Financial crime stories - Page 2

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

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

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

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.

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

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

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

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

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.

New Zealand cyber losses hit NZD $12.4 million in Q3 2025, more than doubling as business email scams and high-value transfers surge.

UK homebuyers fear AI-fuelled ID fraud as two-thirds worry about fake documents yet still share sensitive data via email and messaging apps.

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

Amid an AI-fuelled fraud surge and tightening biometrics rules, Southeast Asia’s banks must choose verification partners with strategic care.

Australia’s banks face rising AI-driven scams, making robust human identity verification and phishing-resistant MFA critical to security.

With crime costing Australia up to AUD $60.1 billion a year, robust PEP and sanctions screening is now a strategic necessity for business.

Atturra teams with Comtrac to roll out AI-powered investigation tools for Australian law enforcement and regulators via a single service channel.

UK unveils GBP £15 million anti-corruption drive, but experts warn sidelined fraud strategy leaves main source of dirty money unchecked.