Fraud prevention stories - Page 4

As AI-enhanced scams become more sophisticated, Australians lost AUD $2.74 billion to scams in 2023. Experts advocate integrating identity management with fraud prevention to bolster security.

PPRO brings on board Bronwyn Boyle as the new Chief Information Security Officer. With over 20 years of experience, she will lead PPRO's security strategy, bolstering safety across all corners of the global local payments platform.

Cyber scammers exploit Evri, Amazon, and PayPal brands with phishing schemes, reveals a new study by tech retailer, Currys, indicating a rising threat of such scams.

SMS revolution's downside: Europe tackles fraud epidemic through stringent data laws and sender verification in fight to preserve trust.

ServiceSeeking teams with ConnectID to boost online protection for SMEs via reliable identity verification, curbing fraud risks and fostering a trusted ecosystem.

Basware has launched an AI-based solution, AP Protect, aimed at helping companies shield from invoice fraud and errors.

Commerce protection giant Signifyd appoints Nikhita Hyett as EMEA General Manager, leveraging her payment processing and fraud prevention expertise to boost operations in the region.

Ecommpay expands market reach in the UK and Europe, forecasting a 44% growth, by integrating Bacs and SEPA Direct Debit capabilities via GoCardless, enriching their payment suite for FinTech and e-commerce merchants.

Bertrand Dezard joins Mangopay as Head of Sales for Fraud, focusing on global growth and expansion of anti-fraud offerings, particularly in Europe and Latin America.

Australian businesses tighten cyber defences amid a 354% surge in account takeover fraud, resulting in a record $3.1B loss, calling for strategies that balance fraud prevention with user experience.

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.

FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.

European consumers value flexible return policies and payment options, posing a potential trillion-dollar return cost to retailers by decade's end.

Traceable AI, a key player in API security, celebrates its year with revenue upwards of 300%. In addition, the firm bolstered its executive team and initiated new products and partnerships.

Singtel introduces SingVerify, a novel digital security toolkit aimed at combating scams by verifying customer identities in real-time.

SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.

Data management leader Denodo earns high recognition from Forrester Research for next-gen enterprise data fabric support.

Amid a 55.7% surge in retail theft in New South Wales, Officeworks teams up with data analytics firm Appriss Retail to counter shrink across its 169 Australian stores.

Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.

Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.