30 results
- 9 Jul 2026
INTERPOL-Led Global Fraud Crackdown Nets 5,811 Suspects, Intercepts $293m
A global anti-fraud operation coordinated by the International Criminal Police Organization (INTERPOL) has resulted in the arrest of 5,811 suspects and the interception of illicit assets worth 293…
- 22 Jun 2025
Crypto Scam Unmasked: U.S. Recovers Record $225m in Global Fraud Bust
The U.S. government has recovered $225 million in what is now the largest seizure of funds linked to a cryptocurrency investment scam. In a statement released Wednesday, June 18, the U.S. Attorney’s…
- 8 Feb 2018
US Charges Nigerian, Others for Stealing $530m in Global Fraud
The US Justice Department on Wednesday announced charges against 36 individuals as part of a takedown of a massive online cyber crime ring that trafficked in stolen personal and financial…
- 10 Dec 2025
AI-Powered Fraud Drives Global Race for Deepfake Defenses
Reality Defender and 1Kosmos have announced a strategic partnership that will see the deepfake detection firm integrate its real-time deepfake defenses into 1Kosmos’ blockchain-based biometric…
- 21 Feb 2022
Digital Advertising Spend Lost to Fraud to Reach $68Bn Globally in 2022
A new Juniper Research study has found that the value of digital advertising spend lost to fraud will reach $68 billion globally in 2022; rising from $59 billion in 2021. The comprehensive research…
- 8 Nov 2016
Tranwall Partnership Delivers A 70% Fraud Reduction Using Card Control - Interswitch
Globally, card fraud is on the rise reaching US$21.84 billion in 2015, with an expected peak in 2018 of US$31.26 billion. It is estimated that globally, nearly 1 in 3 consumers are victimized by card…
- 15 Jul 2016
Card Fraud Strikes 1 in 3 Consumers Worldwide - Report
Thirty percent of consumers around the world have experienced card fraud within the past five years, 17 percent of them more than once, according to the 2016 Global Consumer Fraud Report from ACI…
- 18 May 2025
Access Holdings Sets Benchmark in Fraud Prevention With ₦193.5Bn Tech Investment
As global financial fraud surges to over $485 billion in annual losses, Access Holdings PLC is setting a new standard in Africa’s banking industry through aggressive and strategic investment in…
- 20 Jan 2023
Fraud Trends Every CFO Should Know
PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure…
- 4 Feb 2024
Sophos Uncovers How Criminals are Leveraging “As-a-Service" Business Model with Sha Zhu Pan Kits to Expand Cryptocurrency Fraud
Sophos, a global leader in innovating and delivering cybersecurity as a service, today revealed how sha zhu pan scammers—those conducting elaborate, romance-based cryptocurrency fraud—are leveraging…
- 19 Oct 2023
Infobip Identifies Five Frauds Impacting the Messaging Ecosystem
Infobip, global cloud communications platform has identified five common frauds impacting mobile users in the messaging ecosystem. Infobip explains the security challenges enterprises and mobile…
- 17 Dec 2024
ESET Warns of Rising Online Scam Threat Amid EFCC's Major Fraud Bust
ESET, a global leader in digital security, has provided insights on the rising threat of online scams. In a significant operation earlier in the week, Nigeria's anti-graft agency, the Economic and…
- 6 May 2016
Agency Halts Aids to Nigeria over $3.8m Fraud
Global Fund to Fight AIDS, Tuberculosis and Malaria has suspended payments to Nigeria's AIDS agency over evidence that $3.8 million was stolen by its workers and consultants, the Geneva-based…
- 19 Feb 2016
Visa Holds Fraud Prevention Workshop in West Africa
Visa, a global payments technology company, has organized its first ever fraud prevention workshop dedicated to its West Africa-based clients and partners. Held in Dakar, the three-day workshop…
- 20 Aug 2013
National ID Card System to Combat Terrorism, Fraud – MasterCard
MasterCard, the leading global payments solutions brand said its participation in the new Nigerian national identity card scheme is to help built national trust, patriotism and national cohesion…
- 31 May 2016
