Fraud prevention stories - Page 8

Experts warn that rising digitalisation fuels fraud, with AI aiding cybercriminals, prompting calls for robust security and real-time threat response.

Jumio has formed a strategic partnership with LatticeFlow AI to enhance AI-driven identity verification and bolster fraud protection ahead of EU regulations.

Attestiv has unveiled a new deepfake detection platform to help individuals and businesses tackle the rise of fake videos amid growing digital deception concerns.

Ping Identity has honoured the winners of the 2024 Identity Excellence Awards in Asia Pacific, celebrating outstanding leaders in the identity sector.

Akamai Technologies has launched upgrades to its Account Protector, enhancing security against cyber threats amid rising scams costing shoppers GBP £10 million.

Extend has launched a new Bill Pay feature to enhance invoice payments for businesses, leveraging virtual cards for improved security and cash flow management.

Extend has launched its Bill Pay feature, allowing businesses to settle invoices securely using virtual cards, enhancing accounts payable processes.

Transmit Security has been named a leader in account takeover fraud prevention, as the market for these solutions is set to grow significantly by 2028.

A Juniper Research study reveals global enterprise losses from Artificially Inflated Traffic are set to drop by 55% from 2024 to 2029, following a peak of USD $2.1 billion in 2023.

Research by Appdome reveals that 41% of UK consumers have faced mobile fraud, highlighting urgent security concerns as they shift towards app-based transactions.

A recent survey reveals that 74% of civil servants are now sharing data across government departments, yet only 34% are collaborating with the private sector.

New Zealand's banking sector is set to launch a Confirmation of Payee feature to combat payment scams and errors starting November 2024.

Bitdefender has launched 'Scam Copilot', an AI platform designed to combat online scams, amid concerns over AUD $2.7 billion lost to fraud in Australia.

BlackFog has been honoured with the title of ‘AI-based Cybersecurity Innovation of the Year’ at the 2024 CyberSecurity Breakthrough Awards for its ADX technology.

New research reveals UK retailers are tightening return policies, driven by annual losses of $2.6 billion from fraud and policy abuse.

British neo-bank ANNA has launched biometric re-authentication to enhance security, requiring selfies to prevent unauthorised access to business accounts.

As Cybersecurity Awareness Month unfolds, experts urge businesses to adopt comprehensive strategies to combat evolving threats and enhance their security measures.

Research by Mastercard reveals deepfake scams have targeted 36% of Australians, resulting in millions in losses, with many unaware they're victims.

A survey by Appdome and OWASP shows 80.7% of Singaporeans expect proactive anti-fraud measures in mobile apps, highlighting rising security demands.

Easy Crypto becomes the first exchange to disclose fraud refunds totalling $2.7M, stressing security as about 50% of Aussies & Kiwis show crypto interest.