Fraud stories

Complaints about fraud and scams hit a six-year high, with more than half involving bank transfers, as cybercriminals target mobile devices, says FOS.

Okta has launched new identity management tools, including Identity Security Posture Management, aimed at enhancing security for financial services amid escalating cyber threats.

DoubleVerify's guide offers APAC marketers enhanced tools for digital advertising ROI by focusing on media quality metrics, addressing gaps found in a recent WARC report.

SmartBear appoints Ron Trackey as SVP of Product Management and Design, aiming to leverage his 30 years of global tech expertise to enhance its product strategy.

Optus's Call Stop saved Australians an estimated USD $250 million from scams, blocking 23 million calls and 36 million SMS last quarter in a major anti-fraud initiative.

Malwarebytes launches a new cyber protection platform, featuring an all-in-one dashboard with real-time guidance, as consumer threats hit unprecedented highs.

As Australia's superannuation assets reach $3.3 trillion, cybercriminals increasingly target these lucrative funds. Transmit Security and Wrkr partner to defend super funds.

Australian retailers are facing a surge in returns fraud amid economic hardship. Loop reports 60% of retailers affected.

Kickstarting your digital transformation with finance can yield quick, measurable gains. Mid-sized enterprises are urged to prioritise this back-office function to boost efficiency and strategic planning amidst economic uncertainties.

Trend Micro has enhanced its platform to tackle AI-based deepfake fraud, addressing rising security threats as criminals increasingly adopt AI technology.

Outpayce from Amadeus has partnered with Etraveli Group to enhance fraud detection in travel payments, leveraging Etraveli's Precision risk management system for accurate, real-time transaction screening.

A new report reveals 81% of APAC businesses view cross-sector collaboration as crucial against fraud, but competitive desires impede wider participation.

Appdome has bolstered its Geo-Fraud Detection service with Geo-Location Fencing and Geo Desync Attack Detection to better protect mobile apps from location-based fraud.

As eCommerce expands towards an estimated market value of USD $9.3 trillion by 2027, combining network tokenisation and Click to Pay can help merchants enhance security and convenience, reducing cart abandonment and boosting customer loyalty.

A PayPal study reveals 97% of Australians have faced online scam attempts, with most turning to millennials for tech safety support.

Enzoic introduces a Global Partner Program to combat compromised credentials, identity theft, and payment card fraud, offering threat intelligence solutions and Dark Web monitoring.

The Labour Party's landslide victory heralds a seismic shift in UK politics, with significant implications for the tech industry and digital transformation.

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.

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.

The Ministry of Justice's latest crime survey reveals a surge in online fraud, highlighting an urgent need for a coordinated multi-agency response, says Netsafe.