The digital currency and payments sector is growing quickly, influenced by technology and changing consumer habits. With the global digital payments Market valued at $115.93 billion in 2023 and projected to reach $180.26 billion by 2028, companies like Visa Inc. are leading the way. Visa, ranked as the top digital payment stock according to hedge ...
Revolut plans to enhance security for its cryptocurrency customers next year by introducing new anti-fraud measures. Alex Codina, the general manager for merchant payments at Revolut, highlighted the ongoing issues with fraud in the crypto space. To address this, Revolut will allow crypto firms to integrate Revolut Pay, enabling safer crypto purchases at checkout. Current ...
A fake video of Elon Musk claiming a $20 million cryptocurrency giveaway has gone viral, causing confusion among viewers. In the deepfake clip, Musk promotes a website called Elon4u.com, urging people to join the giveaway quickly. However, the video has been debunked as a scam, with crypto consultant DogeDesigner warning users not to fall for ...
The U.S. Department of Justice has successfully shut down the Rydox marketplace, a platform involved in the sale of stolen personal information and tools for cybercrime. Three Kosovo nationals, who were administrators of the site, have been arrested, with two expected to be extradited to the U.S. since its launch in 2016, Rydox generated over ...
The Yavapai County Sheriff’s Office has started putting up signs on cryptocurrency machines to warn people about potential scams. Arizona Attorney General Kris Mayes reached out to local business owners on November 13, asking for their help in combating this issue, as many residents—especially older adults—have lost significant amounts of money to scams over the ...
In 2023, Washington faced a surge in cryptocurrency scams, prompting the Spokane City Council to support new state laws aimed at protecting users of virtual currency kiosks. These changes would restrict withdrawal limits and regulate fees to combat fraud, as cryptocurrency is not insured and difficult to recover when lost. Additionally, Spokane’s code enforcement team ...
Jumio has partnered with LatticeFlow AI to enhance the security and reliability of its identity verification platform. This collaboration focuses on using LatticeFlow’s advanced AI technology to improve model fairness and reduce fraud, helping Jumio comply with new regulations, especially the EU’s Artificial Intelligence Act. With these improvements, Jumio aims to proactively identify risks and ...
