Editor’s note: This is the Part I of a two-part blog post. The image above is from the 2024 theatrical release poster (Amazon MGM Studios ..read more

Criminals in Denmark are using a wide range of tactics to steal Danish consumer savings, scamming Danes out of $2.82 billion in the last 12 months alone – a 62% increase from the year before ..read more

In our latest country-specific report (which follows up on our recent Digital Banking Fraud Trends in EMEA report), BioCatch research shows retail banking customers in Germany see – or at least fall for – fewer of the purchase scams tormenting the rest of the continent (and the world) and encounter more impersonation and investment scams. Most often, these attacks come from native German-speakers residing in Eastern Europe (the English-speaking world primarily sees scams originating in Asia), making these scams appear more legitimate to German victims ..read more

In 2022, I wrote a white paper that recommended several controls banks could deploy to reduce financial scams in Zelle. Some of these recommendations involved slowing down the transactions including ..read more

The Global Anti-Scam Alliance (GASA), together with BioCatch, just released its 2024 State of Scams in Sweden report. It shows Swedes lost $2.75 billion in scams in the last 12 months alone ..read more

I launched the U.S. Secret Service’s Global Investigative Operations Center in August 2017 to serve as the internal fusion center to disrupt and dismantle financially motivated transnational organized criminal groups. At the time, I had extremely limited resources. How limited? It was me and two analysts ..read more

Earlier this week, the UK hosted a ministerial-level fraud summit attended by key people from a number of countries: The English speaking Five Eyes Alliance (USA, Canada, Australia, New Zealand, and the UK), members of the G7, Singapore, and the Republic of Korea. The UK Home Office just published a summary of this gathering ..read more

The following is a conversation with award-winning crime reporter Diamant Salihu, who’s speaking at BioCatch’s Threat Talk Live in Copenhagen on April 23. It’s been translated from Swedish to English ..read more

The one-time password (OTP) has long been hailed as the silver bullet for combating fraud resulting from the compromise of static information such as user IDs, passwords, card numbers, and expiration dates. It empowers customers to protect themselves against unauthorized transactions across e-commerce, internet, and mobile banking platforms. Widely adopted across various sectors, OTP serves as a crucial security measure for safeguarding customer accounts and transactions ..read more

There is so much excitement about Generative AI and how it will change business, finance, medicine, education, and more. It has been less than 18 months since the announcement of OpenAI ChatGPT, Anthropic and other new solutions. Those in the fraud prevention community – both practitioners and vendors – anticipate seeing the benefits of Gen AI at work. But with the technology still being so new for actual deployments, there is concern on how it should be properly implemented. And we have historical perspective to learn from going back over 25 years ..read more