Property crimes

Sardine Launches First Fraud Prevention as a Service (FaaS) for Next-Gen Crypto and Digital Financial Institutions

Retrieved on: 
Thursday, March 25, 2021
Property crimes, Crime, Crimes, Deception, Fraud, Tort law, Faas, Financial crime

SAN FRANCISCO, March 25, 2021 /PRNewswire-PRWeb/ -- Sardine today launches the first fraud prevention as a Service (FaaS) for digital businesses designed to detect all types of financial crimes, from identity fraud at account opening through to payment fraud at account funding.

Key Points: 
  • SAN FRANCISCO, March 25, 2021 /PRNewswire-PRWeb/ -- Sardine today launches the first fraud prevention as a Service (FaaS) for digital businesses designed to detect all types of financial crimes, from identity fraud at account opening through to payment fraud at account funding.
  • Sardine is the first fraud prevention as a Service (FaaS) solution truly built for digital businesses, helping companies scale and grow with zero fraud," said Soups Ranjan, Co-Founder & CEO of Sardine.
  • "Sardine is already helping several neobanks and crypto companies take care of all their fraud needs.
  • Sardine is the first fraud prevention as a service (FaaS) solution, built from the ground-up for digital businesses and financial institutions.

Five arrests in hit against investment fraudsters

Retrieved on: 
Thursday, March 25, 2021
Crime, Agencies of the European Union, Law enforcement in Europe, Property crimes, Criminal investigation, Europol, Fraud, Articles, Government

This placement fraud caused an estimated 1.5 million in damages

Key Points: 
  • This placement fraud caused an estimated 1.5 million in damages

    On 4 March 2021, Europol supported a hit on a large investment fraud network operating in several EU Member States.

  • The action day in Lithuania led to:

    Fake retirement plan fraud worth 1.5 million unveiled

    The criminal network was specifically targeting academics in Germany.

  • The victims were interested in investing their funds in saving accounts hosted on foreign online deposit platforms.
  • During the action days, Europol cross-checked operational information in real-time against Europols databases to provide leads to investigators in the field.

Total Identity Fraud Losses Soar to $56 Billion in 2020

Retrieved on: 
Tuesday, March 23, 2021
Data management, Banking, Technology, Professional services, Women, Seniors, MEN, Security, Software, Consumer, Finance, Crime, Property crimes, Fraud, Crimes, Deception, Articles, Tort law, Human behavior, Identity fraud, Internet fraud prevention, Mass marketing fraud, Data management, Banking, Technology, Professional services, Women, Seniors, MEN, Security, Software, Consumer, Finance, Crime, Property crimes, Fraud, Crimes, Deception, Articles, Tort law, Human behavior, Identity fraud, Internet fraud prevention, Mass marketing fraud

While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost.

Key Points: 
  • While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost.
  • While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost.
  • As consumers relied increasingly on digital payment products during 2020, identity fraud scams kept pace with this shift in behavior.
  • This was particularly notable in the case of economic stimulus payment fraud, unemployment benefits fraud, and identity fraud scams.

 FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers

Retrieved on: 
Wednesday, March 17, 2021
Technology, Finance, Security, Banking, Other Technology, Professional services, Software, Networks, Internet, Computer security, Crime, Property crimes, Crimes, Deception, Fraud, Tort law, Cybercrime, Articles

FiVerity, Inc., a leading provider of cyber fraud detection and threat intelligence, announces today that it closed a $2 million round of financing to expand its cyber fraud detection and threat intelligence platform, which addresses growing types of cyber fraud for financial institutions.

Key Points: 
  • FiVerity, Inc., a leading provider of cyber fraud detection and threat intelligence, announces today that it closed a $2 million round of financing to expand its cyber fraud detection and threat intelligence platform, which addresses growing types of cyber fraud for financial institutions.
  • FiVeritys machine-learning platform detects and prevents new and existing types of fraud more effectively than current alternatives at banks, credit unions, credit card providers and other financial institutions.
  • Weve seen significant customer growth and market acceptance with FiVerity since their launch and expect major growth in the year ahead.
  • FiVerity, Inc., is a groundbreaking cyber fraud detection company, utilizing machine learning and secure identity management to prevent sophisticated forms of cyber fraud.

Rhode Island Man Sentenced to 30 Months on Multiple Fraud Charges, Including Amazon Return Scheme

Retrieved on: 
Tuesday, March 16, 2021
Legal, Other Consumer, Technology, Other Retail, Security, Professional services, Consumer, Retail, Online Retail, Crime, Fraud, Crimes, Property crimes, Deception, Tort law, Articles, Identity theft, Theft, Amazon, Publishing

On Friday, March 12, The U.S. District Court of Rhode Island sentenced Michael Chaves to 30 months in federal prison for operating a fraudulent product return scheme and defrauding Amazon of more than $50,000, as well as other charges including bank fraud, wire fraud, falsification of records, aggravated identity theft, and tax evasion.

