ADVERTISEMENT
Market news, analysis & forecast powered by
Preview Mode
News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
What are you looking for?
What are you looking for?
Subscribe to our News & Services
All News
Retail FX
Institutional FX
Fintech
Payments
Cryptocurrency
Executives
Thought Leadership
FMTV
Trending
Education
Forex Education
Cryptocurrency Education
Fintech Education
Industry Terms
Directory
Events
Intelligence
Quarterly Intelligence Reports
Annual Subscription
Custom Reports
About Us
Contact us
Terms of Use
Privacy
Market News
by
Subscribe to our News & Services
FM ALL News
FM Crypto
Follow us on Twitter
Follow us on Linkedin
FM Home
>
Fraud
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Gold and Silver: A Correlated Duo
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Gold and Silver: A Correlated Duo
Thought Leadership
ADVERTISEMENT
fraud
Search for a tag
Regulation
Aussie Watchdog Seeks Tech Partner for 5-Year Fraud Fight
2024-09-19T08:07:03.119+02:00
ASIC builds on its successful takedown of over 7,300 fraudulent sites since July 2023.
The move aims to enhance Australia's fight against online financial fraud, which cost investors $1.3 billion last year.
T
h
u
r
s
d
a
y
,
1
9
/
0
9
/
2
0
2
4
|
0
6
:
0
7
G
M
T
by
Damian Chmiel
Payments
Card Fraud Grips UK Residents: Victims Lost Almost £60 Million in Three Years
2024-09-05T12:12:04.227+02:00
Credit card frauds were more common, followed by debit card frauds.
A total of 10,868 victims reported losses due to card fraud between 2021 and 2023.
T
h
u
r
s
d
a
y
,
0
5
/
0
9
/
2
0
2
4
|
1
0
:
1
2
G
M
T
by
Arnab Shome
CryptoCurrency
Bitcoin ATM Scams Surge: $110 Million Lost in 2023, Older Hit Hardest
2024-09-04T10:54:58.388+02:00
Bitcoin ATM fraud rose tenfold since 2020, according to the FTC.
Victims are pressured to act quickly, but authorities recommend caution and verification.
W
e
d
n
e
s
d
a
y
,
0
4
/
0
9
/
2
0
2
4
|
0
8
:
5
4
G
M
T
by
Tareq Sikder
Trending
NovaTech’s $650 Million Crypto Fraud
2024-08-14T10:00:36.673+02:00
SEC charges NovaTech and its founders with a $650 million crypto Ponzi scheme.
NovaTech lured in 200,000 victims, but most funds went to earlier investors and promoters.
The scandal is a harsh reminder of the risks and frauds plaguing the crypto industry.
W
e
d
n
e
s
d
a
y
,
1
4
/
0
8
/
2
0
2
4
|
0
8
:
0
0
G
M
T
by
Louis Parks
CryptoCurrency
Bitclout’s Founder ‘Illegally’ Raised $257 Million: Faces Fraud Charges
2024-07-31T07:50:40.321+02:00
Nader Al-Naji allegedly misappropriated $7 million of investor funds.
He was arrested last Saturday.
W
e
d
n
e
s
d
a
y
,
3
1
/
0
7
/
2
0
2
4
|
0
5
:
5
0
G
M
T
by
Arnab Shome
Payments
Paris Olympics 2024: A Playground for Cybercriminals?
2024-07-18T21:03:03.747+02:00
Experts warn of increased phishing attacks during Paris 2024 Olympics.
Less than half of fraud cases are reported to French police, per BioCatch.
T
h
u
r
s
d
a
y
,
1
8
/
0
7
/
2
0
2
4
|
1
9
:
0
3
G
M
T
by
Pedro Ferreira
Payments
Tackling APP Scams: The UK's Bold Steps to Protect Consumers from Fraud
2024-07-10T17:00:00.000+02:00
The PSR tackles APP scams with new reimbursement rules and enhanced fraud prevention.
APP scam victims to receive timely reimbursements under new regulations.
W
e
d
n
e
s
d
a
y
,
1
0
/
0
7
/
2
0
2
4
|
1
5
:
0
0
G
M
T
by
Pedro Ferreira
ADVERTISEMENT
Retail FX
FSMA Reports 44% Rise in Fraud Complaints with Half Linked to Crypto Scams
2024-07-04T11:16:13.840+02:00
The organization received 1,332 consumer reports of unlawful activities in the first six months.
“Recovery room" fraud saw a 59% increase compared to the same period in 2023.
T
h
u
r
s
d
a
y
,
0
4
/
0
7
/
2
0
2
4
|
0
9
:
1
6
G
M
T
by
Tareq Sikder
Retail FX
Court Sentenced Him to 4 Years in Prison, Now FCA Urges Investors to Claim Compensation
2024-06-20T09:43:59.987+02:00
The regulator calls on victims of Hudson's fraudulent activities to claim their share of court-ordered compensation.
He was sentenced to 4 years behind bars in 2021 for his operations.
T
h
u
r
s
d
a
y
,
2
0
/
0
6
/
2
0
2
4
|
0
7
:
4
3
G
M
T
by
Damian Chmiel
Payments
How Gaming and Payments Become Playgrounds for AI-powered Identity Theft
2024-06-03T14:01:16.160+02:00
AU10TIX 2024 Global Identity Fraud Report paints a concerning picture.
M
o
n
d
a
y
,
0
3
/
0
6
/
2
0
2
4
|
1
2
:
0
1
G
M
T
by
Pedro Ferreira
Payments
10 Major Banks Join Swift's AI Initiative to Combat $485B in Frauds
2024-05-30T10:13:56.162+02:00
Swift has launched two pilots to enhance fraud detection in cross-border payments.
