Fraud prevention stories
Poor-quality records can undermine compliance, slow onboarding and weaken fraud checks, making robust data governance essential for banks.
Banks and other regulated firms in three countries will be able to link onboarding checks with ongoing AML monitoring as fraud risks intensify.
Outdated records can delay tax notices, benefits and emergency alerts, while also increasing fraud and compliance risks across public services.
Poor data can undermine compliance, fraud detection and reporting, making strong governance essential for banks handling sensitive customer records.
Most suspected scam victims stay silent, leaving banks and police with little chance to intervene and recovery support often absent.
Merchants in Europe and Asia-Pacific can now offer more local checkout options through one integration, reducing abandoned transactions at payment stage.
Businesses are being urged to build safeguards now as AI agents could soon be transacting more value than humans, First Digital says.
Banks and credit unions gain earlier warnings on phishing and account takeover as Candescent adds Memcyco to its marketplace.
Payments Canada says the new 24-hour network could speed funds to businesses and households, with access reaching more than nine in 10 Canadians within a year.
Rising fraud and AI-powered impersonation are leaving banks under pressure to improve checks, as 69% of Britons doubt they could spot a deepfake fraudster.
Payment failures are already costing Hong Kong merchants sales, with every retailer surveyed hit by slow or failed transactions ahead of Singles' Day.
Duplicate invoices and other mistakes have cost enterprises an estimated USD $5 billion in prevented payments, according to Trustmi's research.
Borrowers at the Pennsylvania lender will now get a single online and branch loan process after the platform went live in under three months.
Heavy workloads are prompting US workers to skip checks on emails and AI tools, with 71% spotting suspicious details only after acting.
New Zealand victims of holiday shopping scams lost an average of NZ$1,997, the highest among surveyed markets, Norton's research found.
US adults are using AI agents weekly, but half fear letting them spend on a credit card as trust falters over fraud and data sharing.
The incident has exposed a gap in cyber risk planning, with unauthorised app messages at ASOS showing how trust and fraud fears can linger after attacks.
Employers can now flag fake applicants earlier as concern grows over deepfakes, stolen identities and forged documents in remote hiring.
Fears over fraud are pushing Philippine mobile operators to test network-led scam detection and transaction checks with the GSMA.
From July 2027, firms will face stricter proof-of-identity rules that could slow onboarding unless they adopt trusted digital credentials and better audit trails.