Fraud Stories - Page 12

Australian Stories

Fraud stories

Ransomware

Cyber risk is keeping the Australian enterprise on its toes

Australian organisations need to keep cyber risks in check to avoid incidents and liabilities.

By Simon Howe • 4 min read • Thu, 6th Jun 2024

Advanced Persistent Threat Protection

Bitdefender launches AI scam detector Scamio on WhatsApp in Australia

Bitdefender has unveiled Scamio on WhatsApp in Australia, offering an AI-powered tool to tackle online fraud, responding to a high occurrence of scams.

By Sean Mitchell • 2 min read • Mon, 27th May 2024

Artificial Intelligence

AI's role in global digital fraud exposed by BioCatch study

A BioCatch study reveals that artificial intelligence (AI) is increasingly used by criminals for financial crime and digital fraud, posing significant challenges to global financial institutions.

By Catherine Knowles • 3 min read • Wed, 1st May 2024

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

Global Stories

Fraud stories

Firewalls

Ticketmaster cyberattack - what lessons can be learnt?

The Ticketmaster data breach affected 560 million people, with personal data being sold for USD $500 million. AI-powered SIEM systems emerge as key in preventing such cyberattacks.

By Sean Abbott • 4 min read • Fri, 7th Jun 2024

Endpoint Protection

Appdome launches SDKProtect to secure mobile development

Appdome launches SDKProtect to enhance mobile SDK security. This service aims to counteract threats like root detection evasion and data tampering, ensuring safer applications.

By Imee Dequito • 3 min read • Wed, 5th Jun 2024

Customer Experience

NFT Workx launches .WRKX domain to combat counterfeits online

NFT Workx and Unstoppable Domains launch .WRKX Web3 domain, enabling tokenised identities to combat counterfeiting.

By Shannon Williams • 3 min read • Wed, 29th May 2024

Fintech

Australian firms see customer rates hit by increasing fraud

LexisNexis Risk Solutions' study reveals 80% of Australian firms recognise fraud significantly impacting customer conversion rates.

By Shannon Williams • 3 min read • Thu, 2nd May 2024

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

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

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

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

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

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

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

Stories from Other Regions

Fraud stories

Customer Relationship Management

Lucinity launches AI copilot plug-in at Money2020 Europe

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

By Sean Mitchell • 3 min read • Mon, 10th Jun 2024

Crypto

Finance professionals lead in AI adoption, report reveals

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

By Melania Watson • 3 min read • Fri, 7th Jun 2024