[New] LastPass failed to protect encrypted vault data and related user information adequately, ultimately exposing roughly 1.6 million UK users to heightened fraud and credential-stuffing risk when attackers compromised a developer account and later siphoned off backups.
Tech Startups - Tech News, Tech Trends & Startup Fundin
[New] Potential fraud losses for financial services institutions in the U.S. alone could reach $40 billion USD by 2027, highlighting why financial services are racing to strengthen their defences.
Cybercrime Magazine
[New] Banks in Singapore responded to rising threats by introducing a 24-hour cooling period for first-time fund transfers to reduce the likelihood of rapid fraudulent withdrawals.
Fintech Singapore
[New] We expect the SEC to continue to focus on AI, particularly on AI-washing - hyperbolic or inaccurate AI disclosures - which may lead to fraud claims under the federal securities laws.
Debevoise
[New] Rising national fraud losses and major breaches - like the AT&T data leak affecting 86 million accounts - underscore increasing risks for U.S. consumers.
LiveNOW from FOX
[New] The Priorities address Regulation S-ID, emphasizing that the SEC will assess whether firms have a written Identity Theft Prevention Program that reasonably identifies and detects red flags, especially around account takeovers and fraudulent transfers, and firm training on identity theft prevention.
National Law Review
[New] In 2025, we can expect more businesses to adopt robust fraud prevention systems that safeguard loyalty points like financial assets, reducing vulnerabilities and protecting both customer trust and program value.
PT Aksi Visitama
[New] The FBI is warning of a sharp rise in account takeover fraud, in which threat actors impersonate bank support teams to trick victims into handing over credentials or approving transfers, resulting in $262 million stolen so far in 2025.
NetworkTigers News
[New] Interpol's General Assembly has issued a resolution addressing the growing threat of transnational scam centers, criminal hubs linked to large-scale fraud, human trafficking and abuse, including schemes such as voice phishing, romance scams, investment fraud and cryptocurrency scams.
Crypto Briefing
[New] Recorded Future has called attention to purchase scams where threat actors use fake e-commerce stores to steal victim data and authorize fraudulent payments for non-existent goods and services.
The Hacker News
[New] As highlighted by IHL Services Group, AI is expected to have a staggering $9.2 trillion economic impact on the retail sector by 2029, particularly in enhancing customer service and operational efficiencies through tools like AI fraud detection and suspicious video analytics.
Doing Business in Bentonville
[New] Global fraud rates in the crypto industry are up 48%, and a persistent threat remains.
Sumsub
Multi-channel scams, where victims are lured from social media or text messages into encrypted chats and fraudulent payment pages, will become the dominant pattern in 2026.
Trend Micro
Account Takeover fraud will likely escalate in 2025 as digital payment platforms and peer-to-peer payment systems grow in popularity.
BottomLine
AI could reduce banking-industry costs by up to 20% in the near term, driven by automation in customer service, fraud detection, payments, and back-office operations.
Acceleron Bank
By using OpenAI's technology at scale, Revolut is strengthening risk controls, reducing fraud instances and operational friction, and giving millions of customers faster, clearer and more intuitive support.
FinExtra
Last updated: 16 December 2025
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