Credit card fraud stories

FICO's UK report warns of rising first-party fraud amid financial strain, as average credit card balances grow and missed payments increase year-on-year.

Reports indicate a staggering 63% rise in the misuse of savings accounts for fraud in the UK last year, outpacing a 12% increase in current accounts.

Kaspersky's latest report reveals a staggering 196% spike in smartphone malware attacks in 2024, with Trojan banker incidents tripling compared to last year.

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

The travel industry is increasingly under siege from malicious bots, which now make up 44.5% of sector traffic, threatening airline revenue and customer security.

As the festive season approaches, shoppers must be vigilant against clever scams as cybercriminals target eager buyers with deceptive tactics.

Cybercriminals launched over 38 million phishing attacks in 2024, with a 25% rise in threats targeting online retailers amid Black Friday sales.

As shoppers gear up for the festive season, Australians are being cautioned about a rise in online scams amid a forecasted spend of AUD $11.8 billion.

In a new article, Shira Itzhaki from Forter examines the dual role of bots in eCommerce, highlighting the challenge of distinguishing harmful from helpful bots.

Thirteen per cent of Australians have fallen victim to identity theft, highlighting urgent concerns over financial stability and mental health, says Norton.

Zeller’s new Terminal 2 promises to revolutionise Australia's point-of-sale market with its all-in-one payments and POS solution, priced at AUD $199.

New research shows a rise in malicious bot activity within the travel sectoe, with just 51.1% of traffic generated by humans.

ZORRZ partners with SaaScada to launch BlueAccess, a credit card promoting financial inclusion for immigrants, refugees, and those with poor credit history.

UK shoppers cause rise in return fraud: 38% admit to fraudulent behaviour in the past year, reveals Loop report, putting retailers under strain.

A report by Uswitch noted that UK citizens lost GBP £1.2 million to credit card fraud in 2022, with an emphasis on thefts in Ireland and America.

Finance emerged as the sector most targeted by data breaches in 2023, with 27% of incidents, despite an 81% decrease in the insurance sector, says Kroll report.

Aussies lost around $3.1bn in 2022 due to online scams, warns the Australian Competition and Consumer Commission and cloud security firm Akamai.

The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.

Identity deception and theft have evolved with the rise of digital engagement, creating a need for stronger security measures.

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