News
Cybercrime is low risk, low investment, and high return. Not surprisingly, illegal financial gain is one of the biggest reasons for cyber-attacks. The result is a predicted USD 10 Trillion of damages by 2025. Our vision is to change that.
New York, NY [June 6, 2024] — CYBERA, a leading provider of advanced reporting and prevention tools to combat scams and fraud, has been honored with the prestigious Technology Pioneer award by the World Economic Forum. The World Economic Forum’s Technology Pioneers are early-stage companies from around the world that are involved in the design, […]
readAs ever the UK Finance fraud loss figures make for interesting reading. There have been a number of changes in the last year with some clearly positive signs yet with some worrying trends. The key points are: · Overall fraud loss by value down 4% to £1.17bn · Unauthorised Fraud prevention up 7% to £1.2bn […]
readLast month the FBI published their latest IC3 2023 Internet Crimes Report which, as always, makes for interesting reading. The report highlights the continued growth in both volume and value of scams (or authorised frauds) and that this is a clear and present danger to be tackled. Key points: · Total reported losses up 21% […]
readCYBERA, a leading provider of advanced reporting and prevention tools to combat scams and fraud, has announced a strategic partnership with Scorechain, a premier European provider of Blockchain Analytics and AML/Compliance Solutions. This partnership marks a significant milestone in the blockchain industry, combining Scorechain’s expertise in analytics with CYBERA’s cutting-edge solutions for scam response & […]
read[New York, NY] February 5, 2024: CYBERA, a leading provider of advanced reporting and prevention tools to combat scams and fraud, today announced an integration with Chainalysis, the blockchain data platform. CYBERA WATCHLIST™, an AI-driven global dataset that detects and prevents cyber-related financial crime, including scams, is now integrated with Chainalysis investigation solutions and data […]
readIn mid-December, just before Christmas the Payments Systems Regulator (PSR) gave UK banking customers an early Christmas present, by confirming the enforcement date for the its new Reimbursement Requirement. This requirement is for paying PSPs, subject to exemptions and rules, to refund victims of APP frauds using Faster Payments 100% of their losses. The beneficiary […]
readAnother busy year here at CYBERA and globally for fraud. As is traditional at this time of year, lets look at how our predictions from a year ago worked out: 1. Continued authorised frauds at similar or increasing levels. I think I go that fairly obvious one. UK losses are essentially flat, and countries everywhere […]
readIt often feels like doom and gloom when talking about fraud, but the latest fraud figures from UK Finance show there is some light in the fight against fraud and scams. In this blog, I’ll give an overview of the numbers concentrating on remote payments and APP frauds as well as the recent UK Government […]
readThe collaboration’s proactive and reactive measures have assisted over 100 users in documenting fraud, and liaising with law enforcement to better secure the crypto ecosystem. [New York, NY] December 5, 2023 CYBERA Global Inc. a leading provider of advanced reporting and prevention tools to combat scams and fraud today announced the success of their partnership […]
readThe Financial Conduct Authority (FCA) has just completed a multi-firm review of fraud prevention controls and complaints handling, focused on APP fraud. The review has happened as the UKs APP problem is still large, with Authorised Push Payment Fraud (APP) losses of £239.3m for H1 2023 vs. £241.9 down 1% in H1 2022. However, case […]
readEuropol recently published a report into economic crime in Europe, detailing how organised criminal gangs (OCGs) are abusing the financial services ecosystem and its recent innovations. Agreeing with the recent Moneyval report, this Europol report also highlights that asset seizures are too low, at under 2% of proceeds of crime. What are the key points […]
readThe UK is clearly on roll in terms of new legislation to tackle economic crime, whether fraud and scams, terrorist financing or money laundering. Another new bill, the Economic Crime and Corporate Transparency Bill, is aimed at helping reduce economic crimes, i.e., fraud and money laundering, is passing through the legislative process now. Whilst in […]
readYour Industry
Community
