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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Deloitte expects synthetic identity fraud to generate losses of at least $23 billion by 2030. Our intelligent fraud detection software and risk management tools help fraud professionals in their fight against financial crime. financial institutions manage risk and drive growth in a rapidly changing world.

Security 221
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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. . Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don’t change the way they protect corporate data. The vast majority of breaches are reported by employees outside the firm’s security team, researchers added.

Survey 196
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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). Greg Golkin, managing partner at Kitchen Fund, is named as president. Chang’s China Bistro Inc.,

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

The DFI will be headed by Faheen Allibhoy, a country manager responsible for JPMorgan’s West African division. is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030. It’s an honor and privilege to join JPMorgan’s DFI,” said Allibhoy.

National 148
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Elder fraud: Preventing elder financial exploitation at your institution

Abrigo

As the global population of individuals aged 60 and over is projected to increase by 38% between 2019 and 2030, elder abuse and elder financial exploitation (EFE) are becoming increasingly prevalent issues. Elder fraud, a severe form of EFE, continues to grow at an alarming rate. Get the latest information from FinCEN.

Fraud 221
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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

PYMNTS

In the November Intelligence of Things Tracker , PYMNTS examines the forces pushing IoT adoption forward, the security risks holding it back, and how public and private sectors seek to strike the right balance. Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security.

Trends 173