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Fraud Stories - Page 12

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AI scams prompt need for advanced fraud-detection technologies
Email Security

AI scams prompt need for advanced fraud-detection technologies

Urgency grows for advanced fraud-detecting tech amid rising AI-backed scams, with a McDonald's scam highlighting the potential for proactive AI defence mechanisms.

By Catherine Knowles • 3 min read • Thu, 25th Apr 2024
New ITW Global Leaders Forum code targets international voice fraud
Unified Communications

New ITW Global Leaders Forum code targets international voice fraud

The ITW Global Leaders Forum and i3Forum have updated their industry-based code to combat International Revenue Share Fraud within the international voice market, targeting the use of premium rate numbers.

By Kaleah Salmon • 3 min read • Thu, 25th Apr 2024
Basware unveils AI-powered solution to combat invoice fraud
Artificial Intelligence

Basware unveils AI-powered solution to combat invoice fraud

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

By Shannon Williams • 3 min read • Thu, 25th Apr 2024
Three ways employees can spot a deepfake scam
Multi-factor authentication

Three ways employees can spot a deepfake scam

As deepfake scams surge globally, employees are urged to be vigilant and adopt common-sense checks, including 'liveness' checks and using internal codewords.

By Sadiq Iqbal • 5 min read • Thu, 18th Apr 2024
Biometrics market projected to reach USD $173.7bn by 2032, says report
Surveillance

Biometrics market projected to reach USD $173.7bn by 2032, says report

The surge in demand for secure identification boosts the market valuation of biometrics technology, set to rise from USD $50.3bn in 2023 to USD $173.7bn by 2032, according to DataHorizzon Research.

By Kaleah Salmon • 3 min read • Wed, 17th Apr 2024
BlackLine launches AI tool to revolutionise financial risk analysis
Risk & Compliance

BlackLine launches AI tool to revolutionise financial risk analysis

Digital finance firm, BlackLine, unveils its AI-driven Journals Risk Analyser, an innovation set to revolutionise audits, risk management, and compliance in the finance sector.

By Sean Mitchell • 2 min read • Fri, 12th Apr 2024
Radware unveils latest version of AI-based Bot Manager
Firewalls

Radware unveils latest version of AI-based Bot Manager

Cybersecurity firm Radware introduces a new Bot Manager to proactively mitigate advanced bot attacks whilst ensuring genuine user experience.

By Tom Raynel • 3 min read • Tue, 2nd Apr 2024
Financial institutions increasingly deploy AI in fight against fraud
Risk & Compliance

Financial institutions increasingly deploy AI in fight against fraud

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.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024
PPRO bolsters leadership with new legal & compliance appointments
Fintech

PPRO bolsters leadership with new legal & compliance appointments

PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.

By Imee Dequito • 3 min read • Mon, 11th Mar 2024
Are C-suite executives cybersecurity's weakest link?
Ransomware

Are C-suite executives cybersecurity's weakest link?

C-suite executives, often the weakest security link in organisations, are a significant target for cyber threats, amid a surge in cyber attacks.

By Shannon Williams • 3 min read • Fri, 8th Mar 2024
Generative AI set to reshape anti-fraud efforts by 2024
Robotics

Generative AI set to reshape anti-fraud efforts by 2024

83% of anti-fraud professionals to deploy generative AI in anti-fraud activities within two years, says 2024 Anti-Fraud Technology Benchmarking Report, despite earlier lag behind expectations.

By Catherine Knowles • 3 min read • Fri, 23rd Feb 2024
Appdome bolsters mobile fraud fight with Geo Compliance feature set
Risk & Compliance

Appdome bolsters mobile fraud fight with Geo Compliance feature set

Mobile app security firm Appdome introduces Geo Compliance feature set to fight mobile fraud and aid brands in verifying user location.

By Catherine Knowles • 3 min read • Mon, 19th Feb 2024
SpendConsole expands AI-powered AP automation to Dubai
Advanced Persistent Threat Protection

SpendConsole expands AI-powered AP automation to Dubai

AI-powered accounts payable firm SpendConsole expands into the Middle East, opening a new office in Dubai amidst rising demand for automation solutions.

By Sean Mitchell • 2 min read • Fri, 16th Feb 2024

Stories from Other Regions

Fraud stories

The messaging evolution and the fight against fraud
Data Protection

The messaging evolution and the fight against fraud

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

By John Bruner • 8 min read • Fri, 26th Apr 2024
Customers vs banks - Where should the buck stop in preventing finance scams?
Advanced Persistent Threat Protection

Customers vs banks - Where should the buck stop in preventing finance scams?

As cybercrime rates surge, Australia's major banks grapple with responsibility for preventing financial scams, prompting critical discourse on customer versus bank account protection roles.

By Nathan Wenzler • 3 min read • Wed, 24th Apr 2024
Adyen report unveils Singapore's evolving fintech landscape
Digital Transformation

Adyen report unveils Singapore's evolving fintech landscape

Adyen's 2024 Retail Report reveals swift adoption of cashless transactions in Singapore, with 31% ditching wallets and 47% comfortable with QR codes.

By Tom Raynel • 3 min read • Mon, 8th Apr 2024
AI-powered localised scams on the rise, banking fraud trend takes off
Advanced Persistent Threat Protection

AI-powered localised scams on the rise, banking fraud trend takes off

BioCatch warns of increasing trend of fraudsters using AI to personalise scams across Europe, with digital fraud and financial crime escalating. Meanwhile, the UK sees notable drop in voice scams.

By Catherine Knowles • 3 min read • Fri, 29th Mar 2024