Stop ghost students stealing college financial aid with biometric liveness
The Associated Press recently documented a vast and fast-growing fraud on the U.S. education system in which scammers use AI…
financial crime
Biometric Update regularly authors news regarding the term "financial crime." The following set of links is available to assist you with finding biometrics news concerning "financial crime" and other relevant terms. Additional topics may be perused by accessing our entire Biometrics Topics list.
iProov uncovers global cybercriminal operation ‘Grey Nickel’
Biometric identity company iProov says it has uncovered live operations of a cybercrime operation that has infiltrated financial institutions worldwide….
Vietnam police catch ring using biometric face spoof to launder $39M
Vietnam is adapting its rules for online account security as the country leans into digital transformation for government and business,…
BioCatch adds Argentine banks to trust network for real-time threat assessment and data exchange
BioCatch’s interbank intelligence network for real-time information sharing with the aim of enhancing fraud prevention in the financial sector has…
Feedzai acquires Demyst to unify KYC, fraud risk data
Financial crime prevention and behavioral biometrics provider Feedzai has acquired data management provider Demyst to unify data orchestration and risk…
US Corporate Transparency Act rollbacks create customer ID verification needs
U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and…
Credas CEO recommends robust ID verification to fight financial fraud in property market
The property market in the UK, like elsewhere, is not spared from financial fraud. But in order to reverse the…
Generative AI lowering barrier to digital crime: Europol
Organized crime groups are becoming more sophisticated and dangerous thanks to technological developments such as generative AI which is reducing…
Rising fraud prompts new partnerships for Alloy, Mastercard, Sumsub
There is good news and bad news on the fraud front. The good news is that Jimmy next door is…
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…
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