Fraud prevention stories - Page 16

FICO has launched tailored AI models to enhance accuracy, transparency and trust in financial services, boosting fraud detection and compliance by over 35%.

Research reveals transport management is now key to company growth, with 96% adopting generative AI despite only 17% achieving full automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

CSC Digital Brand Services and CrowdStrike integrate domain security with Falcon platform to swiftly detect and enforce against malicious online threats.

Salesloft breach exposed sensitive data of 700+ firms, including Cloudflare and Palo Alto Networks, after hackers exploited OAuth tokens via a prolonged GitHub intrusion.

Airline fraud attempts have fallen 30% globally in H1 2025, with Europe seeing a record 50% drop, marking a major shift in fraud patterns.

FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

AMP Bank GO has blocked over 1,000 fraudulent accounts in six months using a selfie video verification and numberless cards to enhance security.

Australians lost over AUD $119 million to scams in early 2025, highlighting the urgent need for collective action from individuals, businesses and government.

AI-driven audit systems help businesses cut expense fraud by 60%, speed up reviews by 90%, and free finance teams to focus on growth and risk management.

NAB now requires new online customers to take biometric selfies and scan ID documents to combat fraud and enhance account security from September.

Gartner names Daon a Leader in identity verification, citing its advanced biometric tech and AI defences against rising deepfake fraud threats worldwide.

LegitScript has launched automated Global Business Identity Check and U.S. TIN Verification to speed and improve merchant onboarding worldwide.

Macquarie Bank has joined BioCatch Trust Australia, extending fraud protection coverage to over 85% of the nation's banking sector through shared intelligence.

A PEXA survey found 97% of Australians in property transactions missed email scam signs during settlements, risking costly losses to cybercriminals.

Nearly 80% of Australians have faced scam communications recently, yet 70% lack knowledge on how to respond safely, reveals new Optus research.

Australians face rising threats from fake Booking.com sites that install malware via deceptive cookie banners, warns cybersecurity expert Mark Graham.

MoneyMe partners with SEON to enhance fraud prevention in auto loans, credit cards and personal lending amid rising digital fraud risks in Australia.

Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.