Fintech News

JANUARY 17, 2024

What’s even more alarming is the stark increase in this fraud rate, which surged by 24 percent from 2022 to 2023. Meanwhile, in a separate incident in Singapore, the cybersecurity landscape saw a significant surge in phishing attempts targeting local entities in 2022.

Deepfake 107

Deepfake APACS Scams Authentication 107

Fintech News

JUNE 6, 2024

Recent phishing and fraudulent cases involving multiple banks in Singapore have highlighted the severity of this issue and the urgent need for banks to enhance their security measures. DBS isn’t the only bank making news for phishing scams. US$129,841).

Scams 90

Scams Phishing Deepfake Verification 90

Fintech News

JUNE 30, 2024

annually between 2022 and 2027, reaching US$26 billion. Finally, it highlights the rise of AI-powered cyberattacks, with deepfakes and email phishing attacks increasing substantially. In the fintech space alone, deepfake incidents rose by 700% in 2023 compared to the previous year.

AI 92

AI APACS Deepfake Economy 92

The Fintech Times

AUGUST 13, 2024

Em Conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. Latin America also saw a staggering 617 per cent increase in phishing attacks in 2023, with cyber criminals using AI to craft more realistic and targeted phishing emails.

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

Seon

JUNE 1, 2023

According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m. Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments. appeared first on SEON.

Checks 52

Checks Security Fincen Payer 52