July 13, 2023
FTC Investigates OpenAI Over Role in Spreading AI-Generated Misinformation
Artificial intelligence (AI) is becoming a non-artificial threat. That’s because while the apocalyptic doomerism surrounding the technology’s threat to humanity as a whole may be overblown, there still exist right-now...
July 13, 2023
Celsius Founder Facing Fraud Charges and 3 Regulatory Lawsuits
The ex-CEO of Celsius is facing federal fraud charges as the government’s crackdown on the cryptocurrency sector continues. In addition to the charges filed Thursday (July 13) by the Department of Justice,...
July 13, 2023
PYMNTS Intelligence: Why FinTechs Are Leaning Into AI to Fight...
As financial fraud evolves in the digital age, the picture that emerges is a complex one. On one hand, fraud in 2022 was at its lowest rate since 2014, affecting...
July 12, 2023
Former Chief Growth Officer of Frank Indicted for Fraud
Federal prosecutors have filed charges against a second former executive of college financial-planning startup Frank. They have indicted Olivier Amar, former chief growth officer of Frank, in connection with fraud...
July 12, 2023
UK Supreme Court Rules Customers Liable for Fraud Through Bank...
The United Kingdom’s Supreme Court has reportedly ruled that customers are liable for fraud through their accounts when the bank carried out instructions expressly authorized by the customer. The court...
July 12, 2023
FinTech – July 2023
FinTech – July 2023
July 12, 2023
Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud...
For every new fraud scheme that pops up, dozens of FinTechs are responding to quash it. Yet despite their expertise in cutting-edge technology, FinTechs are far from invulnerable to attacks...
July 11, 2023
FTC Warns About Scammers Impersonating Agency Staff
The Federal Trade Commission (FTC) is warning consumers to be wary of scammers pretending to be staff members. The FTC issued a press release and blog post on Tuesday (July 11) to alert consumers. The blog...
July 11, 2023
Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
When it comes to digital risk, the best defense is a good offense. That’s because while firms may be feeling whiplash regarding the hyper-rapid advances of innovative technologies like generative...
