Fraud prevention stories - Page 17

Fraud losses in the UK rose to GBP £629.3m in early 2025 despite banks blocking GBP £870m in unauthorised fraud attempts, driven by online scams.

Nearly half of UK shoppers plan to use AI agents for holiday shopping, showing growing trust despite some security concerns ahead of the peak season.

A survey shows 73% of shoppers use AI tools, raising new fraud risks and liability concerns for merchants during the rise of agentic commerce.

FICO has secured ten new patents to enhance Responsible AI, boosting transparency and fraud prevention across numerous sectors globally.

Visa's new Acquirer Monitoring Programme, effective October 2025, imposes stricter fraud and dispute thresholds, charging USD $8 per transaction dispute over 2.2%.

Bitsight launches Brand Intelligence, an AI tool to detect and swiftly tackle phishing and brand threats targeting companies and executives.

NoSpamProxy launches 25Reports, a tool to simplify DMARC monitoring, offering clear insights and alerts to protect organisations from email fraud and spoofing.

SquareX has won the 2025 Browser Security Solution of the Year award for its innovative platform that protects enterprises from complex browser threats.

More than half of firms faced deepfake fraud losses averaging USD $280,000 per incident, despite increased cybersecurity training and awareness efforts.

UK banks have refunded GBP £112m to victims of APP fraud under new rules, yet scam levels continue to rise, prompting calls for stronger prevention measures.

AI-driven cyberattacks now cost firms on average USD $4 million and 100 days to recover, raising security to a vital business priority worldwide.

Willo secures GBP £3 million to boost AI-driven job application checks amid rising fraud, expanding its reach in the US and launching new verification tech.

Nearly three-quarters of UK and Ireland consumers now trust AI assistants, with 79% confident chatbots provide reliable help, says IBM study.

The UK's new digital ID scheme aims to cut fraud by GBP £1.6bn yearly but faces concerns over inclusion, innovation, and effective implementation from experts.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Credas has launched its Compliance Wallet to reduce duplication and speed up property sector compliance checks with 15 million wallets available at launch.

CoopVoce partners with BICS to manage and secure its international voice traffic, enhancing service quality and fraud protection for 2.3 million Italian customers.

FICO has launched tailored AI models to enhance accuracy, transparency and trust in financial services, boosting fraud detection and compliance by over 35%.

Research reveals transport management is now key to company growth, with 96% adopting generative AI despite only 17% achieving full automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.