560 Results from /crime
Rolands Selakovs Founder at avoided.io
Fraud and Chargeback Trends to Watch in 2025 As we navigate through 2025, the landscape of fraud and chargebacks continues to evolve, presenting new challenges for businesses and consumers alike. Staying informed about these emerging trends is crucial for implementing effective prevention and mitigation strategies. 1. Surge in AI-Driven Fraud The ...
14 February 2025 /payments /crime Transaction Fraud Systems and Analysis
Shailendra Prajapati Associate AI Engineer at Compunnel Inc.
Addressing Fraud in a Connected World The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly outpaced by sophisticated cybercriminal tactics. Today, the integration of Internet of Things (IoT) devices with adv...
11 February 2025 /ai /crime Artificial Intelligence
In an increasingly digital financial landscape, fraud is evolving in both scale and complexity. Financial institutions from global banks to nimble fin-techs face constant threats ranging from payment fraud to money laundering. Fortunately, artificial intelligence (AI) is emerging as the keystone technology that detects and prevents fraudulent acti...
08 February 2025 /ai /crime Artificial Intelligence
Ben O'Brien Managing Director at Jaywing
Payment Service Providers (PSPs) are facing an uphill battle against financial crime. As transaction speeds increase and new payment methods emerge, criminals are exploiting weak spots in AML controls—often faster than traditional defences can respond. In 2023 alone, UK customers lost nearly £1.2 billion to financial crime, with £580 million lost t...
07 February 2025 /crime
Taljeet Rai Senior Regulatory Developer at StoneX Group Inc
Compliance, business groups such as analysts and technology teams, as well as regulators often work in silos, leading to inefficiencies, delays and increased costs. A more collaborative approach could streamline processes and reduce risk, but adoption is always going to be a challenge. I have been exploring how these stakeholders interact, and it ...
06 February 2025 /regulation /crime Financial Services Regulation
Helena Wood Director of Public Policy and Strategic Engagement at Cifas
If politicians and policymakers were feeling jubilant this time last year following indications of a 10% drop in the levels of fraud in the UK, the plateauing of fraud statistics and the early indications of increased fraud levels, may be cause for a more muted start to 2025. As Cifas' six-month data released last year showed, while fraud losses i...
05 February 2025 /crime /predictions
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Payment fraud (i.e. the unauthorized or deceptive use of stolen payment information to obtain money, goods, or services) remains a major challenge for financial institutions. With new regulations requiring banks to compensate fraud victims, fraud prevention has become a top priority. However, fraud techniques are evolving rapidly, often outpacing
27 January 2025 /regulation /crime Exposing Financial Crime
Tristan Prince Product Director, Fraud & Financial Crime at Experian
Technology is now astoundingly intelligent and accessible. It poses a significant challenge for fraud prevention in financial services, as there have never been so many ways for criminals to scam customers and bypass stringent security systems. In the 2024 Experian Fraud Report, 57% of businesses reported that fraud losses have increased in recent...
24 January 2025 /identity /crime
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Financial Conduct Authority (FCA) has published its updated review of money laundering through markets (MLTM), building on prior work such as the 2019 thematic review (TR19/4). This latest analysis outlines progress, persistent gaps, and new challenges in combating financial crime in capital markets. It also provides practical recommendation...
23 January 2025 /regulation /crime Fintech
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
More than 90% of 2024 breaches were financially motivated. No surprise that the banking and financial services industry and insurance (BFSI) is a top target for cybercriminals. Let’s explore five major attacks that rocked the industry in 2024, exploring methods used by threat actors, the resulting impact on affected organizations, and key sec
21 January 2025 /security /crime Information Security
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