Fraud stories - Page 3
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Basware unveils AI-powered solution to combat invoice fraud
Thu, 25th Apr 2024
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ai
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accounts payable
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fraud
Basware has launched an AI-based solution, AP Protect, aimed at helping companies shield from invoice fraud and errors.
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Customers vs banks - Where should the buck stop in preventing finance scams?
Wed, 24th Apr 2024
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advanced persistent threat protection
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cybersecurity
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fraud
As cybercrime rates surge, Australia's major banks grapple with responsibility for preventing financial scams, prompting critical discourse on customer versus bank account protection roles.
![Story image](../../../../../uploads/story/2024/04/18/preview_Sadiq_Iqbal.webp)
Three ways employees can spot a deepfake scam
Thu, 18th Apr 2024
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cybersecurity
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fraud
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mfa
As deepfake scams surge globally, employees are urged to be vigilant and adopt common-sense checks, including 'liveness' checks and using internal codewords.
![Story image](../../../../../uploads/story/2024/04/17/preview_img-u5XbXbTNC9C2wdMpmwxr0tjw.webp)
Biometrics market projected to reach USD $173.7bn by 2032, says report
Wed, 17th Apr 2024
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surveillance
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blockchain
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physical security
The surge in demand for secure identification boosts the market valuation of biometrics technology, set to rise from USD $50.3bn in 2023 to USD $173.7bn by 2032, according to DataHorizzon Research.
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BlackLine launches AI tool to revolutionise financial risk analysis
Fri, 12th Apr 2024
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ai
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risk & compliance
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fraud
Digital finance firm, BlackLine, unveils its AI-driven Journals Risk Analyser, an innovation set to revolutionise audits, risk management, and compliance in the finance sector.
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Adyen report unveils Singapore's evolving fintech landscape
Mon, 8th Apr 2024
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fintechs
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digital transformation
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adyen
Adyen's 2024 Retail Report reveals swift adoption of cashless transactions in Singapore, with 31% ditching wallets and 47% comfortable with QR codes.
![Story image](../../../../../uploads/story/2024/04/02/preview_img-WXHiWRRgfbNbasxrYgjsz7DG.webp)
Radware unveils latest version of AI-based Bot Manager
Tue, 2nd Apr 2024
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firewalls
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partner programmes
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breach prevention
Cybersecurity firm Radware introduces a new Bot Manager to proactively mitigate advanced bot attacks whilst ensuring genuine user experience.
![Story image](../../../../../uploads/story/2024/04/02/preview_img-2vLLh1ai5OfAovP0wJ9ov6AC.webp)
Financial institutions increasingly deploy AI in fight against fraud
Tue, 2nd Apr 2024
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risk & compliance
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ai
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financial institutions
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
![Story image](../../../../../uploads/story/2024/03/29/preview_img-TPBzxbupH3rjEyUumNNDNsN1.webp)
AI-powered localised scams on the rise, banking fraud trend takes off
Fri, 29th Mar 2024
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advanced persistent threat protection
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ai
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cybercrime
BioCatch warns of increasing trend of fraudsters using AI to personalise scams across Europe, with digital fraud and financial crime escalating. Meanwhile, the UK sees notable drop in voice scams.
![Story image](../../../../../uploads/story/2024/03/21/preview_img-J8RxmEJqZVURAOvhhuqu4iva.webp)
Cybercrime reports drop in NZ, but threats persist
Thu, 21st Mar 2024
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phishing
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ransomware
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advanced persistent threat protection
Despite a reported decrease in cybercrime incidents to CERT NZ in 2023, authorities warn persistent and evolving threats.
![Story image](../../../../../uploads/story/2024/03/11/preview_Selene_Brett_PPRO.webp)
PPRO bolsters leadership with new legal & compliance appointments
Mon, 11th Mar 2024
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fintechs
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open banking
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fraud
PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.
![Story image](../../../../../uploads/story/2024/03/07/preview_img-13dtgrHRiv8LIMvVBYlc0K7g.webp)
Are C-suite executives cybersecurity's weakest link?
Fri, 8th Mar 2024
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ransomware
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datacentre infrastructure
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phishing
C-suite executives, often the weakest security link in organisations, are a significant target for cyber threats, amid a surge in cyber attacks.
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Generative AI set to reshape anti-fraud efforts by 2024
Fri, 23rd Feb 2024
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robots
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biometrics
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rpa
83% of anti-fraud professionals to deploy generative AI in anti-fraud activities within two years, says 2024 Anti-Fraud Technology Benchmarking Report, despite earlier lag behind expectations.
![Story image](../../../../../uploads/story/2024/02/19/preview_img-6zuQXiWs5SrSz8BPGj9s2HFO.webp)
Appdome bolsters mobile fraud fight with Geo Compliance feature set
Mon, 19th Feb 2024
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risk & compliance
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smartphones
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personal computing devices
Mobile app security firm Appdome introduces Geo Compliance feature set to fight mobile fraud and aid brands in verifying user location.
![Story image](../../../../../uploads/story/2024/02/16/preview_img-Z3P4MSlNqPEVaMIBGLCB47gk.webp)
SpendConsole expands AI-powered AP automation to Dubai
Fri, 16th Feb 2024
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advanced persistent threat protection
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cyber threats
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fraud
AI-powered accounts payable firm SpendConsole expands into the Middle East, opening a new office in Dubai amidst rising demand for automation solutions.
![Story image](../../../../../uploads/story/2024/02/15/preview_img-FH62UShI9XQuejuzIxvHHjpf.webp)
Netsafe launches online safety programme for seniors in New Zealand
Thu, 15th Feb 2024
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email security
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scams
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nz
Netsafe, a charitable organisation in New Zealand, has launched 'Get Set Up for Safety', a nationwide initiative to equip senior citizens with skills to combat online threats such as fraud and scams.
![Story image](../../../../../uploads/story/2024/02/15/preview_img-CQt6rOk1x8vEvq4CrAgTcLSa.webp)
'Artificial Inflation of Traffic' scams skyrocket in 2023
Thu, 15th Feb 2024
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ai
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threat intelligence
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digital marketing
A Swedish report exposes a disturbing surge in Artificial Inflation of Traffic (AIT) fraud, with 20 billion fraudulent SMS messages costing organisations a total of $1.16 billion in 2023.
![Story image](../../../../../uploads/story/2024/02/14/preview_img-Sv6dWkPnAPK8SJkZwTCWtxI1.webp)
Rise in Valentine's Day scamming on dating apps, warns Cequence Security
Wed, 14th Feb 2024
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advanced persistent threat protection
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ai
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threat intelligence
This Valentine's Day, Cequence Security's alarming research reveals an increase in scamming activity on dating apps, with fraudsters posing as romantic prospects to exploit users financially.
![Story image](../../../../../uploads/story/2024/02/08/preview_img-FLnw9JIMWGPxvLfIxxoMS7oh.webp)
Decline in trust with SMS platforms predicted by new XConnect study
Thu, 8th Feb 2024
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phishing
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email security
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fraud
A study by XConnect and Mobilesquared reveals CPaaS providers are expected to lose nearly a quarter of trust in SMS platforms between 2023 and 2025 due to potential fraud risks.
![Story image](../../../../../uploads/story/2024/02/07/preview_img-ROmgceZfqeiSaJUDE2TzpJvR.webp)
SEON joins AWS ISV Accelerate Program to enhance fraud prevention
Wed, 7th Feb 2024
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hyperscale
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public cloud
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fintechs
Online fraud prevention leader SEON steps into Amazon Web Service's Independent Software Vendor Accelerate Program, expanding its pioneering platform's accessibility and reach.