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Fraud Stories - Page 11

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APAC eCommerce businesses facing major bot threats
eCommerce

APAC eCommerce businesses facing major bot threats

Akamai's State of the Internet report reveals 42% of web traffic is bot-driven, with 65% being malicious, posing severe risks to the eCommerce sector.

By Shannon Williams • 3 min read • Fri, 5th Jul 2024
Surge in cybercrime on Telegram highlights security concerns
Distributed Denial of Service

Surge in cybercrime on Telegram highlights security concerns

Kaspersky reports a 53% rise in cybercriminal activity on Telegram between May and June 2024, highlighting the platform's growing appeal for fraud, DDoS attacks, and data leaks.

By Catherine Knowles • 3 min read • Thu, 4th Jul 2024
Mobile app security survey reveals robust consumer demand
Artificial Intelligence

Mobile app security survey reveals robust consumer demand

Survey reveals a dramatic rise in consumer demand for mobile app security, fraud prevention, and privacy measures, with 99.5% of users seeking robust protections.

By Shannon Williams • 3 min read • Thu, 27th Jun 2024
BioCatch report underscores evolving fraud landscape in APAC
Endpoint Protection

BioCatch report underscores evolving fraud landscape in APAC

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

By Catherine Knowles • 3 min read • Wed, 26th Jun 2024
Report reveals a 23% rise in global ad fraud schemes
Generative AI

Report reveals a 23% rise in global ad fraud schemes

APAC's ad market is set to grow 8.5% to USD $289 billion in 2024, amid rising AI-driven ad fraud and evolving media quality trends.

By Shannon Williams • 3 min read • Wed, 19th Jun 2024
Panaseer predicts SEC reports could see up to 2600 NIST mentions
Data Analytics

Panaseer predicts SEC reports could see up to 2600 NIST mentions

Cybersecurity firm Panaseer forecasts that SEC reports may see up to 2,600 mentions of NIST in 2024, a significant increase driven by new SEC rules enforcing detailed cybersecurity disclosures.

By Kaleah Salmon • 4 min read • Wed, 19th Jun 2024
Traceable AI uncovers growing API security issues in finance
Risk & Compliance

Traceable AI uncovers growing API security issues in finance

A report from reveals critical API security flaws plaguing the US financial sector, with 82% of institutions concerned about regulatory compliance.

By Shannon Williams • 3 min read • Thu, 13th Jun 2024
Ticketmaster cyberattack - what lessons can be learnt?
Firewalls

Ticketmaster cyberattack - what lessons can be learnt?

The Ticketmaster data breach affected 560 million people, with personal data being sold for USD $500 million. AI-powered SIEM systems emerge as key in preventing such cyberattacks.

By Sean Abbott • 4 min read • Fri, 7th Jun 2024
Appdome launches SDKProtect to secure mobile development
Endpoint Protection

Appdome launches SDKProtect to secure mobile development

Appdome launches SDKProtect to enhance mobile SDK security. This service aims to counteract threats like root detection evasion and data tampering, ensuring safer applications.

By Imee Dequito • 3 min read • Wed, 5th Jun 2024
NFT Workx launches .WRKX domain to combat counterfeits online
Customer Experience

NFT Workx launches .WRKX domain to combat counterfeits online

NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.

By Shannon Williams • 3 min read • Wed, 29th May 2024

Stories from Other Regions

Fraud stories

ANZ Plus launches digital identity service with ConnectID
Marketing Technologies

ANZ Plus launches digital identity service with ConnectID

ANZ Plus partners with ConnectID to launch a Digital Identity service, simplifying and securing identity verification for customers, enhancing data privacy and reducing fraud.

By Catherine Knowles • 3 min read • Wed, 19th Jun 2024
Group-IB helps bust Southeast Asian cyber fraud syndicate
Cybersecurity

Group-IB helps bust Southeast Asian cyber fraud syndicate

Group-IB aided a tri-nation police operation that dismantled a cyber fraud syndicate, linking it to over 1,899 cases in Singapore and losses exceeding USD $25 million.

By Kaleah Salmon • 3 min read • Tue, 18th Jun 2024
Lucinity launches AI copilot plug-in at Money2020 Europe
Customer Relationship Management

Lucinity launches AI copilot plug-in at Money2020 Europe

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

By Sean Mitchell • 3 min read • Mon, 10th Jun 2024
Finance professionals lead in AI adoption, report reveals
Crypto

Finance professionals lead in AI adoption, report reveals

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

By Melania Watson • 3 min read • Fri, 7th Jun 2024
Cyber risk is keeping the Australian enterprise on its toes
Ransomware

Cyber risk is keeping the Australian enterprise on its toes

Australian organisations need to keep cyber risks in check to avoid incidents and liabilities.

By Simon Howe • 4 min read • Thu, 6th Jun 2024
Bitdefender launches AI scam detector Scamio on WhatsApp in Australia
Advanced Persistent Threat Protection

Bitdefender launches AI scam detector Scamio on WhatsApp in Australia

Bitdefender has unveiled Scamio on WhatsApp in Australia, offering an AI-powered tool to tackle online fraud, responding to a high occurrence of scams.

By Sean Mitchell • 2 min read • Mon, 27th May 2024
Report reveals 76% of banks face sophisticated fraud threats
Biometrics

Report reveals 76% of banks face sophisticated fraud threats

Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.

By Shannon Williams • 3 min read • Fri, 10th May 2024