The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in...
Five states have settled their actions against organizations collectively known as GSB Group and their chairman of the board Josip Heit. This move followed an...
2024 was the year cybersecurity evolved from an IT function to an organization-wide risk issue. But while external cyberattacks dominate headlines, insider fraud — the...
The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms...
Mail theft-related check fraud amounted to more than $688 million in a recent six-month period. So said the Financial Crimes Enforcement Network (FinCEN) in a...
Sweden’s Financial Supervisory Authority (FSA) reportedly criticized Klarna’s risk assessment, saying the company has not done enough to battle money laundering and terrorist financing. The...
J.P. Morgan Chase reportedly plans to share with police the information it has about people who took advantage of a so-called “glitch” that was promoted...
Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. The machine learning...
The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes...