Fraud prevention stories

Graph databases are revolutionising finance, helping firms detect fraud, enhance compliance, and harness AI by mapping complex data relationships in real time.

New UK rules require company directors to verify identity, but with under 15% compliance, experts warn fraud risks and operational strains on banks loom large.

ECCTA's mandatory ID verification poses major compliance and liability risks for UK law firms, with millions facing deadlines to avoid fines and penalties.

Retailers risk losses up to USD $500,000 from AI-driven fraud this Black Friday as bot attacks exploit security gaps in account creation and login processes.

Companies House’s 12-month rollout of director ID checks risks burdening banks with costly double-checks amid potential gaps in company verification.

AI-driven deepfakes are fuelling a global surge in fraud, with 77% of anti-fraud experts reporting increased incidents and 83% expecting further rises soon.

Riskified urges shoppers and merchants to stay vigilant against rising AI-driven eCommerce fraud as holiday online sales may hit USD $311 billion in 2025.

AI-powered social engineering attacks now blend email, text, and deepfake calls, costing enterprises millions and challenging traditional trust models.

Nottingham's Altia marks 20 years of its Financial Investigation Toolkit, now used by all UK police forces and 290+ organisations worldwide.

APP fraud, rising to 42% of UK losses in 2025, causes £2,300 lost per minute, urging banks and tech firms to boost joint防efforts.

European tech startup SEON shares key strategies and lessons from its journey expanding into the complex and competitive US market to help others succeed.

TextNow partners with Enea to deploy Adaptive Messaging Firewall, tackling rising SMS fraud and enhancing user protection amid growing scam threats.

UK fintech founders embrace AI, with 83% adopting it, despite 81% losing confidence in the economy and nearly half considering relocating abroad due to tax concerns.

London payments firm xpate partners with SEON to offer merchants real-time AI tools combating rising fraud without delaying transactions globally.

Fraud risks rise as firms overlook obsolete tech; underinvestment in end-of-life IT assets could cost USD $27.1m per breach, warns Iron Mountain's Asia Pacific GM.

Kiwis face a surge in SMS scams this holiday season, with fraudsters targeting bank details through fake delivery alerts and urgent messages.

AI-driven deepfake scams using Aussie celebrities like Rebel Wilson cost victims an average of AUD $950, warns McAfee in rising influencer impersonation fraud.

Advanced AI and automation are rendering traditional accounts payable obsolete, with CFOs now leading the shift to faster, more secure, data-driven finance processes.

Australian companies must automate accounts payable to cut costs, reduce fraud risks, and improve cash flow visibility amid mounting pressure on finance teams.

Sterling Lotteries teams up with Yaspa to offer instant Pay by Bank transfers, cutting costs and speeding up charity lottery payments across the UK.