financial fraud

62% of Large Banks Report Increases in Financial Crime
62% of Large Banks Report Increases in Financial Crime
September 13, 2022  |  Security & Fraud

Fraud’s rise has touched the majority of businesses and financial institutions (FIs) — and many are struggling to find ways to address the increasing sophistication...

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New Details Emerge On Chinese Pharma’s $4.3B Fraud
New Details Emerge On Chinese Pharma’s $4.3B Fraud
May 30, 2019  |  B2B Payments

New details have surfaced about how a Chinese pharmaceutical conglomerate overstated its cash position by about $4.3 billion. Bloomberg reported on Wednesday (May 29) that...

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Big Banks Plagued By Dark Tequila Malware
Big Banks Plagued By Dark Tequila Malware
August 21, 2018  |  Security & Fraud

Kaspersky Lab announced on Tuesday (Aug. 21) that it discovered a sophisticated cyber-operation named Dark Tequila, which has been targeting Mexicans for the past five years. Using...

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Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
Iran Central Bank Deputy Chief Arrested In Fraud Crackdown
August 06, 2018  |  Security & Fraud

The deputy chief of Iran’s central bank was dismissed from the position and arrested as part of the government’s crackdown on financial fraud, according to...

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AI/BOTS: Machine Learning Tips Online Fraud Scales
AI/BOTS: Machine Learning Tips Online Fraud Scales
July 25, 2017  |  Artificial Intelligence

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the...

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New Report: Deconstructing Fraud With Machine Learning
New Report: Deconstructing Fraud With Machine Learning
April 25, 2017  |  Security & Fraud

Using machine learning to fight fraud may just be starting to see its day in the sun, but if industry trends are to be believed,...

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