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Financial crime Stories - Page 18

UK Stories

Financial crime stories

UK set to ban ransomware payments in public sector crackdown
Virtualisation

UK set to ban ransomware payments in public sector crackdown

The UK plans to ban ransom payments in the public sector and mandate private firms to report such payments, aiming to curb rising ransomware attacks.

By Shannon Williams • 4 min read • Wed, 23rd Jul 2025
BioCatch launches Scams360 to cut £450 million UK scam losses
Biometrics

BioCatch launches Scams360 to cut £450 million UK scam losses

BioCatch has launched Scams360 to help UK banks cut social engineering scam losses, which reached £450 million in 2024, using advanced behavioural biometrics.

By Catherine Knowles • 4 min read • Fri, 18th Jul 2025
Spanish banks see fraud drop with behavioural tech, but scams rise
Artificial Intelligence

Spanish banks see fraud drop with behavioural tech, but scams rise

Spanish banks report a 23% drop in fraud attempts thanks to behavioural tech, yet social engineering scams now make up 58% of fraud cases in 2025.

By Shannon Williams • 3 min read • Thu, 3rd Jul 2025
Token Recovery appoints Scott Pounder to lead global operations
Crypto

Token Recovery appoints Scott Pounder to lead global operations

Scott Pounder, former London police detective and cybercrime expert, joins Token Recovery to lead global operations in digital asset recovery.

By Jed Nykolle Harme • 3 min read • Fri, 27th Jun 2025
UK banks face rising fraud losses as organised crime outpaces them
Risk & Compliance

UK banks face rising fraud losses as organised crime outpaces them

UK banks face rising fraud losses up to GBP £40 million as criminals outpace detection despite growing use of behaviour-based analytics and increased tech spending.

By Shannon Williams • 4 min read • Thu, 19th Jun 2025

Global Stories

Financial crime stories

Saviynt appoints Kevin Spurway as Chief Marketing Officer
Customer Experience

Saviynt appoints Kevin Spurway as Chief Marketing Officer

Saviynt appoints Kevin Spurway, with 20+ years in enterprise SaaS marketing, as Chief Marketing Officer to boost growth and market leadership.

By Jed Nykolle Harme • 3 min read • Thu, 21st Aug 2025
Deepfake & AI crime surge poses major threat to business trust
Physical Security

Deepfake & AI crime surge poses major threat to business trust

Trend Micro warns that rising deepfake and AI crimes threaten business trust, with fraudsters using synthetic media to impersonate executives and bypass security.

By Catherine Knowles • 3 min read • Thu, 10th Jul 2025
Celonis & Bright Cape launch app to streamline KYC compliance
Digital Transformation

Celonis & Bright Cape launch app to streamline KYC compliance

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

By Sean Mitchell • 3 min read • Thu, 10th Jul 2025
Siren adopts ISO GQL to boost graph search for investigators
Data Analytics

Siren adopts ISO GQL to boost graph search for investigators

Siren has adopted the ISO-standard GQL to enhance graph search, boosting efficiency and depth in investigations for law enforcement and intelligence agencies.

By Catherine Knowles • 3 min read • Thu, 26th Jun 2025
Experian & GBG expand partnership to boost fraud prevention
Data Analytics

Experian & GBG expand partnership to boost fraud prevention

Experian and GBG expand their partnership to offer advanced fraud prevention and identity verification across Australia and New Zealand for faster, safer onboarding.

By Melvin Hipolito • 3 min read • Mon, 16th Jun 2025
SEON expands real-time AML suite with AI-driven risk platform
Fintech

SEON expands real-time AML suite with AI-driven risk platform

SEON launches AI-powered real-time AML suite, unifying fraud and compliance tools to enhance risk detection and streamline regulatory reporting.

By Catherine Knowles • 4 min read • Fri, 13th Jun 2025

Stories from Other Regions

Financial crime stories

Australian businesses lose AUD $2.03 billion as AI scams surge
Data Protection

Australian businesses lose AUD $2.03 billion as AI scams surge

Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.

By Sean Mitchell • 5 min read • Thu, 21st Aug 2025
MetaComp study urges using three KYT tools for stablecoin checks
Crypto

MetaComp study urges using three KYT tools for stablecoin checks

MetaComp urges firms to use three KYT tools for stablecoin checks after study finds single-tool setups miss up to 25% of high-risk blockchain transactions.

By Shannon Williams • 4 min read • Wed, 23rd Jul 2025
New government 'alliance' formed to combat online scammers
Cybersecurity

New government 'alliance' formed to combat online scammers

New Zealand's government forms 'Anti-Scam Alliance' with banks, police and tech firms to tackle online scams through real-time data sharing.

By Craig McCulloch • 2 min read • Fri, 11th Jul 2025
Forum establishes rising AI security risks in Canadian finance
Fintech

Forum establishes rising AI security risks in Canadian finance

The results of the first of four Canadian government-run workshops were released in a report.

By Jake MacAndrew • 2 min read • Fri, 4th Jul 2025
Singapore firms take broad approach to complex global risks
Advanced Persistent Threat Protection

Singapore firms take broad approach to complex global risks

Singapore firms face a uniquely complex risk landscape, adopting broad, balanced strategies to tackle cyber, climate, and geopolitical threats, says AlixPartners survey.

By Shannon Williams • 4 min read • Thu, 3rd Jul 2025
Digital identity urged as cyber fraud rocks Australian real estate
Physical Security

Digital identity urged as cyber fraud rocks Australian real estate

Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.

By Melvin Hipolito • 5 min read • Fri, 27th Jun 2025