According to TechCrunch, scammers are using Zelle to take advantage of customers; a seller of a product who is attempting to defraud customers will ask a customer to pay using Zelle instead of PayPal; many users are not aware that Zelle does not provide some of the same buyer protections that PayPal has been known for; Zelle is more similar to Venmo for transferring money to those you trust. Source
We'll examine stories of teams who successfully defend their organizations from preventable fraud and credit losses, and much more.
The scale of the fraud is breathtaking. Around 900,000 individual investors have collectively been bilked out of US$7.6 billion, according...
The UK’s Financial Conduct Authority found that the number of crypto and forex fraud claims tripled in the last year...
Traditionally a time-consuming process, Ocrolus has released an automated fraud detection software to aid lenders.
Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
The Financial Times put together a detailed timeline of Wirecard’s history as they rose to be considered one of the...
Synthetic identity fraud has been on the rise for many years. As fraudsters become ever more sophisticated it is becoming...
Cybercrime is a growing problem with ID theft hitting a record high in 2016 affecting 15.4 million people; Credit card fraud resulted in $21.84 billion in losses across the world; synthetic identities are a top risk for the banking industry and banks need next-generation KYC tools to protect themselves. Source
This week Isabelle sat down with ComplyAdvantage's Andrew Davies, to talk about money laundering levels and why KYB could hold the key to reduction.