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Digital identity urged as cyber fraud rocks Australian real estate
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physical security
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Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.
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UK banks face rising fraud losses as organised crime outpaces them
Last week
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UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.
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SEON expands APAC team as demand for fraud tech solutions rises
Last month
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SEON expands its Asia-Pacific team in response to growing demand for advanced fraud prevention and anti-money laundering solutions across the region.
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UK banks see spike in mobile fraud as scams shift from calls
Last month
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email security
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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.
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Mandiant report finds rise in financially motivated cyber attacks
Thu, 24th Apr 2025
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cloud security
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Mandiant's 2024 report reveals a rise in financially motivated cyber attacks, with 55% of threat groups seeking profit, while detection remains a major challenge globally.
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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.
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LockBit takedown reshapes ransomware threat landscape
Wed, 19th Feb 2025
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firewalls
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ransomware
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network security
Secureworks' Counter Threat Unit reveals a marked shift in the ransomware landscape, with LockBit's influence waning amidst coordinated law enforcement efforts.
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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.
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AI poised to transform banking with fraud prevention focus
Wed, 8th Jan 2025
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Experts predict that 2025 will revolutionise AI in banking, enhancing fraud prevention, risk management, and customer experience, according to SAS.
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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.
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Experts urge vigilance against growing digital fraud risks
Thu, 14th Nov 2024
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firewalls
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physical security
Experts warn that rising digitalisation fuels fraud, with AI aiding cybercriminals, prompting calls for robust security and real-time threat response.
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Ripjar appoints new CEO amid significant investment boost
Tue, 5th Nov 2024
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risk & compliance
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ai
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government
Ripjar has secured a majority growth investment from Long Ridge Equity Partners, appointing Tom Obermaier as its new CEO to enhance global operations.
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Busting money laundering in Australia is dependent on making better data connections
Thu, 24th Oct 2024
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genai
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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.
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PAYSTRAX partners with Featurespace to boost fraud detection
Wed, 7th Aug 2024
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cloud services
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money laundering
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security
PAYSTRAX partners with Featurespace to enhance fraud detection in the UK and Europe, aiming to address significant global fraud losses projected at USD $343 billion by 2027.
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BioCatch report underscores evolving fraud landscape in APAC
Wed, 26th Jun 2024
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endpoint protection
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fintech
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email security
BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.
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Group-IB helps bust Southeast Asian cyber fraud syndicate
Tue, 18th Jun 2024
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cybersecurity
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money laundering
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fraud
Group-IB aided a tri-nation police operation that dismantled a cyber fraud syndicate, linking it to over 1,899 cases in Singapore and losses exceeding USD $25 million.
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Finance professionals lead in AI adoption, report reveals
Fri, 7th Jun 2024
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fintech
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blockchain
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physical security
Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.
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NFT Workx launches .WRKX domain to combat counterfeits online
Wed, 29th May 2024
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NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.
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First AML launches AI Assist to expedite compliance tasks
Wed, 15th May 2024
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risk & compliance
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ai
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money laundering
First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.
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Report reveals 76% of banks face sophisticated fraud threats
Fri, 10th May 2024
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scams
Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.