Fraud Prevention

This Week in AI: Enterprise Intelligence, Healthcare Efficiencies, Deepfake Threats
This Week in AI: Enterprise Intelligence, Healthcare Efficiencies, Deepfake Threats
February 16, 2024  |  Artificial Intelligence

Artificial intelligence (AI) is becoming the standard-bearer for innovations that progress in leaps and bounds. Putting an exclamation point on the technology’s value to nearly...

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Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
Hawk AI Appoints Napier Veteran Robin Lee APAC General Manager
February 16, 2024  |  Personnel

Hawk AI, a provider of artificial intelligence (AI)-powered technology for fraud and anti-money laundering (AML) surveillance, has appointed Robin Lee as general manager for the Asia-Pacific (APAC)...

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FTC Issues Proposal to Ban Impersonations as Fraud Rises
FTC Issues Proposal to Ban Impersonations as Fraud Rises
February 15, 2024  |  Fraud Prevention

The Federal Trade Commission (FTC) is proposing a new set of rules that would prohibit the impersonation of individuals. Citing growing complaints around impersonation fraud, the FTC...

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Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
February 15, 2024  |  Fraud Prevention

Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023....

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Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024  |  Fraud Prevention

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners...

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Entrust Enters Exclusive Discussions to Acquire Onfido
Entrust Enters Exclusive Discussions to Acquire Onfido
February 06, 2024  |  Acquisitions

Entrust has entered into exclusive discussions to acquire Onfido. This potential acquisition would add Onfido’s cloud-based, artificial intelligence (AI)-powered identity verification (IDV) technology to Entrust’s existing portfolio...

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PortX, Hummingbird Partner to Fight Financial Crime
PortX, Hummingbird Partner to Fight Financial Crime
February 06, 2024  |  Partnerships

PortX, an integration technology company for financial institutions (FIs), has teamed with compliance platform Hummingbird. The collaboration is designed to make it easier for FIs to use...

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Cybera and Chainalysis Partner to Help Organizations Prevent Financial Cybercrime
Cybera and Chainalysis Partner to Help Organizations Prevent Financial Cybercrime
February 05, 2024  |  Security & Fraud

Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance...

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Banks and CFOs Need Data-Sharing Plans to Fight Fraud
Banks and CFOs Need Data-Sharing Plans to Fight Fraud
February 02, 2024  |  Fraud Prevention

The fraudsters are wily, determined, acting in packs and probing for weaknesses. The best defense might be a collaborative approach — one where CFOs and...

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