Fraud stories - Page 11

Online payment fraud losses are set to exceed $206 billion over the next five years, driven by identity fraud, according to Juniper Research.

Ping Identity has acquired fraud and bot detection firm SecuredTouch, combining fraud and identity security capabilities. The deal's terms were not disclosed.

Scams make up 56% of all online fraud attacks, according to new research from cyber intelligence company Group-IB.

The number of cyber security incidents reported in this country has risen 25 percent since the same time last year. .

Telcos have banded together in an attempt to stamp out a relatively uncommon but potentially devastating type of fraud.

Forter, the eCommerce fraud prevention company, has raised $300m in funding, doubling its revenue and reaching a $3bn valuation.

By investing in advanced tools that access huge datasets, merchants get a better picture of what 'good' customers look like, meaning fewer are declined.

Most attempts by organisations to educate customers about fraud are ineffective, says new research from Callsign.

GBG regional general manager for ANZ, Carol Chris, discusses the key products and challenges faced by customers in the APAC region. #TechDay.

Account takeovers accounted for every second fraudulent transaction in the finance industry in 2020, according to Kaspersky.

Kaspersky discovers new banking malware that targets mobile users worldwide, with a particular focus on Brazil.

Digital payments are driving a multibillion-dollar fraud surge worldwide, fueled by the rapid adoption of mobile apps and online channels during the pandemic.

The equipment was used to obtain credit card details of more than 122 New Zealanders, and to steal approximately $75,380 from many of them.

COVID-19 creates perfect storm for business fraud in New Zealand, with cases of embezzlement and Ponzi schemes on the rise.

New opportunities and risks exist for APAC organisations in online channels during this global pandemic, according to a biannual Cybercrime Report.

Amazon Web Services (AWS) has launched a fully-managed fraud detection service that can identify potential fraud activity in 'milliseconds'.

Only 22% of Kiwis are concerned about a security breach while working from home, despite increasing cyber attacks.

Nuance enhances Gatekeeper AI to better protect seniors from fraud, prioritising elderly callers in call centres amid rising cyber threats during COVID-19.

Mastercard and Ethoca launch a free fraud prevention package for Australian and New Zealand retailers, offering Ethoca Alerts until 31 July 2020.

The service has been put through a robust Privacy Impact Assessment and it was developed in accordance with New Zealand's current privacy legislation.