Latest news with #fraudPrevention
Yahoo
3 days ago
- Business
- Yahoo
Microblink Appoints Radu Tudoran as Vice President of Engineering
BROOKLYN, N.Y., June 04, 2025--(BUSINESS WIRE)--Microblink, a leader in document scanning and verification technology, is pleased to announce that Radu Tudoran has joined the leadership team as Vice President of Engineering. In this role, Tudoran will lead the engineering organization, driving the expansion and enhancement of Microblink's cutting-edge fraud and identity verification solutions to ensure the continued delivery of world-class products to its global client base. Tudoran brings more than 15 years of experience in technology innovation, with a career spanning top research institutions such as INRIA and the U.S. Argonne National Laboratory, as well as industry giants including Microsoft, Huawei, Amazon, and Onfido. His expertise lies in innovating and scaling cloud and big data services, SaaS platforms, and advanced machine learning products designed for complex enterprise environments. Throughout his career, Tudoran has led initiatives across a wide range of domains, including high-performance cloud streaming and real-time fraud detection systems, as well as business services for promotions and taxonomy management. He has also played a key role in building robust SDK platforms and developing AI-powered Know Your Customer (KYC) and fraud prevention technologies. He is passionate about turning visionary ideas into tangible, market-ready solutions that deliver measurable impact. "We're confident Radu will make a powerful addition to our leadership team," said Hartley Thompson, Microblink's President and COO. "His impressive background in building enterprise-grade platforms and pioneering AI-based identity solutions will be instrumental in advancing our product capabilities and driving our strategic goals." Tudoran commented, "I'm excited to join an amazing team of world-class talent that is continuously pushing the boundaries of what's possible with an impressive portfolio of innovative solutions. I look forward to helping strengthen and expand Microblink's solutions further to support the identity industry in combating fraud and deepfakes." About Microblink Microblink builds proprietary AI solutions for identity verification and payment fraud, empowering businesses worldwide to improve customers' digital experiences. With more than 12 billion documents processed from over 180 countries, the flagship Microblink Platform is used across industries to onboard more real customers, optimize KYC/AML workflows, and minimize fraud, enabling organizations to make online interactions safer and easier. View source version on Contacts Paul WilkeUpright Position Communications on behalf of Microblinkpaul@ +1-415-881-7995 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
3 days ago
- General
- CBC
Community engagement, education helping Strathcona County residents avoid crypto scams: RCMP
Strathcona County RCMP is reporting a large decrease in the money lost in the community from crypto scams compared to the year before. RCMP attributed this decline to its community engagement and education on crypto fraud. In a news release on Tuesday, police said between January and April in 2024, the reported loss to crypto-related scams in the county was almost $400,000. In the same period this year, the loss was around $240,000. RCMP members have visited local schools, seniors' groups, and community organizations to teach residents to recognize and report scams. These presentations have focused on identifying common crypto scams, like fake investment opportunities, romance scams, and fraudulent calls from scammers claiming to be law enforcement or government officials. Police said that legitimate government agencies will never request payment in the form of cryptocurrency. In the release, RCMP said that if someone has been targeted by a scam, they should report it to the Canadian Anti-Fraud Centre or local police.
