Fraud stories

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

A new study by Modulr reveals that 96% of European travel leaders find their payment systems inadequate, leading to inefficiencies and wasted time.

A Forrester Research report reveals that the rise of deepfake technology poses significant risks for businesses, with scams costing firms millions.

In 2024, Kaspersky blocked over 893 million phishing attempts, a 26% rise from 2023, as cybercriminals exploited trusted brand names to deceive users.

Telstra and CommBank have announced an extension to their partnership, introducing new 'Fraud Indicator' technology to enhance fraud detection and protect against identity theft.

A Thales survey reveals that one-third of UK residents are storing official ID on their phones, raising alarms over potential identity fraud.

Kapwork has launched its innovative Kapwork Verify platform to automate invoice factoring, claiming a potential 20% cut in operational costs for businesses.

Report It Now raises alarm over the inadequate whistleblowing infrastructure in Australian firms, jeopardising Environmental, Social, and Governance commitments.

Cryptocurrency scams have surged in the UK, with victims losing GBP £306 million in 2023, prompting warnings for greater vigilance in the digital currency market.

Juniper Research has highlighted Sendbird, Front, and Sleekglow as top disruptors in the mobile messaging sector for 2025, aiming to challenge established players.

CloudSEK's latest report reveals how cybercriminals exploit Zendesk's subdomain feature to create convincing phishing scams, risking brand trust and security.

As Australian airlines brace for the bustling holiday season, they face a rising tide of malicious bots threatening customer trust and revenue.

PayPal's latest research reveals a 9% rise in risky shopping habits among Australians ahead of Boxing Day, raising alarm over potential scams.

Cequence warns businesses could face average losses of USD $2.58 million per hour this December due to surging malicious bot traffic and fraud.

LexisNexis Risk Solutions has announced plans to acquire IDVerse, aiming to enhance its fraud management capabilities with AI-powered technology.

iProov has integrated its biometric authentication platform with Microsoft Entra ID, enhancing security for over 345 million users against identity fraud.

A new survey reveals that 86% of UK SME employees fear rising cyber threats from AI and deepfakes, with many lacking confidence to identify risks.

As Australia braces for 2025, key IT security trends like deepfakes and ransomware require organisations to adapt swiftly to emerging threats.

Cybersecurity experts at AppOmni warn that AI will empower attackers, making SaaS applications more vulnerable to sophisticated breaches in the coming years.

Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.