North Korean IT workers are intensifying their fraudulent employment schemes, extending their reach beyond the United States to target organizations worldwide, with a particular focus on Europe. According to Google’s Threat Intelligence Group (GTIG), these workers are not only seeking jobs under false pretenses but are also escalating their tactics by extorting money from companies that discover and terminate them.
A new report from Nasdaq Verafin, Financial Crime Insights: Europe, highlights the staggering scale of financial crime across the continent. Drawing from the 2024 Global Financial Crime Report and industry surveys, the study reveals that an estimated $750 billion in illicit funds flowed through Europe’s financial system—2.3% of the region’s GDP.
A new report from Revolut reveals that UK consumers are the most vulnerable to WhatsApp scams in Europe, with losses averaging £2,437 per victim.
The European Commission has approved the 2025-2027 Digital Europe Programme (DIGITAL) work program, committing €1.3 billion to strengthen key technologies crucial for the EU’s digital sovereignty.
In the first two months of 2025, AIB reported a significant rise in phone call fraud, with voice phishing—commonly known as vishing—surging by 79% compared to the same period in 2024.
Banks worldwide faced a total of $4.5 billion in fines in 2024, with TD Bank accounting for two-thirds of the total after pleading guilty to violating U.S. anti-money laundering (AML) laws.
Source: ADGM
ADGM, the leading International Financial Centre (IFC) of the UAE’s capital, has signed a Memorandum of Understanding (MoU) with Chainlink, the standard for onchain finance, marking a major step in advancing compliant tokenisation frameworks.
A recent report by LayerX Labs has uncovered a sophisticated phishing campaign that initially targeted Windows users but has now shifted its focus to macOS users.
