ChannelLife Australia logo
Industry insider news for Australia's technology resellers

Fraud news stories - Page 3

Story image
Fraud
Global attack volume down, but fraud and cyber threats still going strong
“The move to digital, for both businesses and consumers, has been significant. Yet with this change comes opportunity for exploitation. Fraudsters look for easy targets: whether government support packages, new lines of credit or media companies with fewer barriers to entry."
Story image
Amazon Web Services / AWS
AWS launches fully-managed fraud detection service
Businesses lose billions of dollars to online fraud every year, however businesses respond by investing in cumbersome fraud management solutions that often rely on hand-coded rules and are difficult to keep up to date.
Story image
Unisys
Natural disasters, card fraud Kiwis’ top security concerns
A study by Unisys reveals the security concerns of Kiwi consumers in the world of COVID-19.
Story image
Cloud
Nuance revamps AI authentication to protect seniors from fraud
The tool utilises intelligence voice detection capabilities to let enterprises identify if callers are over the age of 65 and, if so, prioritise their call, get them to a live agent for service and better protect them from fraud.
Story image
Commerce Systems
Mastercard and Ethoca look out for A/NZ retailers with support package
"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.”
Story image
Employment
Data theft & fraud lead to growth in employment screening services
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.
Story image
Online fraud
NZ credit bureau Centrix co-develops fraud detection service
The service has been put through a robust Privacy Impact Assessment and it was developed in accordance with New Zealand’s current privacy legislation.
Story image
Compliance
GBG rolls out anti-fraud solutions to protect against financial crime
“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."
Story image
ATM
Card skimming tech seized in Auckland
Two people were arrested on charges of importing goods for a dishonest purpose, including skimming devices and a card writing machine.
Story image
Fintech
Hong Kong counts the opportunities and costs of leading fintech adoption rates
High early adoption rates and extensive mobile device use make Asia the ideal testing ground for fintech development.
Story image
Cybersecurity
Black Friday fraud: Who foots the bill?
“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."
Story image
Government
Beating public sector procurement fraud – SAS
The single biggest source of crime experienced by public sector entities is the internal employee in a position of trust.
Story image
Online fraud
Cost of fraud averaging 3.4 times lost transaction value - study
The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.
Story image
Ransomware
Stairway to hell: Scams, ransomware, and $6.5m gone from Kiwis' pockets
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.
Story image
Artificial Intelligence
ThetaRay offering uses AI against financial cybercrime
ThetaRay version 4.0 enable banks to pinpoint activity that suggests money laundering, terrorist financing, human and drug trafficking, and other financial crimes.
Story image
Cybersecurity
Rapid increase in AI to detect fraud
"Criminals are finding new ways to exploit technology to commit schemes and target victims."
Story image
Online fraud
How YouAppi aims to enable effective detection of fraudulent traffic
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.
Story image
Domain Names
Domain fraud rampant as criminals cash in
Cybercriminals are cashing in on domain fraud for almost every possible reason – to impersonate businesses, events, and even trusted leaders and celebrities.
Story image
Artificial Intelligence
AI for fraud detection to triple by 2021 - ACFE
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.
Story image
Compliance
Meeting the card payment industry’s compliance requirements - Kemp
Combating CNP (card not present) fraud has become a key priority across the entire eCommerce community.
Story image
Compliance
Top three ways to improve financial compliance for your business
“Companies can mitigate risk of fraud by creating a strong compliance culture, and by implementing and enforcing strong policies around spend management.”
Story image
Analytics
How finance leaders can drive growth and avoid risk
“The CFO and finance team are crucial to an organisation’s success."
Story image
Cryptocurrency
‘Blockchain bandits’ brute-forcing weak Ethereum private keys
Independent Security Evaluators (ISE) has found that poorly implemented private key generation is facilitating the theft of cryptocurrency.
Story image
Cybersecurity
$33 million lost to scams & fraud: Netsafe says NZ isn't doing enough to stop it
" 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.