Sumsub, a full-cycle verification platform, today released its third annual Identity Fraud Report. The report revealed that the UK has experienced a 300% rise in deepfake cases from 2022 to 2023, rising to 780% across all of Europe. The report provides a comprehensive analysis of identity fraud across industries and regions based on millions of verification checks across 28 industries and over 2,000,000 fraud cases between 2022-2023*. Read more
A new global consumer survey from Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), revealed online shopping scam victims lost $1500 on average during the holiday season. Continue reading
Scams are one of the most pervasive Cyber Safety threats of our time. The sheer volume is staggering – people are collectively wading through 3.4 billion phishing emails on a daily basis – and scams are becoming more sophisticated and harder to spot without help. Today, Norton, a leader in Cyber Safety and part of Gen™ (NASDAQ: GEN), is inviting people to join in the fight against scams by offering early access to Norton Genie, a real-time AI-powered scam detector, to provide an easy, fast and free way to check if texts, emails, websites and social media posts are a scam. Continue reading
The COVID-19 pandemic catalyzed a digital payments revolution, forever reshaping expectations. Today’s consumers demand flexible, real-time payment options throughout their digital journeys. As banks, fintechs, retailers and other businesses modernize and add apps and offerings to keep pace, criminals cash in on weaknesses at every turn. How are professional fraud fighters striking back? A payments fraud study by Javelin and analytics leader SAS explores the fraud climate in 12 countries and offers eight recommendations for curbing the deluge. Continue reading
Online fraud is today’s most common crime. Victims are often told they are foolish for falling for it, but fraudsters use psychological mechanisms to infiltrate the defences of their targets, regardless of how intelligent they are.
So it’s important to keep up with the latest scams and understand how they work.
BioCatch, the pioneer of behavioral biometric intelligence and a leader in digital fraud detection, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of BioCatch: “Improve Fraud and Anti-Money Laundering Operations With A Proactive And Unified Approach.” The research reveals the reality about the concern and readiness of the world’s largest banks’ ability to effectively respond to the changing fraud and financial crime landscape. This research comes on the heels of increasing media and regulatory body reports that money laundering scams are increasing at alarming rates. Continue reading
Kamono Farm Initiatives Limited (KFI) is a Zambian company that was founded in 2012 with the vision of changing the agribusiness landscape by offering farmers a superior service. KFI’s business model is based on contract farming, which allows the company to provide farmers with access to inputs, markets, and technical expertise. This has allowed KFI to help farmers increase their yields and incomes, and to improve the sustainability of their farming practices.
However, in recent years, KFI has been facing allegations of fraud and money laundering. These allegations stem from a number of factors, including:
Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data. Continue reading
In advance of Cyber Monday, the busiest online shopping day of the year, Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), encourages holiday shoppers to take steps to protect themselves from online fraud and identity theft – at its peak during the holidays – to bring back the joy of gifting. Continue reading