financialscandal
Deepfake fraudulent identity verification attempts have surged by 3,000% over the past year, pointing to an emerging threat as new ways of financial scams emerge. Using false or stolen identity is the number one way of fraudulently getting into a bank account, and victims across the globe are being deprived of billions of their own hard-earned cash. Now, scammers are fooling people using the new technology of generative artificial intelligence (AI) tools that can imitate people's voices or appearances to get access to their banks accounts. How do you know who to believe?A recent example of dee...
Euronews (English)
Former Wirecard shareholders are suing audit firm EY Germany, accusing it of internal reorganisation and potentially asset stripping it to prevent payouts and compensation in connection with the collapse of the tech payments company. The company's collapse in 2020 shook Germany where it had long been the darling of the country's fintech scene. It filed for insolvency in that year after reporting €1.9 billion ($2 billion) that had been on its balance sheet could not be found. The fraud cost banks €3.1 billion in loans and write-downs; EY Germany was the company's auditor. Wirecard shareholders ...
Euronews (English)
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