Fraud prevention stories - Page 4

Visa has launched Intelligent Commerce, partnering with AI leaders to enable secure, AI-assisted shopping and payments tailored to user preferences.

Geoficiency launches its AI-powered accounting investigation platform in the UK to help firms comply with upcoming fraud prevention laws from September 2025.

Despite advances in cyber protection, 27% of businesses lack strong password policies, risking credential theft and online fraud, warns cybersecurity expert.

Skyfire and Cequence Security partner to enable secure, compliant access and transactions for AI agents across digital services globally.

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.

UK retailers have suffered losses of around GBP £464 million in missing parcels during the peak shopping season, with potentially millions more unaccounted for.

Identity fraud costs businesses USD $7 million yearly worldwide, with Asia Pacific firms facing rising threats from sophisticated attacks, a new study finds.

Google blocked over 5.1bn ads and suspended 39.2m accounts in 2024, using AI advancements to combat ad scams and protect consumers.

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.

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.

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.

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.

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.

Pure Storage has partnered with THG Ingenuity to enhance AI capabilities and sustainability, cutting data centre power use by 80% while supporting global growth.

Ecommpay has been named a finalist in four categories at the Retail Systems Awards, recognising its innovations in payment solutions and fraud prevention.

Fastly has launched updates to its Bot Management service, enhancing online security while improving user experiences by reducing reliance on CAPTCHAs.

Fastly has unveiled enhancements to its Bot Management service, reducing CAPTCHA dependency while bolstering security and user experience across its platform.

Edenred Payment Solutions unveils a Virtual Card Number to expedite insurance payouts, addressing customer demand for quicker claims processing.

Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.

Adyen has partnered with Reece to modernise its payment systems across Australia and New Zealand, enhancing customer experiences at 600 outlets.