The famous ancient Greek dramatist Sophocles once said he'd rather "fail in honor rather than succeed by fraud." Sophocles ...

119 sent to jail as police uncover a professionally managed international ‘call centre’ with dedicated teams, scripted ...

AI-generated fake receipts are making expense fraud cheaper, easier, and harder to detect, forcing companies to rethink how ...

In 2002, the California Legislature created the Victims of Corporate Fraud Compensation Fund as part of the Corporate Disclosure Act. See Victims of Corporate Fraud Fund. There are a number of ...

Artificial intelligence (AI) is doing wonderful things for many businesses. It’s helping to automate repetitive tasks for efficiency and cost savings. It’s supercharging customer service and coding.

New York Attorney General (AG) Letitia James on Wednesday filed a lawsuit against the company behind the electronic payment platform Zelle for failing to protect its users from fraud. The lawsuit ...

MINNEAPOLIS — Questions over their records on immigration, accepting corporate PAC money and fraud dominated the first ...

Corporate deception takes many forms. Funds borrowed from banks for legitimate business expansion are routed through shell ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Financial fraud is skyrocketing. 75% of US companies in a long ...

The Economic Crime Bill received Royal Assent on 26 October 2023. Included in the Act is the failure to prevent fraud offence, under which large companies will be liable when a specified fraud offence ...

Asset misappropriation is when an employee steals company funds or other assets for personal gain – for example, asset theft. It’s one of the most common types of corporate fraud and costs businesses ...

A Ficci-Khaitan & Co report warns that AI-driven scams, cryptocurrency fraud and cross-border cybercrime are outpacing ...