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News

Asian Banking & Finance
asianbankingandfinance.net > banking-technology > exclusive > ai-raises-bank-fraud-risks-australia-faces-control-gaps

AI raises bank fraud risks as Australia faces control gaps

1+ hour, 8+ min ago   (799+ words) AUSTRAC has found potentially hundreds of millions of dollars in fraudulent loans. Bank fraud in Australia is becoming harder to detect as criminals use artificial intelligence (AI) to forge identities and documents, whilst weaknesses in lending controls and legal protections…...

NewsBreak
newsbreak.com > the-financial-wire-38/27/10013 > 4844872558021-a-miami-man-agreed-to-give-up-two-ferraris-and-mansions-in-miami-beach-and-the-virgin-islands-and-repay-the-irs-34-8-million-after-pleading-guilty-to-tax-fraud

A Miami man agreed to give up two Ferraris and mansions in Miami Beach and the Virgin Islands and repay the IRS $34.8 million after pleading guilty to tax fraud.

5+ hour, 20+ min ago   (191+ words) Free retirement updates: Miss an enrollment or claim deadline and it may be gone. The free Retirement Shield newsletter keeps readers ahead of the ones that matter. Get the free newsletter. This article was researched and drafted with the assistance…...

KuCoin
kucoin.com > news > flash > zachxbt-s-new-website-to-exclude-7-countries-from-crypto-fraud-investigations

ZachXBT's New Website to Exclude 7 Countries from Crypto Fraud Investigations

13+ hour, 55+ min ago   (354+ words) The crypto industry has seen a massive influx of attackers using different techniques to scam investors, exchanges, wallet addresses, and a lot more. And often ZachXBT, a pseudonymous American blockchain investigator, has uncovered many frauds in the hunt for the…...

Argus English
argusenglish.in > crime > networking-scam-warning-dont-fall-for-minnow-investment-big-return-claims-berhampur-bust-shows-the-trap-special-report

Networking Scam Warning: Don’t Fall for Minnow Investment, Big Return Claims; Berhampur Bust Shows the Trap| Special Report

7+ hour, 40+ min ago   (1056+ words) Bhubaneswar: A few thousand rupees may look like a “minnow” investment. But when someone uses that small entry amount to promise a big monthly income, easy financial freedom or fast-growing returns, it should be treated as a warning sign, not…...

Ahram Online
english.ahram.org.eg > NewsContent > 1 > 1233 > 575131 > Egypt > Courts-amp;-Law > Egypt-arrests-school-owner-over-EGP--mln-fraud-usi.aspx

Egypt arrests school owner over EGP 321 mln fraud using parents’ data - Courts & Law - Egypt

4+ hour, 37+ min ago   (769+ words) The Public Prosecution ordered on Sunday the detention of the chairman of the board of an international school for obtaining credit facilities, totaling EGP 321 million, in the names of several students’ parents without their knowledge. In a statement, the prosecution…...

The Sydney Morning Herald
smh.com.au > business > banking-and-finance > frighteningly-easy-how-fake-ai-payslips-fuel-mortgage-fraud-20260820-p60q6s.html

‘Frightening’: How fake AI payslips fuel mortgage fraud

4+ hour, 8+ min ago   (904+ words) August 24, 2026 — 5:00am Bank bosses are generally among the most enthusiastic artificial intelligence evangelists in the corporate world. AI can not only cut costs, they claim, it can also improve customer service and even protect people from scammers and others who are…...

The Daily Star
thedailystar.net > business > economy > news > fake-online-loans-lead-borrowers-costly-traps-4255161

Fake online loans lead borrowers into costly traps

5+ hour, 2+ min ago   (1114+ words) Scammers reach people in many ways, including phone calls, text messages and social media advertisements. But recent accounts from victims show that Facebook has become a favourite hunting ground, especially for lower and middle-income people facing financial difficulties and with…...

AOL.com
aol.com > articles > made-nonemployees-look-construction-company-173036000.html

They Made Nonemployees Look Like Construction Company Workers, Then Life Insurance Claims Paid Nearly $382,000, Florida Says - AOL

6+ hour, 18+ min ago   (649+ words) A Florida life insurance agent and her husband are accused of using their construction company in a scheme that made nonemployees appear eligible for group life insurance before death claims generated nearly $382,000. Christine Ann Nunzio, 56, and Phillip Salvatore Nunzio Jr.,…...

CryptoRank
cryptorank.io > news > feed > 23afa-crypto-scams-watch-term-labs-hit-by-8-5m-governance-exploit

Crypto Scams Watch: Term Labs Hit by $8.5M Governance Exploit | Market Altcoin | CryptoRank.io

6+ hour, 26+ min ago   (681+ words) Term Labs, in its recent X post, confirmed a governance exploit affecting its vaults on Aug. 23, 2026. The incident drew broader coverage of crypto scams after security firms tracked roughly $8.5 million in outflows. The attack involved Ethereum assets, and USDC held…...

The Manila Times
manilatimes.net > 08/24/2026 > tmt-newswire > gcash-rolls-out-facial-verification-for-gloan-free-loan-scam-insurance > 2410465

GCash rolls out facial verification for Gloan, free loan scam insurance

7+ hour, 5+ min ago   (163+ words) FUSE Financing Inc., the lending arm of GCash, has introduced facial verification for GLoan, adding a stronger layer of identity authentication to protect users against unauthorized loan applications and fraud. This new feature builds on existing safeguards, including the recent…...