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Now available: The State of Financial Crime 2025

Fraud

With fraud on the rise, associated losses are estimated to reach over $41 billion by 2027, representing a 25 percent increase since 2020. Our 2023 tech and talent survey echoed this trend, with 62 percent of respondents saying they had […]

Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what […]

Due to economic pressures, businesses have undergone both external and internal changes that can make them susceptible to exploitation. The numbers are evidence of this, as the total amount of global e-commerce fraud losses for 2022 reached a staggering $41 […]

Over 50 percent of companies disclosed they were victims of fraud between 2020 and 2022, according to PwC’s Global Economic Crime and Fraud Survey 2022. This is the highest percentage of fraud seen in the last two decades of research […]

During seasons of economic volatility, businesses have historically faced numerous enhanced risks to their operations, such as supply chain disruption, staff retention, and cyber threats. In 2023, this has led to an increase in fraudulent activities as fraudsters use advanced […]

According to payment systems company ACI Worldwide, 20 percent of global consumers surveyed in 2022 reported losing money to fraudsters within the past four years. Of those surveyed, 27 percent reported being victims of authorized push payment (APP) scams. In […]

Triangulation fraud is a big concern for financial firms, yet it can be challenging to detect because, at first glance, all the actors appear legitimate. Firms can improve triangular fraud detection and prevention with smart software that utilizes artificial intelligence […]

If you’ve found this article, the chances are you’re looking for: A fraud detection tool that’s powerful, efficient, and scalable. A way to quickly tell what differentiates leading solutions. How respected third parties assess top fraud and AML vendors’ capabilities. […]