Articles
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,...
The Identity You Carry in Your Pocket: Why Mobile Numbers Matter More Than Ever
What Is a Mobile Number, Really?What is a mobile phone number? This may initially seem a silly question, but the answer may be more complex than you first think. We all know what one looks like. In the UK, where I’m based, it’s an 11-digit number starting with 07. In the US,...
Investment, Acquisitions & IPO’s – Q1 2025
The first quarter is in the books, time for our investment roundup! Dive into the newest funding deals and acquisitions shaping the fraud and risk landscape. Funding ID.Me Digital identity‑wallet provider ID.me has landed a $275 million credit facility from Ares Management, and Ares plans to follow up with a sizeable equity stake....
Fraud and Scams: Top 5 Must-Read Books
In today's digital age, fraud and scams have become increasingly sophisticated, making it essential to stay informed and vigilant. Whether you're a financial expert, a business owner, or simply a consumer, understanding the tactics and strategies used by scammers can help you protect yourself and your assets. Here are 5 must-reads about...
Fraud in the Wild: The Strangest Cases You Should Know
Fraudsters are nothing if not creative. Over the years, they’ve devised schemes so unusual that they belong in a YouTube skit. But behind the humour and audacity of these cases lies a serious lesson for businesses: creativity in fraud prevention is just as important as detecting the obvious threats. Case 1: Gregor...