The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible technological innovation, it said in a Thursday (May 16) press release announcing the publication of its “2024...
Visa has launched a generative artificial intelligence (AI) solution designed to help issuers combat enumeration attacks. The new VAAI Score tool is being added to the Visa Account Attack Intelligence (VAAI) offering, beginning with U.S. issuers, the company said in a Tuesday (May 7) press release emailed...
Since biblical times, the greatest threats have often come from inside one’s own organization. Et tu, Brute? And recent news from the U.S. Attorney’s Office for the Southern District of New York (SDNY) shows that, even two-plus decades into the 21st century, insider fraud remains...
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a rising demand for fraud prevention solutions. Permira’s acquisition comes almost exactly a year after the...
March 29, 2024
The proliferation of voice-activated technology, from virtual shopping assistants to speech recognition in smartphones and smart homes, is reshaping how consumers interact with devices. Advancements in this field are continually expanding the possibilities of what voice technology can achieve. For instance, assistive voice technology, like the one developed by Whispp, is empowering individuals with voice disabilities, enabling more fluent and […]
March 28, 2024
When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s legal defense hewed to on...
February 01, 2024
Easy money attracts bad actors. In today’s increasingly digitized and borderless business landscape, the threat of attack has only grown more pointed. That’s why it is so important for banks...
October 06, 2023
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would...
May 17, 2024
Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of California Thursday (May 16), names two individuals who have been arrested: Daren Li, a dual citizen of China and St. Kitts and Nevis, and Yicheng Zhang, a Chinese national, the […]
May 16, 2024
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible...
May 07, 2024
Visa has launched a generative artificial intelligence (AI) solution designed to help issuers combat enumeration attacks. The new VAAI Score tool is being added to the Visa Account Attack Intelligence (VAAI) offering,...
May 02, 2024
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a...
