Tag: Electoral fraud

BusinessSoftwareTechnology

Juspay Brings Mastercard’s Click to Pay to Brazilian E-commerce Market

Brazilian e-commerce merchants are gaining access to Mastercard’s Click to Pay technology through a new partnership with payments platform Juspay. The integration promises to cut checkout times in half while shifting fraud liability away from retailers. This move comes as Brazil’s digital payment market shows rapid adoption of frictionless checkout experiences.

Streamlining Brazil’s Digital Payment Landscape

In a significant development for Latin America’s e-commerce sector, payments platform Juspay is reportedly integrating Mastercard’s Click to Pay technology into its Brazilian merchant offerings. According to industry sources, this partnership aims to address one of online retail’s persistent challenges: cart abandonment during the checkout process.

by Michael Turner
BusinessStartupsTechnology

JPMorgan Seeks to Halt $115M Legal Fee Payments for Convicted Frank Executives

JPMorgan Chase is reportedly seeking court permission to stop covering legal fees for Charlie Javice and Olivier Amar, who were convicted of defrauding the bank through their fintech startup Frank. The bank claims the executives have accumulated approximately $115 million in legal defense costs since their conviction. This unusual situation stems from acquisition agreements that required JPMorgan to cover legal expenses despite the fraud allegations.

Bank Challenges “Unreasonable” Legal Bills

JPMorgan Chase has taken the unusual step of asking a federal court to relieve the banking giant from paying legal fees for two executives convicted of defrauding the institution, according to recent court filings. The move targets Charlie Javice and Olivier Amar, founders of the student finance startup Frank that JPMorgan acquired in 2021 for $175 million.

by Michael Turner
BusinessCybersecurityTechnology

UK Investment Scams Surge 55% as APP Fraud Losses Hit £257 Million

Losses from authorized push payment fraud in the UK climbed 12% year-over-year to reach £257.5 million in the first half of 2025, according to new industry data. Investment scams drove the increase with a staggering 55% jump in losses, while romance fraud saw a 35% surge. The findings highlight growing challenges in combating sophisticated social engineering tactics.

Investment Fraud Leads Alarming APP Surge

British consumers are falling victim to increasingly sophisticated investment scams at an alarming rate, with new industry data revealing a 55% surge in losses from these schemes. According to analysis from UK Finance, the financial services trade association, investment fraud accounted for £97.7 million in losses during the first half of 2025 alone.

by Jessica Moore P.E.
CybersecuritySoftwareTechnology

Digital Identity Verification Gaps Cost Global Businesses $95 Billion Annually, Study Finds

Companies worldwide are losing nearly $95 billion annually due to insufficient digital identity verification systems, new research indicates. The study reveals that “good enough” identity solutions are creating revenue traps beyond just fraud losses. Businesses using global identity platforms reportedly achieve better performance and competitive advantages.

The $95 Billion Digital Identity Problem

Global businesses are reportedly losing approximately $95 billion annually due to inadequate digital identity verification systems, according to new research from PYMNTS Intelligence conducted in collaboration with Trulioo. The study suggests these verification gaps are costing companies an average of 3.1% of their annual revenue through multiple channels beyond just direct fraud losses.

by Michael Turner
BusinessPrivacySecurity

Anti-Fraud Organization Cifas Faces Data Exposure Incident in Email Invitation Blunder

A prominent anti-fraud organization has inadvertently exposed the email addresses of dozens of professionals in a calendar invitation error. The incident involved individuals from security vendors, consultancies, and government sectors. Data protection authorities emphasize the ongoing risks of improper email practices.

Email Mishap Exposes Professional Contacts

Anti-fraud nonprofit organization Cifas has experienced an embarrassing data exposure incident after sending a calendar invitation that revealed the email addresses of dozens of individuals working across the fraud prevention sector, according to reports seen by The Register. The invitation, sent in August for an October session about the organization’s JustMe app, exposed over a dozen addresses in the To field and approximately 45 additional addresses in the CC field.

by Jessica Moore P.E.