I am writing this in September, while everyone is still talking about the Revolut breach. By the time you read it, another scam, breach or AI tool may be dominating the conversation. So rather than write another postmortem, I want to use the case to think about something broader that has to do with risk. […]
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 […]
After decades of economic sanctions and other pressures from the West, Iran and its 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 […]
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 […]