Khaleej Times
4 days ago
- General
- Khaleej Times
E-passports for Indians: Do you need to replace current passport? Features, benefits explained
India has rolled out electronic passports for its citizens, a document that comes with enhanced data security. It combines both the paper and an electronic passport, and can be visually identified with a gold coloured symbol printed below the front cover. One of the distinguishing features of the ePassport is the Radio Frequency Identification (RFID) Chip which is embedded in the passport. This chip contains biometric details and personal information of the holder. How does the ePassport help? A major benefit is the added layer of security that the document provides. Personal information will be available in printed form on the booklet, along with being digitally signed in the chip. This can be securely authenticated by immigration officials across the world, which prevents fraudulent activities and safeguards passports from forgery. Do you have to replace existing passport? Indians with a valid passport do not have to replace it with an ePassport. All passports will continue to remain valid until the expiration date. However, after expiration, when applying for renewal, if the passport office is issuing ePassports, all citizens applying in that office will get it. The phase wise roll out of ePassport, covering all Passport Offices across India, may take a few months, according to India's Ministry of External Affairs. How to apply for a new passport or renewal? Go to India's Passport Seva website, and under services, click on apply for fresh/re-issue passport. If you do not have an account, register a new one. Select your Regional Passport office based on your current location, which will then decide the Passport Seva Kendra (PSK) you need to visit. Fill up personal details, and ensure they are accurate before submitting the application, as changes can not be made later. After submission, a unique Application Reference Number (ARN) will be generated. Pay and schedule your appointment. Select your preferred PSK. After the appointment is confirmed, you will receive an SMS confirmation. Carry all essential documents when visiting the PSK. In case of minor applicants (below 4 years of age), also carry a recent passport size photograph (4.5 X 3.5 cm) with white background. Only the passport offices that are technically enabled for ePassports will issue them; others will continue issuing the normal passport until nationwide rollout of the electronic document is complete. Cities issuing ePassports According to Indian media outlets, the following areas are issuing the electronic document:
Zawya
4 days ago
- Business
- Zawya
Standard Chartered enhances payment security and efficiency in the UAE with new beneficiary validation solution
Dubai, United Arab Emirates: Standard Chartered announced today the launch of Beneficiary Validation of accounts domiciled in the UAE – a cutting edge solution designed to bolster client confidence and improve domestic payment processes across the UAE. Developed in partnership with the Central Bank of UAE, this innovative solution allows corporate clients to verify payee details before processing domestic payments, ensuring accuracy and security while mitigating the risks of fraud and transaction failures. By integrating this service, Standard Chartered becomes one of the pioneers among international banks in the UAE to offer such a capability locally. Mahesh Kini, Global Head of Cash Management at Standard Chartered, said: 'Introducing the Beneficiary Validation Service marks a significant milestone for Standard Chartered in the UAE. This solution not only streamlines domestic payments but also complements our existing Global Payment Pre-Validation Service for cross-border transactions. It is a crucial step towards building a robust payment infrastructure that supports the adoption of instant payment schemes, thereby catalysing economic activities, while reducing errors and preventing fraud." Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, at Standard Chartered, added: 'This collaboration with the Central Bank of the UAE marks a significant step in advancing the country's payment infrastructure. The launch of the New Beneficiary Validation solution underscores our unwavering commitment to supporting the UAE's ambitious digital transformation agenda and reinforcing its position as a leader in financial innovation. By enhancing payment security and efficiency, we are not only addressing critical client needs but also contributing to the UAE's broader economic vision of fostering a secure, resilient, and globally connected financial infrastructure.' Payment friction, estimated to cost over US$2 billion annually, is largely attributed to avoidable errors such as typos, incorrect beneficiary details, and formatting issues, according to Swift, the international payment network. The Beneficiary Validation Service addresses these challenges by validating IBAN details prior to transaction initiation, thereby reducing errors and enhancing confidence in the payment ecosystem. Standard Chartered We are a leading international banking group, with a presence in 53 of the world's most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
Irish Times
30-05-2025
- Business
- Irish Times
Banks warn customers to be vigilant over holiday scams
Banks are urging customers to be on their guard in the coming weeks as the holiday season brings increased risk of falling victim to rental scams. Bank of Ireland warned customers to be wary when making holiday bookings to avoid falling victim to accommodation scams, where fraudsters trick people into paying for property that doesn't exist or is not available to rent. The bank said it had seen an increase in the number of cases, and also a rise in the amount of money that customers were losing to the scams. 'Fraudsters don't take time off and are always looking at ways to take your money,' said Nicola Sadlier, head of fraud, Bank of Ireland. 'Holiday scams can be devastating and costly, as you may arrive at your destination before becoming aware that it's a scam, so it's really important that consumers stay vigilant and stop, think, check before making any accommodation payments.' READ MORE Rental scams happen throughout the year, but are usually targeted at people booking holiday rentals abroad or in Ireland, students looking for college properties and people looking to rent living accommodation. [ Scam listing on turns holiday dream into a nightmare Opens in new window ] The bank has issued advice to customers, including double-checking websites are genuine, not being pressured into making payments, don't click on links from social media, emails or texts, and going to official booking websites directly. Holidaymakers should also be wary of moving off official sites in return for a discount, as this can often be the hallmark of a scam. Customers should also be wary about deals that seem too good to be true, and ensure that any payments are made on a secure, trusted platform. [ 'Email had my booking reference plus details of guests': customers targeted by scam Opens in new window ]
