Online fraud stories
1 in 3 UK customers wary of AI-generated ads: Menlo Security
One in Three UK consumers believes that over half of online ads are now AI generated but are unaware of how risky they are to click on.
Australians hit hard by online scams and fraud this year
The Government has boosted its funding to combat online scams and fraud, as Australians have now lost almost AUD $200 million to scammers this year alone.
Mastercard ramps up fraud protection for eCommerce
Tie-up offers MPGS customers access to Vesta’s Payment Guarantee and Payment Protect solutions, resulting in higher transaction approval rates.
Cloudflare takes on online fraud detection market
“Customers have long trusted us to help protect them online, and now we’re taking that even further by tackling online fraud."
67% rise in fraud losses in the UK in 2022, says money.co.uk
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.
Now bots are robocalling to phish for two-factor authentication codes
The latest specialised bots now make it far easier and quicker for fraudsters to fool their targets into providing their authentication codes or OTPs.
Norton says the economy will shape threat landscape in 2023
Norton has released new research that details the top cyber trends to watch in 2023, emphasising that the economy will have the most significant impact on the spread of cybercrime next year.
Norton study highlights Kiwi's risky eCommerce behaviours
Nearly a quarter of New Zealanders (22%) surveyed said they tend to take more risks when online shopping during the holiday season than other times of the year.
Case study: Why cybersecurity insurance is essential for your business
Death and taxes are inevitable. So too is the rise of cyber incidents hitting organisations where it hurts most: the bottom line.
The growing threat of CEO fraud and how to mitigate it
By posing as the CEO or other senior figures, attackers guarantee that malicious emails get employees' attention. Many employees are reluctant to question a request from their CEO, so they usually provide the information.
Accent scales up its eCommerce business with Forter
Forter has partnered with the Accent Group to help automate and scale the footwear firm’s eCommerce business, using its Trusted Conversions solution.
Save the Children selects Forter to curb donation fraud
Forter partners with Save the Children Australia to reduce card testing fraud by deploying the company’s Trusted Conversions solution.
Asia’s data privacy landscape is ‘coming of age’ – how can businesses cope?
Identity theft and online fraud are becoming more prevalent than ever. A recent IBM study revealed that stolen or compromised credentials were responsible for 19% of data breaches this year.
L’Occitane Japon reduces fraud with Forter’s platform
L’Occitane Japon increases revenue, reduces chargebacks and fraud, and creates a seamless customer experience with Forter’s fully automated platform.
Digital commerce fraud: What it is and how to stop it
Australia and New Zealand have experienced a 15% spike in sales from the previous year, continuing a trend that accelerated during the pandemic as the world turned to online shopping.
6 significant changes to online fraud we saw in 2021
After a busy year in the cybersecurity and online fraud prevention space, the co-founders of SEON Fraud Prevention weigh in on the top trends that changed fraud in 2021.
Online credit card fraud on the rise leading up to holiday season
Analysis from AusPayNet serves as a reminder for consumers and merchants to be vigilant online this holiday season, with research indicating a significant increase in credit card fraud.
F5 extends Shape Security portfolio to protect against account takeover attacks
F5 has announced multiple security offerings with the intention of helping to safeguard digital experiences with comprehensive account takeover protection.
AI-driven counter fraud platform utilised by eftpos to help prevent cybercrime
Debit card system eftpos has initiated a new AI-driven counter fraud platform for their technology in an effort to prevent online cybercrime and fraud in Australia.
Video: 10 Minute IT Jams — Who is Forter?
Today we introduce Forter, an organisation that specialised in fraud detection in eCommerce.
GBG and SEON strengthen online fraud prevention for financial institutions
SEON’s technology is fully integrated into the GBG Intelligence Center to effectively use email, IP, phone, and social media as alternative data for fraud detection, while meeting compliance and data privacy needs.
Scams number one online crime
“Today scam is more than just solitary fraudulent web pages, it’s an entire industry with advanced technologies under the hood."
Forter doubles revenue in 12 months, raising $300 million for a $3 billion valuation
Forter has doubled its revenue in the last 12 months, raising $300 million for a $3 billion valuation.
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.