ThreatMark raises $23M to combat fraud as volumes hit grim milestones
While money is rapidly flowing into the coffers of criminals carrying out fraud around the world, capital is being invested…
financial crime
Biometric Update regularly releases articles about the topic "financial crime." The following set of links is available to help you find biometrics news regarding "financial crime" and other relevant terms. Additional tags may be explored by reviewing our entire Biometrics Topics list.
Deepfake ring in Hong Kong busted for US$4.37M in romance investment scams
Deepfakes are expected to make mainstream headlines in 2025, as deepfake detection and AI-based fraud prevention firms line up to…
Know Your Customer? Don’t be so sure, says iProov
Customers aren’t what they once were, with more and more transactions happening digitally and via mobile devices. As such, Know…
CFIT pushes efforts on digital company ID to tackle economic crime in the UK
The UK’s Centre for Finance, Innovation and Technology (CFIT) has unveiled progress by its coalition of financial institutions, regulators, and…
Global crypto-asset risk management company powers up with Sumsub
A leading crypto asset risk management company is partnering with Sumsub to offer “enhanced capabilities” in screening cryptocurrency wallets, fraud…
‘Is my customer human?’ Banks must rely on AI to uncover automated fraud
By Xin Ren, Senior Director of Data Science, Feedzai Generative AI (GenAI) is changing the game for businesses and becoming…
BioCatch Trust Network launches in Australia to enable banks to exchange data
Collaboration is key to the most effective fraud detection: so says behavioral biometrics firm BioCatch, which has issued a release…
Deepfake attacks now occur every five minutes, Entrust report warns
A sharp rise in AI-assisted identity fraud is reshaping cybersecurity on a global scale, according to the 2025 Identity Fraud…
North American banks struggle with deepfakes, social engineering
Financial institutions in North America face a spike in fraud schemes, with social engineering scams increasing tenfold in the past…
Behavioral biometrics, analytics options aplenty as financial fraud gets more complex
As businesses play tug-of-war with increasingly sophisticated fraud tactics, the cost of fraud has risen to new levels, now amounting…
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