Fraud stories - Page 2

"In making Ethoca Alerts available to qualifying retailers around New Zealand and Australia for no charge, Ethoca hopes to provide local businesses with a little relief as they adapt to their new way of working.”>>

According to research data from PreciseSecurity, the entire global employment screening services market could reach US$4.8 billion by 2023, reflecting a 7.5% year on year growth.>>

The service has been put through a robust Privacy Impact Assessment and it was developed in accordance with New Zealand’s current privacy legislation.>>

“To aid in that fight, GBG offers a layered digital fraud and compliance solution which unifies data across vertical silos to improve financial crime detection accuracy across the customer journey.">>

Two people were arrested on charges of importing goods for a dishonest purpose, including skimming devices and a card writing machine.>>

High early adoption rates and extensive mobile device use make Asia the ideal testing ground for fintech development. >>

“Given the incredibly high volume of transactions over the coming weekend, and indeed the whole festive period, often merchants will accept that fraud will be higher than usual.">>

The single biggest source of crime experienced by public sector entities is the internal employee in a position of trust.>>

The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.>>

In just a three month period this year, New Zealanders reported more than 1000 cybersecurity incidents and financial losses of $6.5 million to CERT NZ.>>

ThetaRay version 4.0 enable banks to pinpoint activity that suggests money laundering, terrorist financing, human and drug trafficking, and other financial crimes.>>

"Criminals are finding new ways to exploit technology to commit schemes and target victims.">>

YouAppi aims to allow brands to make real-time adjustments and optimise marketing efforts in order to reach customers at any point in the funnel.>>

Cybercriminals are cashing in on domain fraud for almost every possible reason – to impersonate businesses, events, and even trusted leaders and celebrities.>>

While only 13% of organisations use AI and machine learning to detect and deter fraud, another 25% plan to adopt such technologies in the next year or two.>>

Combating CNP (card not present) fraud has become a key priority across the entire e-commerce community. >>

“Companies can mitigate risk of fraud by creating a strong compliance culture, and by implementing and enforcing strong policies around spend management.”>>

“The CFO and finance team are crucial to an organisation’s success.">>

Independent Security Evaluators (ISE) has found that poorly implemented private key generation is facilitating the theft of cryptocurrency. >>

" This is an issue that isn’t going away. More needs to be done or we will continue to see large numbers of New Zealanders suffering financial and psychological harm,” says Netsafe CEO Martin Cocker.>>

Nuance Communications has crunched the numbers and discovered that it has prevented more than US$1 billion worth of fraud from being passed on to users of its Nuance Security Suite.>>

Despite ongoing efforts to raise awareness about online scams and fraud, New Zealanders are still losing staggering amounts of money.>>

Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.>>

Its new solution uses machine learning to protect online and mobile channels, as well as meet compliance requirements for transactional risk analysis>>