Fraud prevention stories - Page 3

RobobAI, an Australian fintech, launches an AI platform to optimise enterprise working capital and enhance B2B payment systems amid economic uncertainty.

Australians are being warned to stay vigilant as online shopping scams surge during Black Friday, with losses exceeding AUD $14.9 million this year.

Cyber incidents in Australia now average AUD $4.26 million per breach, a 27% rise since 2020, highlighting urgent cybersecurity needs.

The federal government is set to impose fines of up to AUD $50 million on companies failing to implement effective measures against rising fraud.

A report reveals that 60% of banking leaders are integrating generative AI technology into operations, outpacing other sectors in adoption rates.

Nationwide has been appointed as a National Ambassador for the National Cyber Resilience Centre Group, aiming to enhance cyber defences for UK SMEs.

As Black Friday approaches, retailers are urged to adopt advanced payment technologies to tackle rising fraud and ensure smooth transactions.

Jumio has appointed Mike Nawrocki as Chief Revenue Officer, bringing over 25 years of sales leadership to enhance its identity verification solutions.

CommBank has unveiled new security features for its mobile app, including digital wallet reviews and scam warnings, to enhance customer protection against fraud.

OneStream has unveiled its Sensible AI Library and OneStream Genesis, designed to enhance CFOs' efficiency in financial workflows through innovative AI solutions.

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.