Until telehealth, there may never have been a better example of the fraud axiom that everything we do to make it easier for the consumer also makes it easier for the crooks. Telehealth was supposed to be the key to unlock access to health care, replacing waiting rooms with video calls and having prescriptions written […]
Li Xiong, past chairman of the Huione Group, was extradited from Cambodia to China last week, in another blow towards organized crime in Southeast Asia focused on generating revenue from fraud schemes. The Huione Group was a corporate network of companies that enabled money laundering on a massive scale for scam centers in Southeast Asia […]
The conflict between the US, Israel, and Iran has so far caused more than 60,000 flight cancellations since late February, affecting an estimated 6 million passengers and opening the door to a wave of travel chargebacks. At seven major regional airports including Dubai, Doha, and Abu Dhabi, cancellations exceeded 21,300 flights. Airlines, travel platforms, and […]
After decades of economic sanctions and other pressures from the West, Iran and it’s fundamentalist regime still manage to maintain a large and lethal military. This is done in a variety of ways including state funding, Iranian Republican Guard Corps (IRGC) corporate and economic activity, diversion of resources from civilian programs, and funding of its […]
Brian Davis is the VP of Marketing & Community at Safeguard – an AI-native community for fraud, identity, and compliance leaders across fintech, banking, crypto, and payments. Founded by the creators of Money20/20, Fintech Meetup, Shoptalk, and Future Proof, Safeguard’s AI-focused events are purpose-built to foster immersive learning and deep connections. Safeguard’s inaugural AI Deepdive […]
Fraud has now cemented itself as one of the top five global crime threats, alongside drug trafficking and money laundering, according to the second edition of the Global Financial Fraud Threat Assessment by Interpol. The numbers alone are staggering. Global losses from financial fraud reached an estimated $442 billion in 2025, with law enforcement seeing […]
Roy Daya is the CEO of POVA, a company that provides its namesake private intelligence tool to owners and their counsel. POVA builds behavioral baselines from operational data to surface early‑stage fraud and manipulation patterns — and quietly harden the processes that enable them. Unfortunately, due to technical difficulties, the video recording of this interview […]
Fraud teams obsess over disputes. Network monitoring thresholds. Chargeback win rates. Prevention alert integrations. Ratio management. All are important. But if disputes are your primary performance lens, you are optimizing against a lagging signal. Authorization is what sets the trajectory for a merchant’s processing portfolio. By the time a chargeback arrives, the authorization decision is […]
Anti-money laundering (AML) professionals are often heard to lament filing piles of Suspicious Activity Reports (SAR) that go into a proverbial black hole, never to be seen or heard from again. I may have lent my voice to that chorus over the years as well. A SAR is the result of an AML investigation where […]
India, with a population of 1.5 billion people, represents close to one-fifth of the global population and a rapidly growing market for goods and services. It also has its fair share of problems with fraud. That is why, last month, Fraudbeat took time to interview Ajay Kumar, Risk Manager at one of the leading banks […]
