Global card issuing platform Marqeta is introducing a new product suite the company said will help customers that use its card-issuing platform fight fraud — a problem expected to generate losses of $400 billion over the next 10 years. The Oakland, California, company stated in...
First comes fraud, then comes money laundering. Ransomware, business email compromise (BEC), phishing and bitcoin as a vehicle to hide illicit gains — ferrying stolen funds across borders is no longer about stuffing money into suitcases. Featurespace Founder Dave Excell told Karen Webster that the...
That old saying in business holds true in the digital age. As Neuro-ID CEO Jack Alton told Karen Webster, there’s only one chance to make a first impression. For merchants and brands doing more business online, that first impression comes at the point of onboarding,...
Digital fraud prevention platform FiVerity, multi-cloud security company Fortanix and Intel have teamed up to help financial services companies fight digital identity fraud through confidential computing, according to a joint press release Tuesday (April 19). Through the partnership, FiVerity will employ data privacy technology at...
The Commonwealth Bank of Australia (CBA) released a statement on Tuesday (April 19) denouncing claims that the bank was partnering with a cryptocurrency trading platform that came from a false news article. The fake article, which claimed to be a report from the Australian Broadcasting...
The U.S. Internet Crime Complaint Center, also known as IC3, is warning the public about a cybersecurity scam that tricks people into transferring funds in order to “reverse” instant payments, according to an FBI press release. Cybercriminals are targeting victims by sending text messages with what...
The U.K. Online Safety Bill was introduced in the U.K. Parliament on March 17, 2022, to curb online harms by significantly increasing the responsibilities of social media firms and search engines to monitor content posted on their platforms. The core concept of the bill is...
Strong fraud protections, anti-money laundering (AML) compliance and seamless user experiences go together in today’s marketplace. Financial institutions (FIs) must navigate a new landscape of risk, maintaining compliance with strict AML regulations, fighting new iterations of fraud and cybercrime that power money laundering networks and...
A New Jersey man admitted Thursday (April 7) to running a decade-long invoice factoring scheme that bilked lenders of $50 million, the U.S. Attorney’s Office in Trenton, New Jersey, announced. Vincent Galano, 59, of Oceanport, New Jersey, entered the plea after being charged via an...
