Articles Tagged with ''financial crime''

According to a survey by Citi, 27% of U.S. adults have fallen victim to a financial scam despite 90% feeling confident that they could detect scams.

A new survey found that fraud attacks on call centers are on the rise, based on growth from 2021 to 2022, with financial industry respondents noting an even more acute increase.

According to a Juniper Research report, the rate of digital identity verification checks is on the rise in response to increased identity theft.

A Deloitte report found that synthetic identity fraud such as deepfakes could trigger the need for more sophisticated biometric security systems.

A report highlights how financial services organizations have embraced the cloud in response to the pandemic-fueled movement toward remote work.

A report found that 69% of global executives and risk professionals worldwide expect financial crime risks to increase over the next 12 months. 

According to research, the pivot to digital transactions during the pandemic means the risk of digital fraud is greater than it was pre-pandemic.  

The ENABLERS Act aims to detect, disrupt and deter money laundering through real estate by requiring beneficial ownership disclosure and proof of funds for large real estate purchases.

Despite industry efforts to mitigate it, real estate cyber fraud has steadily grown. Here is how best to mitigate the fraud risk in your organization.

Although cybercriminals will always try to adapt to new security measures and insert themselves in the middle of a financial transaction, financial firms can prevent cyberattacks by using fingerprint, facial recognition, and other verification methods that cannot be stolen or faked.