Key Points: 
  • On Friday, March 12, The U.S. District Court of Rhode Island sentenced Michael Chaves to 30 months in federal prison for operating a fraudulent product return scheme and defrauding Amazon of more than $50,000, as well as other charges including bank fraud, wire fraud, falsification of records, aggravated identity theft, and tax evasion.
  • We work hard to build a great shopping experience and that includes a seamless, customer-friendly returns policy.
  • We are grateful to the United States Attorneys Office for the District of Rhode Island in their thorough pursuit of this case.
  • Amazon has teams and systems in place to proactively detect, investigate, and stop suspicious behavior and prohibited activity.

Consumer fraud affects 1 in 4 Europeans

Retrieved on: 
Monday, March 15, 2021
Fraud, Crime, Property crimes, Victims' rights, Articles, Mobile tower fraud, Chargeback fraud

Every year across Europe, millions of Europeans are victims of consumer fraud.

Key Points: 
  • Every year across Europe, millions of Europeans are victims of consumer fraud.
  • They are cheated or misled about their purchases, or they experience payment card fraud.
  • FRAs Crime, safety and victims rights report reveals that:

    FRA calls on EU countries to improve consumer protection and guarantee victims of fraud can access their rights.

  • Countries should ensure that victims can report fraud easily, the police effectively investigate fraud, and vulnerable victims receive the support they need.

FICO Recognized by Chartis as Category Leader for Enterprise Fraud Solutions

Retrieved on: 
Monday, March 8, 2021
Property crimes, Articles, Finance, Economy, Crimes, Deception, Fraud, Tort law, FICO, Analytics, Financial crime

FICO was recognized as the Category Leader for Enterprise Fraud Solutions in 'Financial Crime Risk Management Systems: Enterprise Fraud; Market Update and Vendor Landscape, 2021'

Key Points: 
  • FICO was recognized as the Category Leader for Enterprise Fraud Solutions in 'Financial Crime Risk Management Systems: Enterprise Fraud; Market Update and Vendor Landscape, 2021'
    Global analytics software provider FICO, today announced that it has been named the Category Leader for Enterprise Fraud Solutions in the Chartis 2021 RiskTech Quadrant report, for the third year in a row.
  • "FICO's ranking as Category Leader reflects its best-in-class enterprise fraud management solutions, which had the highest possible ratings for advanced fraud detection techniques, libraries of pre-packaged fraud rules, and card fraud," said Phil Mackenzie, senior research specialist at Chartis Research.
  • "FICO also delivers advanced fraud-detection capabilities in mobile fraud, electronic payments fraud, and real-time transaction monitoring, via an integrated cloud-ready platform."
  • "FICO is proud to have its cutting-edge solutions recognized by Chartis as the category leader in financial crime risk management systems," said Tim Van Tassel, vice president, product management.

Statement - Minister Mendicino marks Fraud Prevention Month

Retrieved on: 
Friday, March 5, 2021
Crime, Crimes, Property crimes, Deception, Fraud, Tort law, Articles

"The Government of Canada continues to take meaningful action to root out immigration fraud and protect those who wish to come here.

Key Points: 
  • "The Government of Canada continues to take meaningful action to root out immigration fraud and protect those who wish to come here.
  • We've implemented several new measures to strengthen our system, from increased oversight of applications to public awareness campaigns around the world.
  • "Immigration fraud targets people who want to come to Canada in good faith.
  • March is Fraud Prevention Month.

Feedzai’s Financial Crime Report: Fraud Attacks Skyrocketed in 2020

Retrieved on: 
Thursday, March 4, 2021
Property crimes, Crime, Articles, Crimes, Deception, Fraud, Tort law, Feedzai, Money laundering, Financial crime, Bank, Internet fraud prevention

Leverage rules, machine learning, and data analytics to detect and prevent fraud and financial crime.

Key Points: 
  • Leverage rules, machine learning, and data analytics to detect and prevent fraud and financial crime.
  • 2020 was a year of rapid growth in financial crime.
  • Access Feedzais Quarterly Financial Crime Report to learn more about the latest fraud and consumer trends.
  • Feedzai has one mission: to make banking and commerce safe by combining fraud prevention and anti-money laundering under one platform to manage financial crime.

ICCRC participates in Fraud Prevention Month 2021 #FPM2021

Retrieved on: 
Monday, March 1, 2021
Fraud, Crime, Crimes, Property crimes, Immigration Consultants of Canada Regulatory Council, Immigration to Canada, Canadian Anti-Fraud Centre

BURLINGTON, Ontario, March 01, 2021 (GLOBE NEWSWIRE) -- The Immigration Consultants of Canada Regulatory Council (ICCRC) is pleased to again participate in Canadas national Fraud Prevention Month, in collaboration with the Competition Bureau, the RCMP, and the Canadian Anti-Fraud Centre.

Key Points: 
  • BURLINGTON, Ontario, March 01, 2021 (GLOBE NEWSWIRE) -- The Immigration Consultants of Canada Regulatory Council (ICCRC) is pleased to again participate in Canadas national Fraud Prevention Month, in collaboration with the Competition Bureau, the RCMP, and the Canadian Anti-Fraud Centre.
  • There are many forms of fraud and scams which have long-lasting consequences for their victims, and immigration fraud can have devastating impacts on individuals and families hoping to make Canada their home.
  • We emphasize this during Fraud Prevention Month but we really focus on this year-round.
  • Please join the fight against immigration fraud by following our accounts, sharing our fraud prevention tips, and using the following hashtags.