The Payments Association

JUNE 11, 2025

Additionally, the sharing of data, both internally and on a federated, industry-wide basis, will be key to winning the war on financial crime. Sustainable growth depends on interoperable risk frameworks, shared scam indicators, and coordinated responses, especially as fraudsters grow more agile and cross-border by design."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

The Payments Association

OCTOBER 21, 2024

The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. The UK’s fraud and scams problem is not going away. Fraud still accounts for almost 40% of all crime in England and Wales, and with an estimated 3.2 What is this article about? What’s next?

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

The Fintech Times

NOVEMBER 20, 2024

In its sixth edition, the 2025 Identity Fraud Report found that attacks involving deepfakes happened every five minutes in 2024, and digital document forgeries increased by 244 per cent year over year. It is essential for preventing fraud and financial crime. Deepfake attacks occurred at a rate of one every five minutes in 2024.

Deepfake 69

Deepfake Phishing Account Takeovers Scams 69

Fintech News

JANUARY 17, 2024

Sophisticated scams dominate the fraud landscape BioCatch’s report uncovers a startling surge in financial cybercrime in Asia-Pacific. With scams accounting for 54 percent of all cases, there’s a 200 percent increase in voice scams from the previous year.

Deepfake 125

Deepfake APACS Scams Authentication 125

The Payments Association

APRIL 2, 2025

With fraud accounting for a significant portion of UK crime, understanding AIs role is critical for developing effective, future-ready defences. He cited a confirmed case from February 2024 where a Hong Kong multinational lost $25 million after an employee was deceived by a deepfake call purporting to be from their CFO.

AI 88

AI Financial Crimes Deepfake Fraud Prevention 88

The Payments Association

MAY 7, 2025

From AI-driven scams to rising chargeback rates, the challenges are growing more complex and costly. 1) AI-driven fraud and deepfakes Fraudsters are increasingly leveraging Artificial Intelligence (AI) to conduct highly convincing scams. As we navigate through 2025, high-risk merchants face a rapidly evolving fraud landscape.

Risk 88

Risk Disputes Debit Card Cross-Border 88

The Payments Association

OCTOBER 22, 2024

As fraud continues to rise, especially with the emergence of AI-powered scams, is this new regulation enough to tackle the ever-evolving threat of financial fraud? As scams become more advanced, even the most cautious consumers are falling victim. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

The Payments Association

MAY 13, 2025

To many, that makes APP scams seem unsolvable. Most of these scams dont begin with a phone call; they begin long before, with reconnaissance, setup, and signals that can be detected in the session or across prior ones. APP fraud persuades, it doesnt breach In todays scams, criminals no longer force their way in. But theyre not.

Scams 88

Scams Fraud Detection Deepfake Phishing 88

The Fintech Times

SEPTEMBER 11, 2024

Bots and deepfakes The rise of bots using deepfake technology to create convincing fake profiles poses an additional challenge. Bots and deepfake tech are enabling criminals to automate complex scams that used to take a lot more effort, making them incredibly efficient and dangerous,” said Dan Yerushalmi , CEO of AU10TIX.

Bots 59

Bots Deepfake Automation APACS 59

The Fintech Times

MAY 16, 2024

Banks are coming under an increasingly intense barrage of cybersecurity attacks, and many of these now use deepfakes and generative AI to make the initial breach. This means that synthetic identity fraud is now the fastest-growing category of financial crime in the US – and costing banks as much as $6billion.

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

PYMNTS

SEPTEMBER 9, 2019

Though the tactic is unusual, cybersecurity experts warn the strategy could signal an increasing use of so-called “deepfake” technology to infiltrate systems and steal company cash. Now, Australia is looking to update and revamp its strategy to combat cyber crime.

Cybersecurity 72

Cybersecurity Email Compromise Deepfake Crime 72

The Fintech Times

JANUARY 17, 2024

Artificial intelligence (AI) has emerged as a new fraud challenge finds ComplyAdvantage , the AI-driven fraud and AML risk detection firm, as it launches ‘The State of Financial Crime 2024’ report. Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware.

AI 59

AI Financial Crimes Crime Security 59

Seon

JUNE 27, 2024

How can the technology driving novel and increasingly sophisticated fraud activities be harnessed to combat scams and cyber risks cost-efficient and effectively? AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

Fintech News

APRIL 8, 2025

Is it even a regular Tuesday if someone in Singapore hasnt fallen for a scam? Its starting to feel like scams are as common as bubble tea outlets in this country they’re everywhere, always popping up in new flavours, and somehow, people just keep going back for more. And lets be real for a second.

Scams 100

Scams Authorization Legal Framework Crime 100

The Payments Association

FEBRUARY 18, 2025

AI-driven fraud is evolving fastbanks must adopt adaptive AI models to detect and prevent scams in real-time. Deepfake technology can make calls appear authentic, presenting criminals as the individuals they are impersonating. Banks are now mandated to payvictims backup to 85,000, but this is a winwin for fraudsters.

AI 88

AI Romance Scams Fraud Prevention Scams 88

The Fintech Times

MAY 8, 2025

Since generative AI emerged as a powerful tool for criminals, its usage has grown significantly – leading to more than 50 per cent of fraud now involving the use of AI, according to the latest report from Feedzai , the global AI-native financial crime prevention company.

AI 61

AI Deepfake Scams Financial Crimes 61