Financial crime stories - Page 4

BioCatch warns AI shopping agents will turbocharge online fraud, urging banks and retailers to distinguish helpful bots from criminal misuse.

Hayo upgrades its National Mobile Registry with real-time tools to detect SIM swap fraud, stolen phones and illegal devices on networks.

AI-powered social engineering and Windows 11 upgrades are reshaping ATM crime, shifting attacks from skimming to manipulative fraud.

SAS predicts agentic AI will run core banking by 2026, reshaping trust, fraud defences, climate risk and quantum-powered decision making.

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

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

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

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

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

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

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

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

MITRE warns that cheap face-swap deepfakes can defeat banks' remote KYC checks, bypassing liveness tools to open fraudulent accounts.

Autonomous 'agentic' AI fraud tools set to intensify cybercrime by 2026, forcing firms to fuse human judgment with smarter machine defences.

Despite billions invested in AI, financial firms see slow adoption as solutions must prioritise trust, transparency, and augment human judgement over automation.

US banks boost AI spending to combat rising check fraud, linked to USD $12.5 billion loss, ahead of the holiday season peak in fraudulent activities.

SEON launches enhanced AML platform tools to help businesses manage complex cross-border compliance with flexible screening and investigative analytics.

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

ThetaRay's AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

Most anti-fraud experts report a surge in AI-driven fraud, yet under 10% feel prepared to combat rising deepfake and synthetic identity threats.