LexisNexis Risk Solutions’ Post

Is protecting your customers from fraud your number one priority? Read the blog to whether it should be. #MSCloud #MSDyn365

📈 The digitalisation wave in APAC is not just transforming industries—it's also escalating fraud costs and complexities. With 51% of fraud now occurring through digital channels, businesses face growing threats from synthetic identity fraud and malicious bots. 📰 Read the full article to dive deeper into these challenges and discover how to safeguard your organisation. https://lnkd.in/gtC_R-sr Plus, don't miss our on-demand webinar to explore comprehensive insights from LexisNexis Risk Solutions on the True Cost of Fraud in APAC. https://lnkd.in/gtW-x5zF #FraudPrevention #DigitalRisk #APAC #LexisNexisRiskSolutions #OnDemandWebinar #FintechNews

Check Point Software Technologies today issued a critical safety advisory as India continues to witness a surge in ‘digital arrest’ scams—a sophisticated form of cyber fraud targeting unsuspecting individuals. These scams, marked by their psychological manipulation and detailed impersonations, are rapidly emerging as a significant threat in the country’s digital ecosystem. A Growing Concern: Real-Life Impact Fraudsters impersonating officials from agencies like the CBI, Income Tax Department, or Customs are exploiting victims through phone and video calls, presenting fabricated evidence of alleged crimes such as tax evasion or financial misconduct. Victims are coerced into transferring large sums of money under the pretence of avoiding arrest or other regulatory misdemeanours. Read more: https://lnkd.in/gQJQb4mk #IndiaTechnologyNews #DigitalFraud #IndiaCyberSafety #DigitalArrestScam #FraudPrevention #CyberSecurityAwareness #OnlineSafetyTips #ProtectYourData #ScamAlert #DigitalScams #StaySecure

(CYBERSCOOP) New legislation would give the agency expanded powers to investigate crimes involving digital assets. The U.S. Secret Service would get expanded investigative powers to take on cybercrime tied to digital assets under a new bill from a bipartisan trio of Senate lawmakers. Legislation introduced this week from Sens. 🔹 Catherine Cortez Masto, D-Nev., Chuck Grassley, R-Iowa, and Amy Klobuchar, D-Minn., would strengthen the Secret Service’s authority to go after transnational cybercriminal activity and to investigate crimes connected to digital asset transactions, encompassing structured transitions, unlicensed money transmitting businesses and fraud against financial institutions. Matt Bracken reports. To Watch: Just to keep a pulse on topics like this as they start to inform / indicate where new legislation lead for digital assets, AI and other newer technology or transactional money services. #cybercrime #fraud #digitalassets #bill #regulations #legislation #law #cybercriminalactivity #investigatecrimes #financialinstitutions #financialservices #cyberprogram #cybersecurityprogram #cybercompliance #cybersecuritycompliance #governance #cybergrc #regtech #Buckler https://lnkd.in/gGxyxDTx

In our annual global compliance survey, 60 percent of firms reported no change in the number of payment #fraud cases over the past 12 months. However, this reflects fraud losses remaining at the record-breaking levels seen in 2023. With this alarming figure in mind, we delve into the five fraud trends dominating 2024. Join the conversation 👇 https://lnkd.in/emcZbwBN

💸 Large enterprises continue to fight all kinds of #fraud, from insider threats to #payments fraud to social engineering. But small businesses are often overlooked as they fight the same battles. https://zurl.co/ZIdh #paymentsfraud #smallbusinessfraud #socialengingeering

Compliance Conversations Aussies lose around AU$1 billion to card theft. In the past year, Australians have experienced significant losses due to card fraud, amounting to nearly AU$1 billion, according to recent findings by Finder. Read the full blog here: https://loom.ly/XJAoPNM #scams #cardfraud #compliance #australia

Jade Thirdeye's Financial Crime Regulatory Specialist, Claire Rees DipFCP, DipAML, discusses the importance of collaboration and information sharing for financial crime prevention in her latest blog for Cifas. #Fraud  #financialcrime #AML

The practice of callbacks can be crucial to uncovering potential threats of payments fraud. See how this validation process can help.

The practice of callbacks can be crucial to uncovering potential threats of payments fraud. See how this validation process can help.