Fraud prevention stories - Page 21

Eighty-one per cent of European finance teams have increased automation to tackle regulatory pressures, boosting compliance and enabling strategic business roles.

NEXT partners with Infobip to boost shopper security, blocking 175,000 fake messages monthly and enhancing customer engagement with advanced RCS messaging.

Akamai has launched DNS Posture Management, offering centralised control over DNS assets across multicloud platforms to enhance security and compliance.

Significant rise in identity fraud targeting European firms, with 59% reporting more attacks despite 74% feeling confident in their defences, Signicat finds.

Skyfire partners with Cequence Security to enable secure, compliant digital access for autonomous AI agents in the emerging AI economy.

Adidas has suffered a data breach via a third-party provider, exposing customer information and highlighting rising cyber risks in retail supply chains.

Awareness of retail fraud surges via social media, with risks looming at USD $107bn by 2029 as consumers grow tempted and acceptance rises.

Cybersecurity firm Infoblox warns of Hazy Hawk, a threat actor hijacking DNS records from abandoned cloud resources to spread scams and malware worldwide.

DenizBank has adopted Red Hat OpenShift AI, accelerating AI model deployment and cutting development time from days to just 10 minutes in its financial services.

Temu has joined the International Anti-Counterfeiting Coalition's Marketplace Advisory Council to strengthen efforts against online counterfeit goods.

Ecommpay has been shortlisted for three awards at the PayTech Awards 2025, recognising innovation in payments, anti-fraud, and diversity leadership.

First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions' Cybercrime Report.

EU member states urge social media firms to verify advertisers to curb a EUR €4.3bn investment scam crisis sweeping across Europe.

BioCatch appoints Andreas Dombret as senior advisor to boost global growth and fight financial crime with innovative technology.

LexisNexis Risk Solutions will spotlight property, motor, and identity data enrichment at BIBA Conference 2025 to boost brokers' efficiency and customer experience.

Entercard adopts FICO's AI-powered platform to enhance fraud detection and prevention across the Nordic region, improving security and customer experience.

Outpost24 enhances its External Attack Surface Management platform with Social Media and Data Leakage modules to boost threat detection across digital channels.

FICO has launched FICO Marketplace, a platform connecting businesses with data and analytics providers to boost AI-driven decision-making and operations.

Recent cyberattacks on UK retailers like M&S and Harrods threaten sales and trust, costing M&S up to GBP £1 million daily amid growing ecommerce risks.

Ageas adopts LexID for Insurance from LexisNexis to unify data for over 4 million policyholders, aiming to improve underwriting and personalise services.