Fraud Stories - Page 13

Kiwi Stories

Fraud stories

Netsafe launches online safety programme for seniors in New Zealand

Netsafe, a charitable organisation in New Zealand, has launched 'Get Set Up for Safety', a nationwide initiative to equip senior citizens with skills to combat online threats such as fraud and scams.

By Catherine Knowles • 3 min read • Thu, 15th Feb 2024

Malware

Combating cybercrime in NZ with a robust cybersecurity strategy

New Zealand businesses grapple with cybercrime's volatile threat landscape, as incidents across various sectors showcase the dire consequences. A nuanced approach to cybersecurity strategy is vital.

By Nyuk Loong Kiw • 6 min read • Wed, 17th Jan 2024

Global Stories

Fraud stories

Artificial Intelligence

'Artificial Inflation of Traffic' scams skyrocket in 2023

A Swedish report exposes a disturbing surge in Artificial Inflation of Traffic (AIT) fraud, with 20 billion fraudulent SMS messages costing organisations a total of $1.16 billion in 2023.

By Catherine Knowles • 3 min read • Thu, 15th Feb 2024

Advanced Persistent Threat Protection

Rise in Valentine's Day scamming on dating apps, warns Cequence Security

This Valentine's Day, Cequence Security's alarming research reveals an increase in scamming activity on dating apps, with fraudsters posing as romantic prospects to exploit users financially.

By Sean Mitchell • 3 min read • Wed, 14th Feb 2024

Phishing

Decline in trust with SMS platforms predicted by new XConnect study

A study by XConnect and Mobilesquared reveals CPaaS providers are expected to lose nearly a quarter of trust in SMS platforms between 2023 and 2025 due to potential fraud risks.

By Catherine Knowles • 3 min read • Thu, 8th Feb 2024

Hyperscale

SEON joins AWS ISV Accelerate Program to enhance fraud prevention

Online fraud prevention leader SEON steps into Amazon Web Service's Independent Software Vendor Accelerate Program, expanding its pioneering platform's accessibility and reach.

By Catherine Knowles • 2 min read • Wed, 7th Feb 2024

Digital Transformation

Riskified enhances Dispute Resolve to tackle Australian eCommerce fraud

Riskified's Dispute Resolve platform expands its services in Australia, aiming to aid merchants facing a post-holiday surge in chargebacks. The platform can streamline and accelerate revenue recovery through AI and gateway integrations.

By Sean Mitchell • 3 min read • Tue, 6th Feb 2024

EduTech

Data Privacy Day: Zoho highlights the need for more education

Data Privacy Day: Zoho stresses the vital need for businesses to educate themselves, increase transparency and bolster data privacy practices as AI use intensifies.

By Tom Raynel • 3 min read • Fri, 26th Jan 2024

Data Analytics

SAS lauded as leader in AML transaction monitoring by Chartis Research

In its inaugural AML transaction monitoring solutions evaluation, Chartis Research recognises analytics giant SAS as a category leader, underscoring its impressive capabilities in analytical modelling, risk typology modelling, and workflow automation.

By Sean Mitchell • 3 min read • Wed, 24th Jan 2024

Marketing Technologies

Instagram influencer marketing expected to hit USD $22 billion by 2025

HypeAuditor report predicts Instagram influencer marketing will reach a dramatic USD $22 billion by 2025, driven by a surge in social eCommerce and a shift to digital advertising.

By Kaleah Salmon • 3 min read • Mon, 22nd Jan 2024

Supply Chain

Dow Jones and Oliver Wyman launch predictive credit risk tool

Dow Jones partners with global consulting firm Oliver Wyman to develop Factiva Sentiment Signals, an AI-driven tool able to anticipate credit downgrades using news data, up to three months early.

By Catherine Knowles • 3 min read • Thu, 11th Jan 2024

Digital Transformation

Rising cyber threats challenge Southeast Asia's booming digital economy

As Southeast Asia's digital economy rapidly reaches $100bn, it is attracting cyber criminals, with 28% of businesses observing an increase in threats alongside their digital expansion.

By Catherine Knowles • 4 min read • Fri, 5th Jan 2024

Biometrics

Daon's xSentinel tackles synthetic audio threats through real-time detection

Daon has launched xSentinel, a real-time detection system designed to protect organisations from synthetic audio threats, including deepfakes and AI-generated voice attacks.

By Kaleah Salmon • 3 min read • Thu, 21st Dec 2023

Multi-factor authentication

AI to customise cyber threats, predicts cybersecurity firm Gen

Gen predicts AI will customise and escalate cyber threats by 2024, making cybersecurity a daily life necessity.

By Tom Raynel • 3 min read • Fri, 8th Dec 2023

Stories from Other Regions

Fraud stories

Blockchain

BT Group partners with Optiva for AI & blockchain integrated services

UK telecoms giant, BT Group, launches AI and blockchain services in collaboration with cloud specialist, Optiva, targeting banking, healthcare and insurance sectors.

By Catherine Knowles • 3 min read • Wed, 31st Jan 2024

Supply Chain

Artificial Intelligence: the catalyst for transformation in Australia's freight industry

AI-driven transformation is set to revolutionise Australia's freight industry, addressing challenges like driver shortages, underutilisation of capacity, and demand for real-time pricing and visibility.

By Cate Hull • 3 min read • Tue, 23rd Jan 2024

Network Infrastructure

McGrathNicol becomes Founding Partner in Australian Insider Risk Centre

Advisory firm McGrathNicol has joined the Australian Insider Risk Centre of Excellence as a Founding Partner, set to contribute towards enhancing Australia's cyber resilience.

By Kaleah Salmon • 3 min read • Wed, 17th Jan 2024

Customer Experience

Case Study: How Sportsbet revolutionised fraud prevention with Accertify

Sportsbet reduced fraud loss by over 80% and decreased chargebacks over 82% by collaborating with Accertify, revolutionising fraud prevention in the online wagering industry.

By Sean Mitchell • 3 min read • Fri, 15th Dec 2023