Fraud prevention stories - Page 14

SquareX has won the 2025 Browser Security Solution of the Year award for its innovative platform that protects enterprises from complex browser threats.

More than half of firms faced deepfake fraud losses averaging USD $280,000 per incident, despite increased cybersecurity training and awareness efforts.

Only 18% of New Zealanders trust companies' use of AI, with 62% fearing it limits human contact, impacting spending and loyalty in customer service.

RCS offers Australian businesses a secure, interactive way to boost customer engagement and trust, tackling data privacy concerns amid rising scams.

AI-driven cyberattacks now cost firms on average USD $4 million and 100 days to recover, raising security to a vital business priority worldwide.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Finance leaders can enhance spend compliance by focusing audits on high-risk areas, using AI, automating checks, and applying data analytics for stronger controls.

Business leaders can build resilience amid economic uncertainty by modernising finance operations, improving cash flow, and leveraging technology to capture growth opportunities.

FICO has launched tailored AI models to enhance accuracy, transparency and trust in financial services, boosting fraud detection and compliance by over 35%.

Research reveals transport management is now key to company growth, with 96% adopting generative AI despite only 17% achieving full automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

CSC Digital Brand Services and CrowdStrike integrate domain security with Falcon platform to swiftly detect and enforce against malicious online threats.

Salesloft breach exposed sensitive data of 700+ firms, including Cloudflare and Palo Alto Networks, after hackers exploited OAuth tokens via a prolonged GitHub intrusion.

Airline fraud attempts have fallen 30% globally in H1 2025, with Europe seeing a record 50% drop, marking a major shift in fraud patterns.

FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

Australians lost over AUD $119 million to scams in early 2025, highlighting the urgent need for collective action from individuals, businesses and government.

AI-driven audit systems help businesses cut expense fraud by 60%, speed up reviews by 90%, and free finance teams to focus on growth and risk management.

Gartner names Daon a Leader in identity verification, citing its advanced biometric tech and AI defences against rising deepfake fraud threats worldwide.

LegitScript has launched automated Global Business Identity Check and U.S. TIN Verification to speed and improve merchant onboarding worldwide.