The Financial Crimes Enforcement Network (FinCEN) issued guidance Friday (Sept. 5) that it said aims to encourage appropriate, voluntary cross-border sharing of information between and among financial institutions, including appropriate foreign ones. This information sharing can help financial institutions combat money laundering, terrorist financing and illicit finance...
Cloudflare said Tuesday (Sept. 2) that information shared in its customer support system should be considered compromised. The company issued this warning in a Tuesday blog post in which it disclosed that it was affected by a breach of Salesloft’s Drift that allowed someone outside Cloudflare to access...
England’s financial watchdog wants residents to be wary of fraudsters impersonating the agency. The Financial Conduct Authority (FCA) said Wednesday (Aug. 27) that it had received nearly 4,500 reports of “fake FCA scams” during the first half of 2025. While the number of reports of...
With the rise of agentic AI, identity verification is more important than ever. Distinguishing legitimate transactions from increasingly sophisticated fraud attempts places FinTech companies, with their digital-first infrastructure and seamless consumer experiences, at the vanguard of the ongoing battle against identity theft and financial deception....
Riskified and HUMAN Security have partnered to help merchants prevent fraud and abuse when dealing with artificial intelligence (AI) shopping agents. This collaboration brings together HUMAN Security’s HUMAN Sightline featuring AgenticTrust and Riskified’s eCommerce risk management expertise, the companies said in a Wednesday (Aug. 13) press release. The new tools...
Zelle operator Early Warning Services is being sued by New York State Attorney General Letitia James, who alleged that the company fails to protect its users from “massive amounts of fraud.” The Office of the New York State Attorney General said in a Wednesday (Aug. 13) press release that its investigation...
Australian bank CommBank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crime and cyber threats. The launch of these assets builds upon earlier solutions that have helped drive a 76% reduction in customers’ losses to scams since...
Have you ever gotten a text about an unpaid toll? Or one purporting to be from the U.S. Postal Service about an undelivered parcel? If you looked at these messages and thought “Scam,” you were on the right track. And as TechCrunch reported Sunday (Aug....
A growing number of older adults are losing large sums of money to impersonation scams, according to the Federal Trade Commission (FTC). The number of people 60 and over who said they lost $10,000 or more to this form of fraud quadrupled between 2020 and...