scam
When Account Takeover Prevention Goes from ‘Strategy’ to ‘Gamble’
Account takeover doesn’t begin at login. Fraud prevention cannot afford to begin there either. By Craig Currim| SVP, Global Solutions Engineering & Strategy at Memcyco At Fraud Fight Club Round III, one question kept surfacing. Are we making fraud decisions too late in the attack lifecycle?Across discussions with fraud, security, and risk...
Famous Faces, Big Scams: A Deep Dive into Celebrity Fraud Cases
Even celebrities with fame, wealth, and powerful teams can fall victim to fraud. From financial scams to impersonation and romance fraud, many famous people have been deceived—sometimes losing millions of dollars in the process. In this article, we’ll explore shocking real-life cases of famous scam victims, highlight the red flags, and share...
AI-Enabled Fraud Is Scaling Faster Than Identity Defenses
AI Is Rewriting the Economics of Fraud. Is Identity Keeping Up? In a rapidly evolving identity landscape it becomes increasingly difficult to stay on top of fraud, technology, and regulatory trends. Prove has partnered with Liminal to conduct a comprehensive analysis across industries and deliver a report on the State of Identity....
Stablecoins Are Redefining Identity Requirements for Global Money Movement
Introduction Fraud is accelerating in both scale and sophistication, creating friction for consumers, operational strain for businesses, and significant financial losses across industries. As technology evolves and payment flows move faster, many organizations are struggling to keep pace with new attack vectors and shifting regulatory expectations. To fully understand these risks, Prove...
Entering the Era of Non-Human Consumers
Fraud teams have spent decades refining how they evaluate risk. The process usually begins with a familiar premise. A person initiates an action, and a system determines whether that person can be trusted. That premise is gone. Across technology roadmaps from companies such as OpenAI, Google, and Microsoft, a new model of...
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...
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...
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...
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,...