Scams stories
UK consumers and businesses could benefit as Cifas adds nearly 500 scam signals to a global network aimed at faster takedowns.
As AI spreads through core business functions, executives warn weak oversight could expose firms to deepfakes, fraud and costly incidents.
Nearly six in ten Londoners have seen more scam attempts in the past year, with social media fraud and AI-made ruses fuelling concern.
Customers could soon verify their age, address and identity through banking apps, as lenders test a voluntary check-sharing service to curb fraud.
Fraud losses could fall if banks, merchants and regulators align on earlier intervention, Ecommpay says in a new report.
Fraud checks and customer service will be sped up as Lloyds Banking Group adds more than 1,000 AI jobs and retrains staff.
Banks must shift to real-time, networked defences as organised scams now move money through customer-authorised payments in minutes.
Bank restrictions could be challenged by thousands of customers after a campaign accused lenders of blocking legal crypto transfers in the UK.
Nearly half of Australian compliance teams said fragmented systems were their biggest weakness, hampering efforts to spot sanctions and scam risks.
Yahoo Boys have evolved from email fraud into an AI-enabled cybercrime subculture, using deepfakes, sextortion and social media to target victims worldwide.
Older adults are far more likely to doubt digital messages, as a survey finds 41% of UK and US consumers question if they are genuine.
Better text delivery has helped the fintech avoid carrier throttling and support headaches as clients rely on SMS to complete financial checks.
The milestone underscores rising demand for online borrowing as 40% of applications came outside normal banking hours, Fig said.
The name-checking service is now helping avert scam losses and mistaken payments, with more than 150 million checks completed in its first year.
Small businesses face rising scam losses and AI-driven fraud as the association urges mandatory reporting and tougher platform obligations.
Consumers could gain stronger protections and easier data sharing as Ottawa opens consultations on bank fraud and open-banking rules.
Indian banks are bracing for higher losses as 84% of leaders report rising fraud and growing concern over AI-driven scams.
Fraud is moving across Canada's payments ecosystem, prompting calls for banks, telecoms and platforms to share data and coordinate defences.
Customers will spend less time hunting for bills and security settings as the bank rolls out a simpler mobile and online layout.
Uncertainty over planned capital gains tax changes could deter startup funding and prompt founders, investors and talent to leave Australia.
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