F5 has introduced Shape AI Fraud Engine (SAFE), a new SaaS solution that eliminates fraudulent online transactions that get past existing fraud tools. Leveraging Shape’s industry leading expertise, SAFE utilizes a battle-tested AI engine to evaluate each online transactionRead More…
Last week, U.S. FBI had warned all the financial institutions that a large number of ATMs are being targeted by fraudsters to withdraw large sums of currency, as reported on Krebs on Security has reported. The confidential notice was reportedly shared with banks on Aug. 10. Read More…
According to the latest Fraud and Risk report issued by Kroll, “the fraud, cyber, and security incidents are on the rise and is the “new normal” for companies in the Gulf region. The proportion of executives that reported their companies fell victim to fraud in the past year rose significantlyRead More…
Last month, the Department of Justice in the US, charged a Lithuanian man for fraud, aggravated identity theft, and money laundering. This was done after documents revealed he scammed two major tech companies for over $100 million by masquerading as a Taiwanese electronics manufacturer. A Fortune report last week identified thoseRead More…
