Fraud prevention stories
FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.
Singtel introduces SingVerify, a novel digital security toolkit aimed at combating scams by verifying customer identities in real-time.
Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
Traceable AI, a key player in API security, celebrates its year with revenue upwards of 300%. In addition, the firm bolstered its executive team and initiated new products and partnerships.
SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.
Data management leader Denodo earns high recognition from Forrester Research for next-gen enterprise data fabric support.
Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.
Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.
Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.
HID teams up with Olea Kiosks to offer a revolutionary user experience by integrating facial recognition technology in access control and authentication across various industries.
Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.
Bertrand Dezard joins Mangopay as Head of Sales for Fraud, focusing on global growth and expansion of anti-fraud offerings, particularly in Europe and Latin America.
Australian businesses tighten cyber defences amid a 354% surge in account takeover fraud, resulting in a record $3.1B loss, calling for strategies that balance fraud prevention with user experience.
European consumers value flexible return policies and payment options, posing a potential trillion-dollar return cost to retailers by decade's end.
Amid a 55.7% surge in retail theft in New South Wales, Officeworks teams up with data analytics firm Appriss Retail to counter shrink across its 169 Australian stores.
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.
Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.
A new study reveals 78% of Australian shoppers are anxious about fake reviews, prompting the need for government and brand intervention to verify online content authenticity.