Nikolas Kokovlis | Nurphoto | Getty Images Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant’s push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers. Under the deal, Visa will get BioCatch’s behavioral biometrics platform, which analyzes data…
James Patten leaving U.S. District Court in Camden, New Jersey, after his sentencing hearing on July 21, 2026. Dan Mangan | CNBC James Patten, who played a key role in the brazen stock manipulation scheme that led to a publicly traded company that owned a small, money-losing New Jersey deli having a market capitalization of…
Vladimir Vladimirov | E+ | Getty Images For victims of fraud, a second financial blow sometimes comes their way — they owe taxes on the stolen money. Scam victims have faced restrictions on whether they can claim their losses as a deduction on their tax return since 2018, due to a temporary change under the…
When a man in a black Air Jordan T-shirt walked up to a self-checkout kiosk at a Louisiana Lowe’s last spring, he looked like any other customer. Over the course of about seven minutes, he methodically rang up different gift cards for $95 each, using his phone to tap-to-pay for each card as a red-vested…
Representative Hal Rogers, a Republican from Kentucky and chairman of the House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, left, and Representative John Carter, a Republican from Texas, during a hearing in Washington, DC, US, on Thursday, June 5, 2025. Eric Lee | Bloomberg | Getty Images A former senior advisor to the…
Rainstar | E+ | Getty Images For the fifth year in a row, imposter scams ranked as the most reported type of fraud in 2025, according to the Federal Trade Commission’s latest data. While 80% of the roughly 1 million who filed an imposter scam report didn’t lose money, the other 20% lost a collective…
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance has told its customers in the European Union it will stop providing services to them from next week because it will not be licensed to operate in the region. According to a Financial Times report on Friday, the exchange’s application for a bloc-wide license in…
Signage at the Situation Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026. Graeme Sloan | Bloomberg | Getty Images Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a…
Gautam Adani, chairman of Adani Group, during the inauguration ceremony for the Navi Mumbai International Airport in Navi Mumbai, India, on Wednesday, Oct. 8, 2025. Indranil Aditya | Bloomberg | Getty Images Shares of Adani Enterprises and Adani Green Energy pared early losses on Friday after the U.S. regulators sought court approval for a settlement…
Nicolás Maduro and his wife, Cilia Flores, are seen in handcuffs after landing at a Manhattan helipad, escorted by heavily armed Federal agents as they make their way into an armored car en route to a Federal courthouse in Manhattan on Jan. 5, 2026 in New York City. Xny/star Max | Gc Images | Getty…
