Online fraud stories - Page 1
Retail fraud awareness rises with social media, risks USD $107bn
Yesterday
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ecommerce
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youtube
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facebook
Awareness of retail fraud surges via social media, with risks looming at USD $107bn by 2029 as consumers grow tempted and acceptance rises.
Social media becomes top platform for retail scams in Australia
3 days ago
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cybersecurity
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online fraud
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gumtree
Social media and online forums have now surpassed email as the top platforms for retail scams in Australia, with losses exceeding AUD $2.5 million in 2024.
Facebook ads scam uses celebrity faces to spread malware
This month
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malware
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phishing
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email security
Facebook malvertising exploits images of stars like Elon Musk, promoting fake crypto brands to spread malware in Australia, New Zealand, and beyond.
Crypto job scams in Australia cost victims USD $9.3 billion
This month
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online safety
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online fraud
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cybercrime
An Infoblox investigation exposes how recruitment scams on Telegram target Australians with fake jobs, demanding crypto payments to continue employment.
Subscription & ‘mystery box’ scams surge with new tactics
Last month
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phishing
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email security
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cybersecurity
Bitdefender warns of over 200 sophisticated fraud sites using fake ads and subscriptions to scam consumers with deceptive 'mystery box' offers online.
Australian investors lose AUD $945 million to cyber scams
Last month
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malware
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vpns
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phishing
Australian investment scams have cost consumers AUD $945 million in 2024, driven by complex cybercriminal groups Reckless Rabbit and Ruthless Rabbit, says Infoblox.
AI bots drive 57% of holiday shopping traffic, study finds
Last month
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firewalls
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network security
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application security
Radware's 2025 report reveals 57% of 2024 holiday e-commerce traffic was from bots, marking a shift with AI-enhanced bots outpacing human shoppers online.
AI-powered scams surge online as Microsoft blocks USD $4bn
Last month
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phishing
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email security
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ai
Microsoft's report reveals a surge in AI-powered scams, blocking USD $4bn in fraud and detecting 1.6 million bot signups per hour online.
Google blocks 5.1 billion ads & boosts AI ad safeguards
Last month
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martech
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email security
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llms
Google blocked over 5.1bn ads and suspended 39.2m accounts in 2024, using AI advancements to combat ad scams and protect consumers.
Cifas reports sharp rise in UK identity fraud cases for 2024
Last month
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uc
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data protection
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ai
Fraud cases in the UK surged by 12.5% in 2024, with identity fraud now comprising 59% of reports, highlighting a worrying trend in cybercrime tactics.
Bitdefender unveils new family security plans for consumers
Last month
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cybersecurity
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bitdefender
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online fraud
Bitdefender has launched new Family Plans, offering tailored security solutions as cybercrime losses soar to over USD $1 trillion globally, ensuring families stay protected.
US leads global online fraud rates, new study reveals
Sun, 16th Mar 2025
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cybersecurity
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online fraud
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cybercrime
A recent study by ZeroBounce reveals the US leads globally in online fraud risk, with a staggering score of 64.2 and 83% of incidents occurring digitally.
Emerging multimedia Bitcoin scams use deceptive MMS videos
Tue, 25th Feb 2025
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physical security
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cybersecurity
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identity theft
A study by Proofpoint reveals a rise in Bitcoin scams utilising video attachments in multimedia messages, evolving from static images to deceive victims.
Romance scams reach six-year high, Moody's reports
Thu, 13th Feb 2025
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social media
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online fraud
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money laundering
Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.
Entrust launches AI identity tool to tackle USD $112bn fraud
Wed, 22nd Jan 2025
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data protection
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surveillance
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biometrics
Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.
eCommerce faces cybercrime losses of GBP £2.02m per hour
Thu, 19th Dec 2024
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martech
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commerce systems
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advanced persistent threat protection
Research from Cequence Security warns eCommerce firms could lose GBP £2.02 million per hour to cybercrime during December's holiday shopping season.
Netacea secures GBP £4 million to combat bot attacks
Thu, 12th Dec 2024
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ai
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cybersecurity
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investment
Netacea has secured an additional GBP £4 million investment from Mercia Asset Management to enhance its fight against sophisticated bot attacks.
UK SMBs lose GBP £11,000 on average to online fraud in 2024
Thu, 5th Dec 2024
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email security
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cybersecurity
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productivity
Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.
AI fraud networks exploit UK shoppers amid festive season
Tue, 3rd Dec 2024
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online fraud
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black friday
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cyber monday
AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.
Rise in counterfeit websites threatens holiday shoppers
Mon, 2nd Dec 2024
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phishing
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email security
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cybersecurity
As the festive shopping season approaches, researchers have identified nearly 80,000 counterfeit websites, endangering online shoppers seeking deals.