A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or...
Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost...
A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California,...
For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do...
FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. The collaboration employs the FIS SecurLOCK card fraud management solution to spot and prevent fraudulent transactions, according to...
Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. Delphia and Global Predictions have agreed to settle charges by the Securities and...
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part...
Federal regulators have reportedly recorded a jump in AI-related scam ads on social media. The Federal Trade Commission (FTC) has seen a sharp rise in complaints in...
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...