News and analysis on the global fight against fraud
Artificial intelligence (AI) itself is not inherently fraudulent. AI is a field of computer science that focuses on the development of computer systems that can perform tasks that typically require human-like intelligence, such as learning, problem solving and decision making. AI technologies are used in a wide range of applications, including speech recognition, language translation and image recognition.
Read MoreThe U.S. Department of Justice (DOJ) announced in early February 2022 that they had arrested two individuals, Ilya Lichtenstein and his wife Heather Morgan. When the couple was arrested in connection with the theft of cryptocurrency from the Bitfinex cryptocurrency exchange in 2016 and subsequent laundering of the proceeds, it led to one of the most valuable seizures of illicit proceeds in law enforcement history.
Read MoreA fraud case tied to education took some odd twists into the internet’s adult content industry, highlighting financial crime risks that are frequently overshadowed, and understandably so, by concerns related to other illegal activities.
Ralph Puglisi, a 59-year-old accounting manager for a nonprofit organization, University Medical Service Association (UMSA), that supports the University of South Florida’s health care entities, used his oversight of credit cards to embezzle at least $12.8 million over approximately six years.
Read MoreThroughout the COVID-19 pandemic, fraudsters have developed a broad range of insidious schemes to prey on a variety of industries and subjects. A recent spate of attacks have targeted third-party payment and money transfer phone apps, such as Venmo, Cash App, and Zelle. These apps have soared in popularity as people have been making payments from their phones instead of going to banks or handling cash.
Read MoreWith the holidays approaching, it’s important to stay vigilant about possible electronic hacking, especially while traveling. Having to deal with compromised credit cards or identity theft is the last thing anyone wants to wrestle with during this festive and busy time. Here are four ways to keep your devices secure and free from harm this holiday season.
Read MoreNews and analysis on the global fight against fraud.
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