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fraud

Cryptocurrency
Blockchain & Cryptocurrency BREAKING NEWS Crypto Web 3.0

US seizes $225 million in cryptocurrency

Arnold Pinto
Linked to a global fraud network The United States has moved to seize more than $225 million in cryptocurrency allegedly tied to an international network involved in large-scale investment fraud. The US Attorney’s Office for the District of Columbia filed a civil forfeiture complaint in federal court, naming a sophisticated laundering system that investigators say […]
NEWS DESK

Veridas Takes the Lead in the Race Against Gen AI Fraud

PR News Desk
Generative AI is fueling a new wave of identity fraud, making digital security more critical than ever. In response, Veridas, a global leader in AI-driven identity verification, has introduced an advanced injection attack detection capability to combat the growing threat of synthetic identities. This new feature strengthens fraud prevention by combining injection detection
Scams
Cybersecurity

AI-powered scams are on the rise

Arnold Pinto
Making fraud harder to spot As artificial intelligence (AI) technology advances, scammers increasingly use AI tools to create more convincing and harder-to-detect fraud. From deepfakes to personalised phishing attempts, AI is transforming the way criminals operate, making scams feel more real and challenging to identify. Experts at Psono.com are raising the alarm over
Ministry of Economy
NEWS DESK

Ministry of Economy: New law on combating commercial fraud bolsters UAE’s legislation and protects consumers

The Ministry of Economy (MoEc) has clarified that Federal Decree-Law No. (42) of 2023 on Combating Commercial Fraud contributes to the creation of an integrated legislation that will significantly enhance consumer rights protection and combat commercial fraud in the UAE, aligning with the best global standards. This law introduces comprehensive mechanisms and regulations
Fraudulent
Banking

Fraudulent Bank Transactions May Surge 153% By 2029

Growing From $19 Billion In 2024 Juniper Research has released a startling report indicating a projected 153% increase in the value of fraudulent banking and money transfer transactions over the next five years. Starting from $19 billion in 2024, this forecast highlights a growing global concern for the financial sector. According to the report, fraudsters’ […]