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Financial crime Stories - Page 14

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Financial crime stories

AI fraud surges as UK public sector lacks defences
Data Protection

AI fraud surges as UK public sector lacks defences

AI-powered fraud is rising across UK public services as most fraud teams admit they lack the tools, skills and systems to keep up.

By Kaleah Salmon • 4 min read • Mon, 12th Jan 2026
Mphasis names Punit Sood Independent Director for AI push
Data Analytics

Mphasis names Punit Sood Independent Director for AI push

Mphasis appoints tech and banking veteran Punit Sood as independent director to bolster its AI-led push into global finance clients.

By Sean Mitchell • 4 min read • Fri, 9th Jan 2026
Credit card fraud drives surge in repeat UK offenders
Fintech

Credit card fraud drives surge in repeat UK offenders

Credit card fraud now has the UK's highest repeat-offending rate, with 23% of perpetrators striking again as schemes grow more organised.

By Sean Mitchell • 4 min read • Fri, 9th Jan 2026
OSINT investigators battle data glut & scarcity with AI
Data Analytics

OSINT investigators battle data glut & scarcity with AI

OSINT investigators say data is now both their biggest barrier and opportunity, turning to AI to tame overload and plug critical gaps.

By Sean Mitchell • 4 min read • Wed, 7th Jan 2026
Group-IB unveils GDPR-safe real-time fraud intel hub
Gaming

Group-IB unveils GDPR-safe real-time fraud intel hub

Group-IB launches a GDPR-compliant platform for banks to share real-time fraud risk signals, tackling rising losses such as GBP £600 million in the UK.

By Joseph Gabriel Lagonsin • 5 min read • Mon, 5th Jan 2026
Eastnets deepens LSEG tie-up for real-time risk checks
Fintech

Eastnets deepens LSEG tie-up for real-time risk checks

Eastnets deepens its LSEG partnership, plugging real-time World-Check risk data into Safewatch Screening to sharpen financial crime checks.

By Kaleah Salmon • 3 min read • Fri, 2nd Jan 2026
EU banks bracing for AML rules & major vendor shift
Digital Transformation

EU banks bracing for AML rules & major vendor shift

EU banks face a 2026 crunch as new AML rules spark a shake-up in KYC vendors, testing compliance strategies amid rising fraud risks.

By Shannon Williams • 5 min read • Tue, 30th Dec 2025

Global Stories

Financial crime stories

Zama forecasts privacy-first, quantum-safe finance
Data Protection

Zama forecasts privacy-first, quantum-safe finance

Zama predicts privacy-first compliance tools and quantum-safe cryptography will become standard for regulated onchain finance by 2026.

By Joseph Gabriel Lagonsin • 4 min read • Mon, 12th Jan 2026
AI-driven 'Truman Show' trading scam hits app stores
Multi-factor authentication

AI-driven 'Truman Show' trading scam hits app stores

AI-powered 'Truman Show' scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims' digital identities.

By Kaleah Salmon • 5 min read • Mon, 12th Jan 2026
Fraud expert warns FCA Firm Checker will not stop scams
Fintech

Fraud expert warns FCA Firm Checker will not stop scams

A leading fraud expert says the FCA's new Firm Checker will boost transparency but leave sophisticated social engineering scams largely untouched.

By Joseph Gabriel Lagonsin • 4 min read • Thu, 8th Jan 2026
Dark web sells UK ID packs to bypass bank biometrics
Surveillance

Dark web sells UK ID packs to bypass bank biometrics

Dark web vendors sell UK ID packs for about USD $30, helping criminals bypass biometric checks at banks and fintechs, AMLTRIX warns.

By Sean Mitchell • 4 min read • Wed, 7th Jan 2026
AI to reshape bank payments as fraud pressure mounts
Digital Transformation

AI to reshape bank payments as fraud pressure mounts

Banks are set to embed AI deep into payment systems by 2026, slashing costs as fraud surges and pressure mounts on platforms and regulators.

By Sofiah Nichole Salivio • 6 min read • Wed, 7th Jan 2026
NICE Actimize named Asia Pacific fraud management leader
Fintech

NICE Actimize named Asia Pacific fraud management leader

Banks in Asia Pacific are under greater pressure to curb digital fraud, after Forrester gave NICE Actimize top marks in key assessment areas.

By Sean Mitchell • 4 min read • Wed, 7th Jan 2026
Challenges and solutions in cross-border identity verification
Data Protection

Challenges and solutions in cross-border identity verification

As cross-border payments soar towards USD $1 quadrillion, businesses race to tackle identity fraud with AI, biometrics and smarter data.

By Edmund Ng • 6 min read • Tue, 23rd Dec 2025
Kyckr named Chartis KYC data category leader again
Risk & Compliance

Kyckr named Chartis KYC data category leader again

Kyckr retains top spot as Chartis names it KYC data category leader for 2025, highlighting its strengths in real-time global registry data.

By Kaleah Salmon • 3 min read • Mon, 22nd Dec 2025

Stories from Other Regions

Financial crime stories

'Be very, very suspicious': Neighbourly breach makes users vulnerable - expert
Firewalls

'Be very, very suspicious': Neighbourly breach makes users vulnerable - expert

Neighbourly breach puts up to a million users at risk as stolen GPS data and messages hit dark web, experts urge extreme vigilance online.

By RNZ • 4 min read • Mon, 5th Jan 2026
Explainer: Australia's public sector AI opportunity
Data Protection

Explainer: Australia's public sector AI opportunity

Australia's vast public sector is turning to AI to boost efficiency, cut costs and improve services, while navigating strict ethical safeguards.

By Sean Mitchell • 10 min read • Tue, 23rd Dec 2025