlisted for three categories at PayTech Awards 2025
Last week
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fintech
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payment technologies
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mastercard
Ecommpay has been shortlisted for three awards at the PayTech Awards 2025, recognising innovation in payments, anti-fraud, and diversity leadership.
BioCatch & The Knoble launch toolkit to bolster scam defences
Last month
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risk & compliance
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genai
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ai
BioCatch and The Knoble have launched a toolkit to help banks quantify losses and build a business case for stronger authorised push payment scam prevention.
BioCatch appoints Andreas Dombret to aid global expansion
Last month
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hyperscale
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fintech
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data privacy
BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.
Crypto job scams in Australia cost victims USD $9.3 billion
Last month
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online safety
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online fraud
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cybercrime
An Infoblox investigation exposes how recruitment scams on Telegram target Australians with fake jobs, demanding crypto payments to continue employment.
UK banks see spike in mobile fraud as scams shift from calls
Last month
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email security
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ai
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cybersecurity
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.
Revolut report highlights surge in Telegram, WhatsApp scams
Thu, 3rd Apr 2025
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email security
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cybersecurity
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whatsapp
Revolut's latest report reveals Meta platforms are the primary source of scams affecting consumers, with reported cases rising significantly in Australia and globally.
Bybit: when hackers target people, not systems
Mon, 24th Mar 2025
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mfa
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blockchain
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cybersecurity
Bybit suffered a major hack, exposing vulnerabilities from human error rather than blockchain flaws, as attackers manipulated staff to divert funds.
Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth
Fri, 14th Mar 2025
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uc
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cx
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martech
Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.
UK sees 63% rise in savings accounts used for fraud
Fri, 7th Mar 2025
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credit card fraud
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money laundering
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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.
Omri Kletter joins Outpost24 as chief product officer
Fri, 28th Feb 2025
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risk & compliance
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ai
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cybersecurity
Outpost24 has appointed Omri Kletter as Chief Product Officer, aiming to enhance its cyber risk management solutions and support growth heading into 2025.
Survey reveals slow adoption of AI in anti-money laundering
Wed, 26th Feb 2025
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risk & compliance
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genai
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ai
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.
Romance scams reach six-year high, Moody's reports
Thu, 13th Feb 2025
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social media
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online fraud
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money laundering
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.
Key Cyber Security Trends to Watch in 2025
Thu, 30th Jan 2025
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advanced persistent threat protection
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email security
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risk & compliance
As the cybersecurity landscape evolves, organisations must adapt to emerging trends in 2025, prioritising cloud solutions, AI risks, and skills shortages.
AI revolutionising financial crime detection by 2025
Mon, 27th Jan 2025
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quantum computing
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ai
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outsourcing
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
UK unveils £14 billion AI plan with tech sector backing
Wed, 22nd Jan 2025
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cx
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martech
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risk & compliance
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.
Bureau raises USD $30m Series B amid soaring fraud costs
Thu, 19th Dec 2024
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gaming
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fintech
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cx
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.
Banks cut onboarding time by 32% with digital identity
Wed, 4th Dec 2024
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cleantech
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sustainability
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data management
A new report reveals banks using Corporate Digital Identity reduce onboarding time by 32%, enhancing compliance accuracy and operational efficiency.
Corporate Digital Identity: a tool to combat financial crime
Fri, 29th Nov 2024
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money laundering
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fraud
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financial institutions
Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.
North Korean operatives exposed in global tech job scam
Fri, 22nd Nov 2024
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malware
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blockchain
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cybersecurity
SentinelLabs reveals North Korean operatives are masquerading as foreign IT professionals to infiltrate global tech markets and bypass sanctions.