Tag: fraud
Spark to a flame: Tesla’s Elon Musk sued for securities fraud
For the latest on this story, please turn to this update.
Elon Musk, founder and CEO of Tesla and SpaceX, is in trouble in the...
DWP targets benefits fraud gangs with AI
NEWSBYTE The UK's Department for Work and Pensions (DWP) has developed an artificial intelligence (AI) system to tackle criminal gangs that are attempting benefits...
Cyber attack could cost bank half of its profits, warns IMF
Cyber risk has emerged as a significant threat to the financial system, according to a new report from the International Monetary Fund (IMF).
Although hardly...
PayPal snaps up fraud prevention player Simility for $120m
NEWSBYTE PayPal has announced that it is to acquire fraud prevention and risk management platform, Simility, for $120 million in cash.
The acquisition, which is...
Serious Fraud Office hires AI lawyer: a Rolls Royce solution?
AI that can work 2,000 times faster than a human lawyer has been deployed to help tackle fraud and corruption in the UK.
The Serious...
HSBC employs AI fraud detection in $2.3bn tech spree
Europe’s largest bank has spent $2.3 billion on digital platforms, AI, and other tech.
HSBC has revealed a partnership with UK start-up Quantexa, whose AI...
Mastercard aims to boost IoT security with NuData acquisition
Mastercard, the financial services company, has entered into an agreement to acquire NuData Security, a global technology provider that aims to help enterprises prevent...