Financial crime stories - Page 3

AI has become the default weapon against fraud and AML, but SEON warns fragmented systems mean higher spend and rising operational strain.

Ecommpay launches a free fraud guide for online retailers as UK payment fraud hits GBP £1.17 billion and AI-driven scams rapidly escalate.

Zepto promotes Mariana Paun to new chief business resilience role, uniting security, operations and compliance amid tougher scam rules.

Australian employers grow bolder on 2026 pay talks, ready to lift offers modestly and use perks as tight budgets meet scarce skills.

Half of fraud chiefs say fast-changing, AI-powered scams are outpacing their defences, forcing a shift to real-time, adaptive protection.

INTERPOL's Africa cybercrime blitz nets 651 arrests, seizes 2,341 devices and recovers USD $4.3m after scams linked to USD $45m losses.

Internal auditors warn AI-driven fraud is surging, but most concede they lack the tools, skills and time needed to spot it effectively.

Veriff taps Data Zoo's global data network to bolster multi-layered ID checks and help digital firms fight fast-evolving AI identity fraud.

Deepfakes, new biometrics rules and AI agents are rewriting digital identity, forcing ANZ firms to treat KYC as core infrastructure.

Okta warns North Korean operatives are landing remote tech jobs with stolen and synthetic identities to fund the regime and enable cyber attacks.

Young Australians lose over AUD $2.2 million as fake flexible job offers surge, with scammers recruiting money mules via texts and social media.

McAfee warns Australians AI-powered romance scams are surging ahead of Valentine's Day, with one in seven victims losing an average AUD $780.

Nium strengthens global payments push with new chiefs for risk, technology and marketing as AI, stablecoins and regulation reshape the sector.

AI-powered fraud rings industrialise online romance scams, fuelling USD $5.7 billion in losses and ushering in a 'dark age' for victims.

UiPath buys AI compliance specialist WorkFusion to automate banks' financial crime checks as monitoring workloads and governance demands surge.

Ripjar names Matt Mills Chief Executive to spearhead global expansion as regulatory pressure fuels demand for smarter crime screening tech.

Revolut passes 1m Australian customers and vows nearly AUD $400m investment, stepping up its challenge to local digital banking rivals.

Commonwealth Bank unveils a responsible AI blueprint, detailing governance, safeguards and fraud controls as scrutiny of automation grows.

Upcover adds deepfake incident cover to cyber policies in Australia via Coalition, targeting rising AI impersonation and fraud risks.

SEON launches global partner programme to embed its AI-powered fraud and AML tools deeper into platforms as online scams surge worldwide.