The initiative aims to leverage AI technology to save the industry billions in fraud-related costs.
T
h
u
r
s
d
a
y
,
3
0
/
0
5
/
2
0
2
4
|
0
8
:
1
3
G
M
T
by
Damian Chmiel
Retail FX
Former DanFX Director Gets Over 7 Years in Jail for Fraud
2024-05-27T07:50:41.325+02:00
He misappropriated investors’ funds and even paid off early investors like a Ponzi scheme.
He has been in prison since November 2021.
M
o
n
d
a
y
,
2
7
/
0
5
/
2
0
2
4
|
0
5
:
5
0
G
M
T
by
Arnab Shome
CryptoCurrency
Singaporean Woman Sentenced in £3 Billion Bitcoin Fraud Case
2024-05-25T13:12:02.719+02:00
Wen Jian will spend six years and eight months in prison for money laundering.
She was accused of converting BTC into cash and property to conceal the proceeds of a $6.4B scheme.
S
a
t
u
r
d
a
y
,
2
5
/
0
5
/
2
0
2
4
|
1
1
:
1
2
G
M
T
by
Damian Chmiel
Payments
Mastercard Fights Back on Scams and Fraud
2024-05-24T17:00:00.000+02:00
The double-edged sword of digital trust.
F
r
i
d
a
y
,
2
4
/
0
5
/
2
0
2
4
|
1
5
:
0
0
G
M
T
by
Pedro Ferreira
ADVERTISEMENT
Payments
How Fraudsters Are Shifting Tactics in the Digital Age
2024-05-23T17:00:00.000+02:00
Sophisticated scams require sophisticated solutions.
T
h
u
r
s
d
a
y
,
2
3
/
0
5
/
2
0
2
4
|
1
5
:
0
0
G
M
T
by
Pedro Ferreira
Thought Leaders
Memcyco Report Sheds Light on Companies’ Inability to Protect Customers from Digital Fraud
2024-05-21T19:44:36.634+02:00
The survey was conducted on behalf of Memcyco by Global Surveyz Research.
T
u
e
s
d
a
y
,
2
1
/
0
5
/
2
0
2
4
|
1
7
:
4
4
G
M
T
by
FM
Payments
UK's Reimbursement Plan Shakes Up Payments Industry
2024-05-16T12:55:42.680+02:00
From wild west to robin hood.
T
h
u
r
s
d
a
y
,
1
6
/
0
5
/
2
0
2
4
|
1
0
:
5
5
G
M
T
by
Pedro Ferreira
CryptoCurrency
Canadian “Crypto King” Arrested and Charged for $30 Million Fraud
2024-05-16T07:31:05.137+02:00
The authorities charged him with fraud and money laundering.
He was released on a $100,000 bail bond, signed by his parents.
T
h
u
r
s
d
a
y
,
1
6
/
0
5
/
2
0
2
4
|
0
5
:
3
1
G
M
T
by
Arnab Shome
Retail FX
FCA Charges Trio in £8M Pension Fraud Scandal Involving CFDs
2024-05-15T12:17:01.246+02:00
High commissions for the accused resulted in victims almost entirely losing their funds.
Three individuals face multiple charges, including fraud by false representation.
W
e
d
n
e
s
d
a
y
,
1
5
/
0
5
/
2
0
2
4
|
1
0
:
1
7
G
M
T
by
Damian Chmiel
Payments
Why Your Receipt Might Be Lying to You
2024-05-13T18:00:00.000+02:00
The great digital deception.
M
o
n
d
a
y
,
1
3
/
0
5
/
2
0
2
4
|
1
6
:
0
0
G
M
T
by
Pedro Ferreira
Payments
The Growing Threat of CNP Fraud
2024-05-13T18:00:00.000+02:00
Understanding the silent swipe.
M
o
n
d
a
y
,
1
3
/
0
5
/
2
0
2
4
|
1
6
:
0
0
G
M
T
by
Pedro Ferreira
ADVERTISEMENT
Payments
The Sneaky Art of Stealing Credit Card Numbers
2024-05-08T18:00:00.000+02:00
How Visa's new AI fights back.
W
e
d
n
e
s
d
a
y
,
0
8
/
0
5
/
2
0
2
4
|
1
6
:
0
0
G
M
T
by
Pedro Ferreira
Retail FX
The Fugitive of an FX Pool Trading Fraud to Pay over $11 Million
2024-04-29T09:29:46.133+02:00
The court ordered the hefty payment as both recovery and a civil penalty.
The fraudster is also facing criminal charges of wire fraud and money laundering.
M
o
n
d
a
y
,
2
9
/
0
4
/
2
0
2
4
|
0
7
:
2
9
G
M
T
by
Arnab Shome
Payments
Deepfakes Take Center Stage in Financial Fraud
2024-04-10T18:00:00.000+02:00
Unveiling the puppets of profit.
W
e
d
n
e
s
d
a
y
,
1
0
/
0
4
/
2
0
2
4
|
1
6
:
0
0
G
M
T
by
Pedro Ferreira
Payments
Retail Hemorrhage: Global Fraud Eats $429 Billion While Consumers Take a Beating
2024-04-09T18:00:00.000+02:00
The fight against retail fraud is an ongoing battle, but not an unwinnable one.
T
u
e
s
d
a
y
,
0
9
/
0
4
/
2
0
2
4
|
1
6
:
0
0
G
M
T
by
Pedro Ferreira
See more
Next
ADVERTISEMENT
ADVERTISEMENT
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}
!
"
#
$
%
&
'
(
)
*
+
,
-
.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
[
\
]
^
_
`
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
w
x
y
z
{
|
}