The Fraud Factory: How Criminal Networks Are Using AI To Scale Attacks
For years, fraud was largely a numbers game. Criminals relied on mass phishing campaigns, stolen credentials and social engineering tactics…
Tag: Financial Crime
DNB Selects NICE Actimize and Infosys to Overhaul Financial Crime Detection and Fraud Operations
Norwegian banking giant DNB Bank ASA has launched a major transformation of its financial crime and fraud prevention operations, selecting…
ThetaRay Gamifies Financial Crime Compliance with “Spot The Money Mule” Launch
As financial institutions face a surge in mule account activity, fraud rings and increasingly sophisticated money laundering schemes, compliance teams…
OpenAI Opens Cybersecurity AI Access to UK Banks as Anthropic Keeps Mythos Restricted
OpenAI has moved to expand access to its advanced cybersecurity-focused artificial intelligence model, GPT-5.5 Cyber, to several major UK banks,…
Equifax Partners with Poland’s BIK to Expand Identity and Fraud Solutions
As fraudsters increasingly use artificial intelligence, synthetic identities and sophisticated digital impersonation techniques, financial institutions are under pressure to strengthen…
NatWest Deploys Cleareye.ai Platform to Strengthen Trade Finance Compliance and Fraud Controls
Trade finance is becoming a major focus area for banks seeking to modernise operations while strengthening their defences against increasingly…
Trusting Social Targets Top Philippine Banks for AI Tech and Biometric Security
As Philippine banks race to strengthen fraud controls and expand digital lending, artificial intelligence is becoming central to both security…
Banks Are Entering The Era Of Permanent Cyber Recovery
For years, banks approached cybersecurity as a prevention problem. The objective was straightforward: stop attackers before they entered the network.…
Mastercard Launches Merchant Trust Services to Combat Fraudulent Online Storefronts
As online commerce fraud becomes increasingly industrialised, payment networks are shifting toward earlier-stage intervention models designed to stop fraudulent merchants…
Biometric Banking Is Moving From Login Tool to Trust Infrastructure
Biometrics are no longer just a faster way to unlock a banking app. They are becoming part of the trust…