BrandPost: How Mastercard’s NuData uses the power of the cloud and machine learning to improve fraud detection

BrandPost: How Mastercard’s NuData uses the power of the cloud and machine learning to improve fraud detection

Cyberattacks continue to dominate the headlines. Attempts at digital fraud shot up during the first four months of 2021, especially in the financial services industry, where they ballooned 109% in the U.S. and 149% globally compared to 2020’s final four months. But thanks to behavioral analytics, machine learning, and the performance and scale of the…

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22 arrested in crackdown on money-laundering group

22 arrested in crackdown on money-laundering group

Hong Kong and mainland police have arrested 22 people in a crackdown on a cross-border money-laundering syndicate, which they said had handled HK$740 million of suspected crime proceeds. SAR officers said they earlier received intelligence, and found some suspicious bank accounts to have handled HK$270 million dollars linked to fraud cases involving 43 victims over…

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