Fintech News

FEBRUARY 15, 2024

These data, released preliminarily in anticipation of the upcoming Chainalysis 2024 Crypto Crime Report, reveal that 2023 was a year of recovery for the cryptocurrency industry as the sector rebounded from the scandals, business collapses and price declines that took place in 2022. The crypto is up 9% from the start of 2024.

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Ransomware Crime Transactions Romance Scams 112

The Fintech Times

MAY 22, 2024

Ben Donaldson, managing director of economic crime at UK Finance Commenting on the report, Ben Donaldson , managing director of economic crime at UK Finance, said: “ Nearly £1.2billion was stolen from customers in 2023 and the criminals who commit these crimes destroy lives and damage our society.

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Scams Finance Push-to-Card Romance Scams 59

Neopay

MAY 28, 2024

Ben Donaldson, Managing Director of Economic Crime at UK Finance, said: “ Nearly £1.2 billion was stolen from customers in 2023 and the criminals who commit these crimes destroy lives and damage our society. There was a seven per cent increase in the amount of unauthorised fraud prevented, to £1.25

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Scams Push-to-Card Romance Scams Crime 52

FICO

NOVEMBER 15, 2021

Despite numerous studies and newspaper headlines informing us about the scams that fraudsters perpetrate, most of us don’t think we can easily be tricked into handing over money to criminals. We asked them about the kind of financial crime that was worrying to them. FICO recently carried out a survey of 12,000 people in 12 countries.

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Scams Romance Scams Crime Fraud Prevention 105

PYMNTS

AUGUST 26, 2019

history and said in a statement that “fraud networks now target individuals and businesses alike … In the BEC scams, the fraudsters will often hack a company’s email system, impersonate company personnel, and direct payments to bank accounts that funnel money back to the fraudsters in Nigeria.” billion stolen by victims.

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FICO

JUNE 14, 2022

Innovative Customer Communications for Fraud. Detecting possible fraud is important, but what you do with that suspicion may matter even more. Taking the most strident fraud prevention actions might seem the intuitive answer but suspicion is often unfounded, and most customers are not fraudsters.

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Bots Scams Financial Crimes Romance Scams 52