Articles
How Banks Can Empower Customers to Fight Back Against Fraudsters
Scams are no longer just a security issue. They’re also a psychological one. Social manipulation now drives the majority of fraud losses globally. In 2024, Europe saw a 156% increase in cases, while the U.S. recorded its highest-ever annual fraud losses. Today, scams account for more than 70% of total fraud losses...
Funding Investment, Acquisitions & IPO’s – Q3 2025
Q3 has wrapped up! It’s time for our quarterly investment update. Explore the latest funding rounds and acquisitions in the world of fraud and risk mitigation! Funding Descope Descope has announced the extension and closing of its seed round with an additional US $35 million in new funding, bringing its total funding...
International Scam-onomics: How Scammers Target You, Enslave Others, and Operate a $1 Trillion Global Business
Thieves no longer need crowbars and masks. Instead, they creep through wires and screens. Unlike home burglaries, scammers convince victims to transfer their savings or provide access to a financial account without leaving a physical trace. In the digital age, it is nearly impossible to find someone who has not been targeted...
ACH Fraud: Time is Running Out to Meet the New Nacha Rules
The countdown to compliance with the new Nacha rules is on. With the March 20 deadline fast approaching, financial institutions must act immediately to meet new requirements designed to combat the growing threat of ACH fraud. Implementing a robust ACH fraud solution will help institutions respond quickly and avoid potential non-compliance penalties. Consumer...
At the heart of every scheme lies a Mule Account
Insights from BioCatch’s 2025 Dark Economy Survey The unseen backbone of modern financial crime While scams, synthetic identities, and account takeover dominate the global fraud conversation, racking up both losses and operational expenses for financial institutions of all sizes, the industry spends less time discussing, examining, and attempting to dismantle the infrastructure...
A comprehensive look at the cost of fraud
Fraud is one of the most significant financial risks facing businesses today. It not only drains cash and resources from companies, but it also directly impacts consumers. Phishing, identity theft, and other threats can harm customers, while malicious actors use these tactics to steal from service providers. This danger is not limited...
Funding Investment, Acquisitions & IPO’s – Q2 2025
Q2 has wrapped up! It’s time for our quarterly investment update. Explore the latest funding rounds and acquisitions in the world of fraud and risk mitigation! Funding Persona Persona has announced a successful Series D funding round, raising USD 200 million. The round was co-led by Founders Fund and Ribbit Capital, with...
Managing Check Fraud Without Increasing Friction In CX
Fraud, CX, and the Silent Cost of Speed The digital acceleration of banking has delivered on its promise: faster, more convenient financial experiences. But convenience without control is a false victory. When speed introduces risk, it creates a silent churn in customer trust—and an explosion in fraud exposure. We’re long past the...
Thailand Enacts Comprehensive Legislation to Combat Technology-Related Crimes
On April 13, 2025, Thailand officially implemented the Emergency Decree on Measures for the Prevention and Suppression of Technology Crimes (No. 2), B.E. 2568 (2025). This legislation establishes a comprehensive framework aimed at tackling the rising threat of online scams and cyber fraud. It emphasizes shared responsibility among financial institutions, telecommunications providers,...