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 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. Another way fraudsters are abusing financial firms is through AI-assisted deepfakes. per cent of attacks globally).

Deepfake 69

Deepfake Phishing Account Takeovers Scams 69

Trade Credit & Liquidity Management

APRIL 29, 2025

As financial institutions navigate a rapidly digitizing landscape, the rise of AI-generated deepfakes is no longer a fringe concern—it’s a growing enterprise risk. “Deepfake technology has emerged as both a marvel and a menace,” continued Miyachi.

Deepfake 52

Deepfake AI Bots Scams 52

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 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

BioCatch

SEPTEMBER 18, 2024

Whether through phishing emails and text messages or social media, the biggest cyber threat facing banking customers today is the rise of sophisticated social engineering frauds. There is no escape.

Phishing 40

Phishing Deepfake Scams Security 40

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.

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Rules Fraud Prevention Caps Deepfake 88

The Fintech Times

DECEMBER 19, 2024

” Slipping through the cracks Increasingly sophisticated tactics, such as fake invoices, deepfake media, and phishing scams – driven by generative AI – have made attacks more convincing and harder to detect.

Automation 59

Automation AI Fraud Prevention Deepfake 59

Fintech News

FEBRUARY 10, 2025

From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits. Asia-based crypto exchanges have not been immune.

Crime 93

Crime Ransomware Scams Phishing 93

The Fintech Times

JANUARY 17, 2024

Risks include deepfakes, sophisticated cyber hacks, and the use of generative AI to create malware. AI: Fighting the emerging threat Two-thirds (66 per cent) of financial industry respondents think the use of AI by fraudsters and other criminals poses a growing cybersecurity threat.

AI 59

AI Financial Crimes Crime Security 59

Seon

MAY 23, 2024

With inherent portability and connectivity, mobile devices are prime targets for exploitation, and contemporary cybercriminals are leveraging these characteristics to perpetrate more fraud than ever before, including phishing scams, malicious apps and social engineering tactics explicitly tailored for mobile platforms.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Seon

JUNE 7, 2024

Other AI applications include enhancements to traditional scams, such as phishing and social engineering attacks. million for a purported new headquarters building in an email scam. By personalizing approaches and crafting tailored messages, fraudsters can appear more convincing than ever to unsuspecting targets.

AI 52

AI Innovation Fraud Prevention Fraud Detection 52

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’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

The Fintech Times

FEBRUARY 12, 2025

Online romance scams reach new levels of deceit with artificial intelligence (AI), turning hopeful hearts into targets for sophisticated fraud. Fraudsters can use AI to develop highly convincing scams, deceiving even the savviest people and businesses. So, how can a criminal so convincingly create a fake identity?

Romance Scams 59

Romance Scams Scams AI Deepfake 59

The Fintech Times

MAY 8, 2025

According to the report, 44 per cent of financial professionals report that fraudelent schemes use deepfakes , and 56 per cent of professionals cite social engineering, a set of manipulative tactics used by fraudsters to exploit human psychology and trick individuals into revealing sensitive information, as another significant tactic powered by AI.

AI 61

AI Deepfake Scams Financial Crimes 61

The Fintech Times

MARCH 26, 2025

A clear example is the attack on WWP ‘s CEO, where the attackers combined WhatsApp to build trust, Microsoft Teams for further interaction, and an AI-generated deepfake voice call to extract sensitive information and money.

AI 72

AI Cybersecurity Deepfake Phishing 72

The Fintech Times

MARCH 14, 2025

With tools like deepfake identity generators, fake KYC documents, and automated phishing scams, cybercriminals are launching sophisticated attacks at scale. Her words landed with weight. Generative AI has created a new breed of fraudsters who dont need years of experience to manipulate financial systems.

FinTech 59

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59