Fraud stories

A global survey reveals enterprises plan to boost investment in trust, safety and security for customer experience amid rising compliance and fraud challenges.

UK mobile banking fraud surged 11% in 2024 as scammers shift from voice scams, with card fraud and remote iOS attacks also on the rise, reports BioCatch.

Skyfire and Cequence Security partner to enable secure, compliant access and transactions for AI agents across digital services globally.

A recent report reveals that 61% of Australian businesses face rising fraud incidents, prompting a shift to AI-driven security solutions to combat these threats.

ConnectID has partnered with Caresquare to enhance identity verification in the NDIS, tackling fraud that costs AUD $2 billion annually.

Endowus has teamed up with Twilio to enhance security on its digital wealth platform, addressing a surge in fraud cases with advanced verification measures.

Reports indicate a staggering 63% rise in the misuse of savings accounts for fraud in the UK last year, outpacing a 12% increase in current accounts.

As AI revolutionises our lives, companies must prepare for its impact on crisis management, addressing risks and harnessing opportunities to protect their reputation.

Finance teams are urged to enhance fraud detection and audit efficiency as businesses face increasing revenue losses and evolving tactics amidst economic pressures.

AI's dual impact on security is stark; while cybercriminals leverage its power to craft sophisticated attacks, security teams harness its potential to enhance threat detection.

A recent survey reveals that 79% of insurance executives feel a moral duty to address the USD $1.8 trillion global protection gap, viewing it as a key business opportunity.

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

A new study by Modulr reveals that 96% of European travel leaders find their payment systems inadequate, leading to inefficiencies and wasted time.

A Forrester Research report reveals that the rise of deepfake technology poses significant risks for businesses, with scams costing firms millions.

In 2024, Kaspersky blocked over 893 million phishing attempts, a 26% rise from 2023, as cybercriminals exploited trusted brand names to deceive users.

Telstra and CommBank have announced an extension to their partnership, introducing new 'Fraud Indicator' technology to enhance fraud detection and protect against identity theft.

A Thales survey reveals that one-third of UK residents are storing official ID on their phones, raising alarms over potential identity fraud.

Kapwork has launched its innovative Kapwork Verify platform to automate invoice factoring, claiming a potential 20% cut in operational costs for businesses.

Report It Now raises alarm over the inadequate whistleblowing infrastructure in Australian firms, jeopardising Environmental, Social, and Governance commitments.

Cryptocurrency scams have surged in the UK, with victims losing GBP £306 million in 2023, prompting warnings for greater vigilance in the digital currency market.