Author: OurCrowd

In a startling revelation, cybersecurity firm BioCatch reported a tenfold surge in digital scams this year across US and Canadian banks. These startling figures reveal the modus operandi of transgressors who rely on manipulating customers into parting with their hard-earned money. This sharp uptick raises alarms amid increased bank efforts to prevent account takeovers and other fraudulent activities. Read...

Australia’s ‘Big 4’ banks – CBA, NAB, ANZ and Westpac – flagged and/or “exited” thousands of bank accounts in the last financial year, aided by AI and other anti-scam detection capabilities. This includes the use of BioCatch – described as an “interbank, behaviour- and device-based, fraud and scams intelligence-sharing network” – that only revealed its list of Australian bank users last month. Read...