by AIP Online Bureau | Dec 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
With the adoption of new technology, it said, the risks of cyberattacks, data breaches and operational failures have also increased. Frauds lead to reputational, operational and business risk for banks and undermine customers’ trust in the banking system with...
by AIP Online Bureau | Dec 13, 2023 | International News, Reinsurance, Risk Management, Technology
“Scor urges you to be extremely vigilant and not to respond without prior verification to any payment request made by email, telephone or social networks. The aim of these fraudsters is to improperly collect personal data or to solicit a bank transfer or electronic...
by AIP Online Bureau | Aug 24, 2023 | Eco/Invest/Demography, Features, Non-Life, Reinsurance, Risk Management, Technology
The fastest-growing scam category is investment fraud, often introduced to victims through search engines where scammers can easily buy sponsored advertising spots. When would-be investors click through, they often find realistic prospectuses and other financial data....
by AIP Online Bureau | Jul 13, 2023 | International News, Non-Life, Regulation
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...
by AIP Online Bureau | May 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Frauds occurred predominantly in the category of digital payments (card/internet), in terms of number, said Reserve Bank’s Annual Report 2022-23 The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly...
