Fraud prevention stories
Mastercard has unveiled a five-year strategy to innovate payment methods in Australia, tackling a surge in card fraud that nearly hit $1 billion in 2024.
Ecommpay has been named a finalist in four categories at the Retail Systems Awards, recognising its innovations in payment solutions and fraud prevention.
Fastly has unveiled enhancements to its Bot Management service, reducing CAPTCHA dependency while bolstering security and user experience across its platform.
Carol Chris, General Manager of GBG APAC, emphasises innovation in fraud prevention amid rising data breaches, as demand for compliance solutions grows.
Adyen has partnered with Reece to modernise its payment systems across Australia and New Zealand, enhancing customer experiences at 600 outlets.
A recent Outpayce study reveals that over 70% of travellers prioritise payment security over discounts, highlighting growing concerns over cyber fraud in travel.
Group-IB's Fraud Protection solution is now available on AWS Marketplace, enhancing online security for businesses against fraud-related threats.
The London Stock Exchange Group has introduced its Global Account Verification solution in APAC and EMEA, tackling supplier fraud amid rising payment scams.
A survey by Sumsub reveals that nearly half of British dating app users see deepfakes as heightening risks, particularly affecting women's safety.
NTT DATA's latest report reveals that 58% of banks globally are fully adopting generative AI, marking a crucial shift towards its integration in banking operations.
Outpost24 has appointed Omri Kletter as Chief Product Officer, aiming to enhance its cyber risk management solutions and support growth heading into 2025.
A study by Proofpoint reveals a rise in Bitcoin scams utilising video attachments in multimedia messages, evolving from static images to deceive victims.
Research by Proofpoint reveals only 12% of Asia Pacific firms use essential email authentication, exposing them to a surge in phishing attacks.
Flare's latest report reveals a staggering rise in account takeover attacks, exposing organisations to losses of tens of millions annually due to session hijacking.
Pure Storage has partnered with THG Ingenuity to enhance AI capabilities and sustainability, cutting data centre power use by 80% while supporting global growth.
Fastly has launched updates to its Bot Management service, enhancing online security while improving user experiences by reducing reliance on CAPTCHAs.
Edenred Payment Solutions unveils a Virtual Card Number to expedite insurance payouts, addressing customer demand for quicker claims processing.
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.
Databricks has secured FedRAMP High authorisation for its Data Intelligence Platform on AWS GovCloud, enhancing data management capabilities for US federal agencies.