Group-IB warns GCC investors of deepfake investment fraud risk
Cybersecurity firm Group-IB has warned that AI-powered investment fraud schemes combining deepfake videos, WhatsApp groups and fake cryptocurrency platforms could…
financial crime
Biometric Update regularly publishes posts regarding the term "financial crime." The following list of links is available to help you find biometrics news concerning "financial crime" and other relevant terms. More tags may be explored by accessing our entire Biometrics Topics list.
FinCEN expands student aid fraud crackdown beyond identity verification
The U.S. Treasury Department is expanding its campaign against federal student aid fraud beyond applicant identity verification, asking banks and…
Social engineering reshapes financial fraud as attacks scale
Social engineering is becoming the dominant attack vector against financial institutions and consumers alike. New data from BioCatch shows impersonation…
Trust needs intelligence: Why credit unions must rethink fraud prevention
By Dave Rossi, Managing Director at National Hunter Credit unions have long relied on personal relationships, local knowledge and community…
Senate hearing warns AI is industrializing fraud against older Americans
Artificial intelligence is stripping old fraud schemes of their telltale flaws, giving criminals the ability to clone voices, fabricate trusted…
Deepfakes become part of organized crime’s industrial technology stack
In coverage of how generative AI technology and deepfaked biometrics have transformed the fraud landscape, the word “scale” comes up…
Digital trust under threat from advanced fraud, AI agents: BioCatch
The digital world has consumed us; “being online” is no longer optional. As such, the importance of digital trust has…
Under AMLA, 95% false positives become a regulator’s problem
By Max Irwin, Regional Vice President EU, Shufti By the end of the day on 22 April 2026, around forty…
KYC bypass tools sold on Telegram to defeat biometric checks
Illegal hacking services designed to bypass Know Your Customer (KYC) facial biometric scans are being sold on Telegram channels to…
Generative AI has ushered in a new era of fraud, say reports from Plaid, SEON
The overall transformational impact of the tech we have come to call AI is still up in the air. The…
