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Financial crime stories

Bybit sues North Korea over USD $1.5 billion theft
Blockchain

Bybit sues North Korea over USD $1.5 billion theft

A US court has frozen alleged proceeds from the hack as the exchange seeks to recover only a fraction of the missing crypto.

By Joseph Gabriel Lagonsin • 4 min read • This month
Ecommerce fraud pressure rises 33% as AI fuels attacks
Digital Transformation

Ecommerce fraud pressure rises 33% as AI fuels attacks

Account takeover and card-testing attacks surged as AI lowered the cost and speed of scams, raising pressure on online retailers.

By Joseph Gabriel Lagonsin • 4 min read • This month
Financial services leads in AI identity readiness scorecard
Digital Transformation

Financial services leads in AI identity readiness scorecard

Banks and other financial firms are under more pressure from AI-assisted identity fraud, but they outscore peers on detection and audit evidence.

By Karen Joy Bacudo • 4 min read • This month
Bloomberg adds AI surveillance for insider dealing
Risk & Compliance

Bloomberg adds AI surveillance for insider dealing

Compliance teams could see fewer false alarms as the new models target suspicious messages tied to insider dealing and personal trading.

By Joseph Gabriel Lagonsin • 4 min read • This month
Why enterprise AI must learn to act, not just talk
Digital Transformation

Why enterprise AI must learn to act, not just talk

Travel and banking customers could see faster resolutions as enterprises shift AI from answering queries to completing tasks end to end.

By Albert Nel • 6 min read • This month
SAS Innovate: New era of scams requires novel solutions
Fintech

SAS Innovate: New era of scams requires novel solutions

Australians are losing billions as AI-driven fraud pushes banks, telcos and platforms to share scam data faster and stop payments earlier.

By David Shilovsky • 5 min read • This month
Incode launches GovFaceMatch for US state DMV checks
Data Protection

Incode launches GovFaceMatch for US state DMV checks

The new service aims to curb AI-driven identity fraud while speeding up checks that often drive genuine users away.

By Sean Mitchell • 4 min read • This month
Autonomous AI agents could drive 90% of fraud by 2028
Phishing

Autonomous AI agents could drive 90% of fraud by 2028

Scam losses are rising faster than human fraudsters alone can explain, with AI-enabled cases in the US already topping USD $900 million.

By Sean Mitchell • 4 min read • This month
Visa to buy BioCatch in USD $2.4 billion cash deal
Data Protection

Visa to buy BioCatch in USD $2.4 billion cash deal

The deal would bolster Visa's push into fraud prevention as banks battle account takeovers, scams and money mule activity.

By Karen Joy Bacudo • 4 min read • This month
Fintech growth exposes security & finance weaknesses
Data Protection

Fintech growth exposes security & finance weaknesses

Rising use of digital payments is forcing fintechs to tighten controls as executives warn that weak access, AI and fraud defences are exposing customers.

By Karen Joy Bacudo • 6 min read • This month
ABBYY document forensics tackles AI-generated fraud for fintechs
Digital Transformation

ABBYY document forensics tackles AI-generated fraud for fintechs

Fintech lenders and banks face rising losses as AI-generated statements and identity files slip into automated onboarding before manual checks.

By Mark Tarre • 4 min read • This month

Stories from Other Regions

Financial crime stories

The new architecture of money: Stablecoins, AI and Europe's payments future
Crypto

The new architecture of money: Stablecoins, AI and Europe's payments future

Faster transfers are exposing a gap in Europe's payments systems, where firms still struggle to link money movement with data, controls and accountability.

By Murthy Maddali • 5 min read • This month
Real-time rail payments bring Canada into hold-free economy
Fintech

Real-time rail payments bring Canada into hold-free economy

Consumers and businesses will be able to move money in seconds outside banking hours when Payments Canada launches the RTR next quarter.

By Jake MacAndrew • 4 min read • This month
MVB Bank taps Bretton AI for compliance operations
Fintech

MVB Bank taps Bretton AI for compliance operations

The agreement will let MVB Bank scale anti-money laundering and know-your-customer checks without adding staff as fintech compliance workloads rise.

By Karen Joy Bacudo • 4 min read • This month
Trustmi launches AI investigation agent for B2B fraud
Software-as-a-Service

Trustmi launches AI investigation agent for B2B fraud

Fraud probes should move faster as the new tool links payment, email and vendor data for security and finance teams.

By Mark Tarre • 4 min read • This month
Beyond capital: How Scotland is shaping the future of fintech
Fintech

Beyond capital: How Scotland is shaping the future of fintech

Private backing and public funding are helping Scottish fintech firms scale AI tools, with Aveni's GBP £12 million round and FRIL's GBP £3.18 million boost.

By Pamela Bryer • 4 min read • This month
Australia urged to bolster digital finance & fraud defences
Digital Transformation

Australia urged to bolster digital finance & fraud defences

Rising online fraud and a 2027 digital assets regime are pushing banks and fintechs to upgrade infrastructure as adoption accelerates.

By Mark Tarre • 4 min read • This month