HID Global Offering Biometric Authentication for Nigerian Bank Security- Sarrail
As the Nigerian banks and the counterparts across the globe continue in search of solutions to identity theft and to reduce waste, fraud and abuse, HID Global has expressed willingness to partner…
- 5 Oct 2025
QNET Honoured with Gold Stevie® Award for Anti-Fraud Campaign in Africa
QNET, a global lifestyle and wellness company, has won a Gold Stevie® Award at the 22nd Annual International Business Awards (IBA) for its consumer protection campaign, QNET Against Scams. The…
- 14 Jun 2018
FBI Arrests 29 Nigerians, Others in eMail Fraud Crackdown
United States (U.S.) authorities said it has arrested 74 people in a global crackdown on email fraud scams, in which criminals have attempted to steal billions of dollars from businesses and…
- 24 Jun 2026
AI-Powered Scams are Biggest Payment Fraud Threat -Visa Report
Visa, a multinational firm into payment card services says Artificial intelligence enabled scams have emerged as the fastest-growing source of consumer payment fraud globally as cybercriminals…
- 15 Jan 2018
ATM Deployers Report Double-digit Crime Surge in 2017
The ATM Industry Association has published the results of its 2017 Global Fraud and Security Survey in which more than half of respondents (54 percent) reported an increase in ATM crime during the…
- 10 May 2018
Experts Urge Awareness on Cybercrime
Cybersecurity experts have urged governments to create more awareness on the implications of cyber fraud on global and national economies. The experts made the call in Lagos at the opening of a…
- 24 Mar 2026
Nigerians Lose N12.5Bn to AI-Driven Scams- PwC
PricewaterhouseCoopers (PwC), global professional services network, has reported that Nigerians lost about N12.5 billion from 2019 to 2023, through escalating digital fraud schemes. AI-driven scams…
- 15 May 2026
Nigerians Lose N12.5bBn to Telecom-Related Financial Crimes - PwC
Nigerians lost about N12.5 billion to telecom-related financial crimes from 2019 to January 2023, underscoring the scale and persistence of this threat to the telecommunications industry, PwC Nigeria…
- 3 Apr 2022
Firms Urged to Rev up Investment in Fraud Detection
The Association of Certified Fraud Examiners (ACFE) has advised organizations to invest more on measures that would guide on early fraud detection to mitigate loss on them. The association gave the…
- 15 Oct 2023
UBA to Launch 'Fighting Fraud Together' Campaign to Protect Customers
United Bank for Africa, (UBA) Plc, Africa’s Global Bank,, is set to commence a Fraud Awareness Week - an initiative aimed at empowering customers with knowledge and tools to protect them against…
- 22 Jun 2017
SIM Swap, 12 Other Frauds Acts Threaten $58.7Bn Messaging Market- Report
Fraud in the enterprise mobile messaging industry continues to challenge market growth, as a cross-sector Working Group shines spotlight on identity and data theft, network manipulation and…
- 23 Nov 2025
Panellists @ UBA Fraud Awareness Week, Seek Collaboration to Combat Fraud
United Bank for Africa (UBA) Plc, Africa’s Global Bank, hosted a high-level panel session as part of activities to mark its annual Fraud Awareness Week with the theme: “Combating Fraud Risk and Cyber…
- 10 Jun 2026
Scammers Beware: Truecaller Brings Caller ID and Fraud Blocking to More Nigerians
Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, today announced the expansion of Truecaller Lite, a new app designed specifically for entry-level…
- Telecom29 Aug 2026
QNET Condemns Alleged Misuse of Name in Minna Fraud Case, Pledges Cooperation with Authorities
QNET, a global lifestyle and wellness direct-selling company, has condemned the alleged misuse of its name in a fraudulent scheme in Minna, Niger State, and pledged continued cooperation with Nigerian authorities to address such activities.
- 14 Jun 2018
Kaspersky Debuts Fraud Prevention Solutions
Kaspersky Lab has introduced two fraud prevention solutions, Kaspersky Advanced Authentication, to prevent account compromises when developing digital channels, and Kaspersky Automated Fraud…