TechDay Asia - Asia's technology news network
Asia
Search

Financial crime stories

Story image
Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth
3 days ago
#
uc
#
cx
#
martech
Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.
Story image
UK sees 63% rise in savings accounts used for fraud
Last week
#
credit card fraud
#
money laundering
#
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.
Story image
Omri Kletter joins Outpost24 as chief product officer
Last month
#
risk & compliance
#
ai
#
cybersecurity
Outpost24 has appointed Omri Kletter as Chief Product Officer, aiming to enhance its cyber risk management solutions and support growth heading into 2025.
Story image
Survey reveals slow adoption of AI in anti-money laundering
Last month
#
risk & compliance
#
genai
#
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.
Story image
Romance scams reach six-year high, Moody's reports
Last month
#
social media
#
online fraud
#
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.
Story image
Key Cyber Security Trends to Watch in 2025
Thu, 30th Jan 2025
#
advanced persistent threat protection
#
email security
#
risk & compliance
As the cybersecurity landscape evolves, organisations must adapt to emerging trends in 2025, prioritising cloud solutions, AI risks, and skills shortages.
Story image
AI revolutionising financial crime detection by 2025
Mon, 27th Jan 2025
#
quantum computing
#
ai
#
outsourcing
The future of financial crime prevention is being reshaped by AI and quantum computing, presenting both opportunities and risks, says Efficient Frontiers International.
Story image
UK unveils £14 billion AI plan with tech sector backing
Wed, 22nd Jan 2025
#
cx
#
martech
#
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.
Story image
Bureau raises USD $30m Series B amid soaring fraud costs
Thu, 19th Dec 2024
#
gaming
#
fintech
#
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.
Story image
Banks cut onboarding time by 32% with digital identity
Wed, 4th Dec 2024
#
cleantech
#
sustainability
#
data management
A new report reveals banks using Corporate Digital Identity reduce onboarding time by 32%, enhancing compliance accuracy and operational efficiency.
Story image
Corporate Digital Identity: a tool to combat financial crime
Fri, 29th Nov 2024
#
money laundering
#
fraud
#
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.
Story image
North Korean operatives exposed in global tech job scam
Fri, 22nd Nov 2024
#
malware
#
cryptocurrency
#
blockchain
SentinelLabs reveals North Korean operatives are masquerading as foreign IT professionals to infiltrate global tech markets and bypass sanctions.
Story image
Outsourcing AML: Five key factors for financial firms
Thu, 21st Nov 2024
#
outsourcing
#
financial institutions
#
aml
EFI advises financial institutions on five key considerations for outsourcing AML operations amid rising regulatory pressures and operational costs.
Story image
SAS campaigns for anti-fraud AI during awareness week
Thu, 21st Nov 2024
#
data analytics
#
digital transformation
#
cx
SAS teams up with the Association of Certified Fraud Examiners to advocate for anti-fraud AI during International Fraud Awareness Week amid rising fraud tactics.
Story image
AI-driven fraud & deepfakes pose escalating global threat
Wed, 20th Nov 2024
#
cryptocurrency
#
blockchain
#
phishing
The Entrust Cybersecurity Institute's 2025 report reveals AI-assisted fraud incidents surged, with deepfake attacks hitting every five minutes in 2024.
Story image
CommBank app updates enhance security against scams
Mon, 18th Nov 2024
#
cryptocurrency
#
fintech
#
blockchain
CommBank has unveiled new security features for its mobile app, including digital wallet reviews and scam warnings, to enhance customer protection against fraud.
Story image
Asian banks face rising crime threat due to low AI use
Tue, 29th Oct 2024
#
digital transformation
#
genai
#
ai
A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.
Story image
Busting money laundering in Australia is dependent on making better data connections
Thu, 24th Oct 2024
#
genai
#
ai
#
money laundering
The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.
Story image
Microsoft warns of AI-driven cyber threats & ransomware rise
Thu, 17th Oct 2024
#
ransomware
#
phishing
#
email security
Microsoft's Digital Defense Report highlights a rise in cyber threats, naming Australia as the sixth most targeted nation with a 2.75-fold increase in ransomware.
Story image
Dark web sees surge in pricey software exploit listings
Thu, 10th Oct 2024
#
advanced persistent threat protection
#
cybersecurity
#
kaspersky
Kaspersky has identified 547 dark web listings for software vulnerability exploits from January 2023 to September 2024, with average prices hitting $100,000.