eCommerceNews UK - Technology news for digital commerce decision-makers

Online fraud stories

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1 in 3 UK customers wary of AI-generated ads: Menlo Security
Fri, 16th Jun 2023
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malware
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cloud security
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cybersecurity
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.
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Australians hit hard by online scams and fraud this year
Wed, 17th May 2023
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cybersecurity
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australian federal budget
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accc
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.
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Mastercard ramps up fraud protection for eCommerce
Fri, 12th May 2023
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payment gateways
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omnichannel
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apac
Tie-up offers MPGS customers access to Vesta’s Payment Guarantee and Payment Protect solutions, resulting in higher transaction approval rates.
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Cloudflare takes on online fraud detection market
Wed, 22nd Mar 2023
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cybersecurity
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cloudfare
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online fraud
“Customers have long trusted us to help protect them online, and now we’re taking that even further by tackling online fraud."
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67% rise in fraud losses in the UK in 2022, says money.co.uk
Wed, 15th Mar 2023
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fintech
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cybersecurity
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online shopping
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.
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Now bots are robocalling to phish for two-factor authentication codes
Tue, 7th Feb 2023
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phishing
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cybersecurity
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online fraud
The latest specialised bots now make it far easier and quicker for fraudsters to fool their targets into providing their authentication codes or OTPs.
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Norton says the economy will shape threat landscape in 2023
Mon, 19th Dec 2022
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cybersecurity
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ai
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norton
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.
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Norton study highlights Kiwi's risky eCommerce behaviours
Thu, 3rd Nov 2022
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cybersecurity
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cyber criminal
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scams
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.
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Case study: Why cybersecurity insurance is essential for your business
Mon, 31st Oct 2022
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cybersecurity insurance
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phishing
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online fraud
Death and taxes are inevitable. So too is the rise of cyber incidents hitting organisations where it hurts most: the bottom line.
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The growing threat of CEO fraud and how to mitigate it
Tue, 4th Oct 2022
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cybersecurity
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online fraud
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secureworks
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.
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Accent scales up its eCommerce business with Forter
Fri, 30th Sep 2022
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cybersecurity
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partner programmes
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online fraud
Forter has partnered with the Accent Group to help automate and scale the footwear firm’s eCommerce business, using its Trusted Conversions solution.
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Save the Children selects Forter to curb donation fraud
Tue, 20th Sep 2022
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digital transformation
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cybersecurity
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trust company
Forter partners with Save the Children Australia to reduce card testing fraud by deploying the company’s Trusted Conversions solution.
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Asia’s data privacy landscape is ‘coming of age’ – how can businesses cope?
Wed, 14th Sep 2022
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cybersecurity
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breach prevention
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data breach
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.
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L’Occitane Japon reduces fraud with Forter’s platform
Mon, 12th Sep 2022
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digital transformation
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cx
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cybersecurity
L’Occitane Japon increases revenue, reduces chargebacks and fraud, and creates a seamless customer experience with Forter’s fully automated platform.
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Digital commerce fraud: What it is and how to stop it
Tue, 31st May 2022
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online shopping
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online fraud
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retailers
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.
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6 significant changes to online fraud we saw in 2021
Tue, 4th Jan 2022
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malware
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ransomware
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saas
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.
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Online credit card fraud on the rise leading up to holiday season
Thu, 16th Dec 2021
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cybersecurity
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online fraud
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credit card fraud
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.
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F5 extends Shape Security portfolio to protect against account takeover attacks
Thu, 9th Dec 2021
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online fraud
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user experience
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security
F5 has announced multiple security offerings with the intention of helping to safeguard digital experiences with comprehensive account takeover protection.
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AI-driven counter fraud platform utilised by eftpos to help prevent cybercrime
Thu, 2nd Dec 2021
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ai
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cybersecurity
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online fraud
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.
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Video: 10 Minute IT Jams — Who is Forter?
Thu, 25th Nov 2021
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online fraud
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banking industry
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forter
Today we introduce Forter, an organisation that specialised in fraud detection in eCommerce.
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GBG and SEON strengthen online fraud prevention for financial institutions
Wed, 8th Sep 2021
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seo
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partnerships
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online fraud
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.
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Scams number one online crime
Fri, 11th Jun 2021
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cybersecurity
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scams
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online fraud
“Today scam is more than just solitary fraudulent web pages, it’s an entire industry with advanced technologies under the hood."
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Forter doubles revenue in 12 months, raising $300 million for a $3 billion valuation
Fri, 28th May 2021
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commerce systems
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martech
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payment gateways
Forter has doubled its revenue in the last 12 months, raising $300 million for a $3 billion valuation.
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Nuance revamps AI authentication to protect seniors from fraud
Fri, 5th Jun 2020
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contact centre
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nuance
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online 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.
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