The Department of Health and Human Services said Tuesday that it is freezing all federal child care payments to the state of Minnesota in the wake of a viral video that alleged widespread fraud at child care facilities across the state. In a statement and accompanying video on X, Deputy Secretary Jim O’Neill and Assistant…
The EU’s former foreign policy chief, Federica Mogherini, has been accused of fraud as part of an EU investigation into the misuse of funds, the European Public Prosecutor’s Office (EPPO) has said. The EPPO said searches were carried out on Tuesday at the College of Europe in Bruges, Belgium, headed by Ms Mogherini, as well…
AI scams and fraud continue to evolve. Entersekt, which positions itself as a global leader in digital banking fraud prevention and payment security, today launched the latest enhancements to its modernised digital banking authentication platform. These include Entersekt Orkestrate, a pre-packaged, low-code integration solution that makes it faster and easier to add pre-orchestrated, AI-powered Context…
New York Attorney General Letitia James has pleaded not guilty to federal charges of bank fraud and making false statements to a financial institution. James appeared in court in US District Court in Norfolk, Virginia, on Friday during a brief hearing where her legal team asked for a speedy trial. Speaking outside of the courthouse…
Global losses to scams are now estimated at more than one trillion dollars a year. The United Nations warns that hundreds of thousands of people have been trafficked into Southeast Asia to operate online fraud networks, many disguised as call centers or customer service firms. Their victims are everywhere, on messaging apps, in email inboxes,…
Jason Lane-Sellers Travel fraud and related crime is on the rise worldwide as criminals take aim at the security vulnerabilities of rewards programmes offered by airlines, among other loopholes. According to Jason Lane-Sellers, director of fraud and identity for Europe, Middle East and Africa at LexisNexis Risk Solutions, criminals are hacking into multiple rewards programme…
Globally, fraud is escalating. Rates have nearly doubled from 0.70% in 2023 to 1.39% in early 2025, with 82.9% of surveyed operators reporting a rise in fraud. But the picture varies sharply by region, where Latin America’s fraud rate surged by nearly 32%, while mature markets like Europe and North America also saw increases, though…
Digital fraud is on the rise in South Africa, with the number of incidents reported by the banking sector in the 2024 calendar nearly doubling year on year. The rate of successful incidents is just as endemic, growing by more than two-thirds over the same period. This is according to the South African Banking Risk…
Fraudsters are using AI to create scams that appear more legitimate and convincing. South Africa is witnessing an increase in artificial intelligence (AI)-based fraud schemes, and the threat is set to continue. This is according to the South African Banking Risk Information Centre (SABRIC), which today released its Annual Crime Statistics for 2024. The report…
President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over its refusal to cut interest rates. Trump, in a termination letter to Cook posted on Truth Social, cited allegations by Federal Housing Finance Agency Director Bill Pulte…
