scamreport

Remember the Netflix documentary “The Tinder Swindler”? It exposed the shocking reality of romance scams, where fraudsters exploit emotional connections to steal millions. While the story might seem unbelievable, these scams are worryingly common, costing victims billions globally. This article explores how financial institutions can leverage intelligent fraud decisioning with AI to combat romance scams […]

he Economic Crime and Corporate Transparency Act 2023 aims to tackle economic crime and improve corporate transparency in the UK. This article delves into the Act’s key changes, particularly relating to corporate criminal liability and the new “failure to prevent fraud” offense. Broadening the Net: More Liability for Companies One major overhaul is the expansion

The Looming Storm: How AI is Reshaping the Future of Online Fraud in 2024 The digital landscape is constantly evolving, driven by the relentless march of technology. While advancements in Artificial Intelligence (AI) promise a future filled with convenience and progress, they also cast a long shadow, empowering a new breed of online criminals. As