Fraud poses a serious threat to banking and financial institutions globally. With the finances of consumers and corporations at stake, many organisations are investing in ground-breaking technology to help prevent fraud. One area of technological innovation that these institutions are exploring is artificial intelligence (AI). For...

The Communications Fraud Control Association’s  (CFCA) annual fraud survey provides telecoms fraud managers with an assessment of the key revenue threats from fraud.  The latest survey identified the top frauds committed against service providers. $10.76 B (USD) – International Revenue Share Fraud (IRSF) International Revenue Share...

Tesco Bank has been forced to repay £2.5 million worth of losses after 9,000 of its customers’ accounts were hacked by cyber-criminals, in what banking regulators are describing as an ‘unprecedented attack’. Whilst the National Crime Agency (NCA) begins its investigation in to the attack, it...