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Fraud news stories - Page 2

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Microsoft
Not enough businesses have authentication protection - Microsoft
When it comes to our world online, protecting and defending our most valuable digital asset - our identity - is vital.
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Cybersecurity
Allure Security raises $6.8 million seed round in fight against digital fraud
Allure Security has raised a $6.8 million seed round as the company progresses in a $76 billion battle against digital fraud.
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Cryptocurrency
The wild west of cryptocurrency fraud & How Kiwis are getting stung
Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.
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Authentication
Southeast Asia sees growing demand for better electronic finance solutions
More than three in five respondents in SEA were found to want OTP via SMS in every e-payment transaction, and 57% want to see the implementation of two-factor authentication.
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Phishing
To click or not to click: What F-Secure learned from phishing 80,000 people
According to a new study from F-Secure, phishing emails mimicking HR announcements or asking for assistance with invoicing get the most clicks from recipients. 
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SaaS
6 significant changes to online fraud we saw in 2021
After a busy year in the cybersecurity and online fraud prevention space, the co-founders of SEON Fraud Prevention weigh in on the top trends that changed fraud in 2021.
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SaaS
How to ensure your business isn't scammed this Christmas
Increased activity this festive season can result in opportunities for fraud as people are distracted and busier than usual, leaving them less time to review all transactions carefully.
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Fraud
Forter strengthens eCommerce security with Trusted Identities
Trusted Identities protects against account takeovers that exploit consumer credentials and prevents fraudsters from abusing systems and policies by creating multiple accounts, the company states.
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Shopping
New Mastercard research focuses on safer shopping and spending habits
According to new research initiated by Mastercard, with the country slowly starting to open up, NZ consumers are starting to spend less money at home on items and more on experiences.
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Artificial Intelligence
Visa saves Kiwi businesses $88 million with AI-powered security
"We are investing more heavily than ever in technology that ensures a safe and secure marketplace - combatting fraud while enabling seamless, genuine transactions."
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CERT NZ
It's Fraud Awareness Week: How you can steer clear of scams and fraud
"If you control the amount of information you release, you can reduce the chance of someone stealing your identity.”
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Scams
Are banks, social media and telcos to blame for scam explosion?
Consumers think banks, retailers and mobile operators need to do more to protect them and their personal information from fraudsters.
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Fraud
FiVerity launches 'revolutionary' Cyber Fraud Network
"FiVerity's Cyber Fraud Network was created to solve problems and give financial institutions the tools they need to share information without violating their customers' privacy.”
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Fraud
Cost of fraud in Asia Pacific reaches almost $4 per transaction
A new study by LexisNexis Risk Solutions suggests that the cost of fraud in Asia Pacific tops almost US$4 for every transaction made.
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Fraud
Online payment fraud losses to exceed $206 billion, driven by identity theft
The pandemic has led to a surge in synthetic identity and account takeover fraud, which threaten the security of entire accounts, alongside associated payment data.
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Cybersecurity
Ping Identity acquires bot detection firm SecuredTouch
The company has also released a new personal identity solution to the market.
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Cloud
Scams number one online crime
“Today scam is more than just solitary fraudulent web pages, it’s an entire industry with advanced technologies under the hood."
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Cybersecurity
Cyber security breach reports rise 25%
The number of cyber security incidents reported in this country has risen 25 percent since the same time last year.
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Data Protection
Number porting fraud prompts extra measure from telcos
Telcos have banded together in an attempt to stamp out a relatively uncommon but potentially devastating type of fraud.
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Payment gateways
Forter doubles revenue in 12 months, raising $300 million for a $3 billion valuation
Forter has doubled its revenue in the last 12 months, raising $300 million for a $3 billion valuation.
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Compliance
Webinar: Managing fraud risk with a culture of compliance
Organisations are vulnerable to fraud and compliance risks that could deal significant damage if they are not properly protected and managed.
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Commerce Systems
Is fraud prevention costing eCommerce more than fraud itself?
By investing in advanced tools that access huge datasets, merchants get a better picture of what ‘good’ customers look like, meaning fewer are declined.
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Scams
New research reveals customer behaviour around fraud risks
"Timeliness is key, you must get the alert in front of people at the exact moment they are at risk of fraud. Without this, banks will continue to spend huge amounts of money on fraud prevention messaging that will never have an impact."
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Compliance
Video: 10 Minute IT Jams - Who is GBG?
In this IT Jam, we speak to GBG regional general manager for A/NZ Carol Chris.