Fraud Prevention

EMEA Daily: UAE Money Laundering Watchdog to Crack Down on Crypto Payments; Deutsche Bank Hires Traydstream for Document Checking
EMEA Daily: UAE Money Laundering Watchdog to Crack Down on Crypto Payments; Deutsche Bank Hires...
August 08, 2022  |  emea

Today in Europe the Middle East and Africa (EMEA), the United Arab Emirates (UAE) is cracking down on money laundering by requiring estate agents to...

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Data Point: 68% of Consumers Want to Keep Passwords Off Their Apps
Data Point: 68% of Consumers Want to Keep Passwords Off Their Apps
August 04, 2022  |  Security & Fraud

Time to leave the passwords behind. Consumers are leaning that way — and would be happy to abandon that age-old, friction-filled relic that traces its...

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Binance’s Rebooted Compliance Team Looks to Burnish Bruised AML Reputation
Binance’s Rebooted Compliance Team Looks to Burnish Bruised AML Reputation
August 04, 2022  |  Cryptocurrency

Last year was rough on the world’s largest crypto exchange, Binance, as it was buffeted by a string of regulatory battles that forced it to...

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PYMNTS Intelligence: Understanding Social Engineering Scams
PYMNTS Intelligence: Understanding Social Engineering Scams
August 04, 2022  |  Fraud Prevention

The typical image of digital fraud is that of criminals forcing their way into systems and secretly stealing money or data without victims’ knowledge. Some fraud...

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Valley Bank on Preventing Social Engineering Scams
Valley Bank on Preventing Social Engineering Scams
August 03, 2022  |  Fraud Prevention

At a time when more consumers are being tricked into giving fraudsters access to their money and accounts, Valley Bank’s Milliesia Armogan explains why customer...

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What Banks Are Doing to Protect Consumers From Financial Scams
What Banks Are Doing to Protect Consumers From Financial Scams
August 02, 2022  |  Fraud Prevention

Social engineering scams occur when fraudsters trick their victims into trusting them enough to send either money or personal information. When the victim sends money,...

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How Synapse Ensures A Smooth And Secure Authentication Experience Via Behavioral Analytics
How Synapse Ensures A Smooth And Secure Authentication Experience Via Behavioral Analytics
August 01, 2022  |  Authentication

User authentication is a critical tool for any organization that deals in personal or financial information, as identity theft runs rampant in the modern business...

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Behavioral Analytics Helps FinTechs Separate the Fraudsters From the Friendlies
Behavioral Analytics Helps FinTechs Separate the Fraudsters From the Friendlies
July 29, 2022  |  Authentication

Digital fraud continues to plague businesses of all sizes, and consumers are paying the price. A recent survey found that the average American has experienced at...

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DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
DOJ Recovers $500K in Healthcare Ransom Demanded by North Korean Hackers 
July 21, 2022  |  Security & Fraud

Roughly a half-million dollars was seized on behalf of healthcare providers that reportedly paid ransom to North Korean hackers, the U.S Department of Justice said. ...

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