584 Results from /crime
John Bertrand MD at Tec 8 Limited
Rt Hon Lord David Hanson's Special Address on the new government's approach to tackling fraud at Financial 360 was breath of fresh air. Ably supported by Andrei Skorogatov, Home Office, in the prior session of Global Practices covering payment fraud. The goal to revitalise the attack on fraudsters using coordinated and incentivised parties, includ...
11 November 2025 /regulation /crime Banking Strategy, Digital and Transformation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
At financial institutions, insider threats and internal fraud are serious issues. Globally, the Association of Certified Fraud Examiners estimates that fraud costs organizations about 5% of their annual revenue, amounting to a staggering $5 trillion per year. Insider fraud is believed to account for up to 40% of these costs around $2 trillion ann
10 November 2025 /regulation /crime Exposing Financial Crime
Stanley Epstein Associate at Citadel Advantage Group
How cyber, ICT, and fraud threats have become the central focus of operational risk management in European banking Introduction European banks have entered a new era of operational risk exposure — one dominated not by rogue traders or faulty models, but by invisible adversaries in cyberspace. As digitalisation accelerates and financial institutions...
31 October 2025 /crime Operational Risk Management
Uma Shankar Kulasekaran Director, Product Management, Fraud at NICE Actimize
The Hidden Fraud Economy: Why Synthetic Identities Demand a New Defense Strategy By Uma Shankar Kulasekaran Fraud has always been a chase. Banks build defenses, criminals find new ways in, and the cycle continues. In recent years, something quieter, and frankly more dangerous, has been spreading. It is called synthetic identity fraud. This is not t...
23 October 2025 /ai /crime Financial Risk Management
Willem Lambrechts Managing Director at Drebbel
"Ransomware attacks in finance continue to increase, according to the latest statistics from cybersecurity firm Sophos. In a survey of nearly 600 IT and cybersecurity professionals in the financial services industry, 65% said they were hit by ransomware in 2024 – up from 64% in 2023. Financial services organizations have been a top target for...
22 October 2025 /security /crime Information Security
Alex Ford President, North America and Chief Revenue Officer at Encompass | RegTech Association | Women in RegTech
Artificial Intelligence (AI) is rapidly moving from isolated pilots to the core of banking strategy. Faced with margin pressures, rising compliance costs, and customer expectations shaped by digital-first industries, financial institutions are betting big on AI to drive efficiency and unlock growth. A recent HFS and Infosys study indicates that 20...
16 October 2025 /ai /crime Artificial Intelligence
AI-driven attacks, deepfake deception, and escalating ransomware mark a dangerous new era of cybercrime. But with the right strategy, resilience is not only possible—it’s essential. Introduction: Welcome to the New Battleground In today’s hyperconnected world, the frontlines of business are no longer physical—they’re digital. Every transaction, da...
12 October 2025 /crime Operational Risk Management
Somobrata Ballabh Risk Manager - Financial Crime & Change at Lloyds Bank GmbH
Financial institutions in EU are redefining their risk and compliance framework by embedding resilience into governance while embracing change and strategic transformation across business operations. The European financial services industry is undergoing a rapid evolution while the banks and financial institutions are embracing for its 2030 transfo...
09 October 2025 /regulation /crime Financial Services Regulation
David Maimon Head of Fraud Insights at SentiLink
Over the last several months, my team’s research into online fraud ecosystems has revealed just how far criminals are willing to go to outpace financial institutions. On Telegram, sellers advertise “fullz” — complete identity kits including Social Security numbers, driver’s licenses, and even school transcripts. On Facebook, fraudsters openly prom...
06 October 2025 /regulation /crime
Anurag Mohapatra Director of Fraud Strategy and Marketing at NICE Actimize
Last month, a major regional bank filed suit against a New York entrepreneur, alleging a check-kiting scheme that processed more than $72 million in fraudulent checks, resulting in $27 million in direct losses. While payment technologies have evolved dramatically, traditional fraud methods continue to exploit fundamental processes, resulting in lo...
26 September 2025 /payments /crime Exposing Financial Crime
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