Fraud news stories

Are you or your business struggling with Account Takeover Fraud (ATO)? One of the latest ebooks from Sift can provide readers with the tools and expertise to help launch them into the new era of account security.

“Confidential Computing is an initiative that requires leaders across the hardware and software industries in order to be successful."

The Digital Trust & Safety Index 2021 report contains a variety of statistics, insights and case studies to help businesses discover better solutions and help them get ahead of payment fraud.

Reported cases of consumer fraud more than tripled in the years 2020-2021 from prior years, according to a new report by Accenture.

The pandemic has driven record levels of online shopping. Although retailers of all sizes are suffering increasing levels of fraud.

The rapid digital transformation in the financial industry has encouraged more fraudsters to tap into finance applications.

Since the pandemic began, there has been a concerning surge in crypto and investment related scams in Australia, in particular, a spike in dating and romance scams.

In New Zealand, it was revealed that those aged between 55-64 and over 65 primarily use their desktop computer or laptop to go online, making them more at risk to cyber threats.

"In a global digital economy, borders are no longer boundaries for cyber criminals. It is more apparent than ever that fraud goes beyond single industries."

There has been a significant shift to mobile fraud over the last four years, with mobile traffic representing 75% of all traffic.

Fraudulent donation pages promising aid to the Ukraine are appearing on the Darknet, according to Check Point Software.

More and more, consumers are looking for tangible utilisation of crypto in their everyday lives, and eCommerce companies are seeing this as an opportunity for new growth.

Financial crime platform Silent Eight has raised $40m in Series B round funding, which will be used to cater to the needs of its expanding customer base.

While payment security is generally regarded as safer on mobiles than on desktops, fraudsters are now using an array of techniques to successfully target mobile customers – but they can be stopped.

Fintech fraud is growing rapidly. As society becomes increasingly reliant on technology, the unfortunate truth of the matter is it also becomes more vulnerable to cybercrime.

When it comes to our world online, protecting and defending our most valuable digital asset - our identity - is vital.

Allure Security has raised a $6.8 million seed round as the company progresses in a $76 billion battle against digital fraud.

Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.

More than three in five respondents in SEA were found to want OTP via SMS in every e-payment transaction, and 57% want to see the implementation of two-factor authentication.

According to a new study from F-Secure, phishing emails mimicking HR announcements or asking for assistance with invoicing get the most clicks from recipients. 

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.

Increased activity this festive season can result in opportunities for fraud as people are distracted and busier than usual, leaving them less time to review all transactions carefully.

Trusted Identities protects against account takeovers that exploit consumer credentials and prevents fraudsters from abusing systems and policies by creating multiple accounts, the company states.

According to new research initiated by Mastercard, with the country slowly starting to open up, NZ consumers are starting to spend less money at home on items and more on experiences.