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Fraud prevention stories

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Geoficiency launches UK platform to help firms meet new fraud rules
3 days ago
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risk & compliance
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ai
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accounting
French firm Geoficiency has launched its AI-driven accounting controls platform in the UK to help firms comply with new fraud regulations coming in 2025 and 2026.
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UK retailers face substantial losses from missing parcels
Last week
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cx
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martech
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supply chain & logistics
UK retailers have suffered losses of around GBP £464 million in missing parcels during the peak shopping season, with potentially millions more unaccounted for.
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Identity fraud costs firms USD $7 million annually worldwide
Last week
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cx
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martech
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physical security
Identity fraud costs businesses USD $7 million yearly worldwide, with Asia Pacific firms facing rising threats from sophisticated attacks, a new study finds.
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Google blocks 5.1 billion ads & boosts AI ad safeguards
Last week
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email security
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llms
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ai
Google blocked over 5.1bn ads and suspended 39.2m accounts in 2024, using AI advancements to combat ad scams and protect consumers.
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Ecommpay urges merchants to bolster fraud prevention
Last week
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ai
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graph analysis
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ml
Ecommpay has urged merchants to enhance their fraud prevention strategies as UK ticket fraud losses soared to GBP £9.8 million in 2024, up 47% from the previous year.
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Fraud against Australian businesses on the rise, report finds
Last week
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cx
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martech
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physical security
A recent report reveals that 61% of Australian businesses face rising fraud incidents, prompting a shift to AI-driven security solutions to combat these threats.
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Cifas reports sharp rise in UK identity fraud cases for 2024
This month
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uc
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data protection
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ai
Fraud cases in the UK surged by 12.5% in 2024, with identity fraud now comprising 59% of reports, highlighting a worrying trend in cybercrime tactics.
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Flare reveals costly impact of account takeover attacks
This month
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saas
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mfa
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fintech
Flare's latest report reveals a staggering rise in account takeover attacks, exposing organisations to losses of tens of millions annually due to session hijacking.
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Mastercard outlines plan to combat card fraud in Australia
This month
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biometrics
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payment technologies
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mastercard
Mastercard has unveiled a five-year strategy to innovate payment methods in Australia, tackling a surge in card fraud that nearly hit $1 billion in 2024.
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Pure Storage aids THG Ingenuity in AI & sustainability
Last month
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storage
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data protection
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dr
Pure Storage has partnered with THG Ingenuity to enhance AI capabilities and sustainability, cutting data centre power use by 80% while supporting global growth.
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Ecommpay shortlisted for four Retail Systems Awards 2023
Last month
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fintech
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api
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ecommerce
Ecommpay has been named a finalist in four categories at the Retail Systems Awards, recognising its innovations in payment solutions and fraud prevention.
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Fastly introduces bot management updates for web security
Last month
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cybersecurity
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online security
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analyst report
Fastly has launched updates to its Bot Management service, enhancing online security while improving user experiences by reducing reliance on CAPTCHAs.
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Fastly updates bot management to reduce CAPTCHA reliance
Last month
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cx
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martech
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data privacy
Fastly has unveiled enhancements to its Bot Management service, reducing CAPTCHA dependency while bolstering security and user experience across its platform.
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Edenred Payment Solutions launches virtual card for payouts
Last month
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cx
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martech
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payment technologies
Edenred Payment Solutions unveils a Virtual Card Number to expedite insurance payouts, addressing customer demand for quicker claims processing.
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Exclusive: GBG's Carol Chris on innovation, fraud prevention and growth
Last month
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uc
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cx
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martech
Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.
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Adyen partners with Reece to enhance payment systems down under
Last month
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cx
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martech
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risk & compliance
Adyen has partnered with Reece to modernise its payment systems across Australia and New Zealand, enhancing customer experiences at 600 outlets.
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Endowus teams with Twilio to enhance platform security
Last month
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cybersecurity
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sms
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fraud
Endowus has teamed up with Twilio to enhance security on its digital wealth platform, addressing a surge in fraud cases with advanced verification measures.
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Survey: Security outweighs cost in travel payment choices
Last month
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payment technologies
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amadeus
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fraud prevention
A recent Outpayce study reveals that over 70% of travellers prioritise payment security over discounts, highlighting growing concerns over cyber fraud in travel.
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Group-IB's fraud solution now accessible via AWS Marketplace
Last month
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malware
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gaming
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digital entertainment
Group-IB's Fraud Protection solution is now available on AWS Marketplace, enhancing online security for businesses against fraud-related threats.
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LSEG launches fraud solution to combat supplier fraud in APAC
Last month
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payment technologies
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emea
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fraud prevention
The London Stock Exchange Group has introduced its Global Account Verification solution in APAC and EMEA, tackling supplier fraud amid rising payment scams.