CFOtech New Zealand - Technology news for CFOs & financial decision-makers

Online fraud stories

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Fastly introduces Bot Management to combat online fraud
This month
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application security
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breach prevention
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cybersecurity
Fastly has launched its Bot Management system, a cybersecurity advancement aimed at thwarting bot-triggered online fraud and abuses.
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Visa's digital payment service uplifts Asia's economy, cuts fraud by 58%
Last month
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martech
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commerce systems
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payment gateways
Visa's digital economy and anti-fraud efforts in Asia Pacific are making strides. Over USD $2bn in transactions were processed through its Token Service, and merchants reported a 58% decrease in fraud.
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One Consortium launched to combat global communications fraud
Last month
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online fraud
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gsma
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bics
The i3Forum introduces the One Consortium, a global non-profit initiative aimed at restoring public confidence in communications, following a surge in illegal calls and messages.
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Zally to transform cybersecurity with behavioural biometrics
Wed, 20th Dec 2023
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online safety
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passwords
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online fraud
Manchester authentication startup Zally is aiming to revolutionise cybersecurity with progressive behavioural biometrics technology.
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Festive online shopping security a rising concern for consumers
Wed, 6th Dec 2023
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cloud services
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mfa
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online fraud
Australian consumers are increasingly concerned about online shopping security, especially amid the festive season, reveals recent survey.
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Australians would prefer tax stress over dealing with scam messages
Thu, 16th Nov 2023
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digital entertainment
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casb
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ai
Over half of Australians would choose the stress of tax filings rather than dealing with scam messages, a McAfee study reveals.
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Third-party solutions herald new era in online fraud prevention
Sat, 14th Oct 2023
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ml
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cx
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martech
Rise in online fraud prompts Payment Service Providers to seek innovative third-party solutions for prevention.
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1 in 3 UK customers wary of AI-generated ads: Menlo Security
Fri, 16th Jun 2023
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malware
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cloud security
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ai
One in Three UK consumers believes that over half of online ads are now AI generated but are unaware of how risky they are to click on.
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Australians hit hard by online scams and fraud this year
Wed, 17th May 2023
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email security
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cybersecurity
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australian federal budget
The Government has boosted its funding to combat online scams and fraud, as Australians have now lost almost AUD $200 million to scammers this year alone.
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Mastercard ramps up fraud protection for eCommerce
Fri, 12th May 2023
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martech
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commerce systems
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payment gateways
Tie-up offers MPGS customers access to Vesta’s Payment Guarantee and Payment Protect solutions, resulting in higher transaction approval rates.
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Cloudflare takes on online fraud detection market
Wed, 22nd Mar 2023
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advanced persistent threat protection
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cybersecurity
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online fraud
Cloudflare is entering the fraud detection market with its Cloudflare Fraud Detection tool to help businesses combat online fraud.
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67% rise in fraud losses in the UK in 2022, says money.co.uk
Wed, 15th Mar 2023
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fintech
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cybersecurity
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online shopping
The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.
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Now bots are robocalling to phish for two-factor authentication codes
Tue, 7th Feb 2023
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cloud services
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phishing
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email security
The latest specialised bots now make it far easier and quicker for fraudsters to fool their targets into providing their authentication codes or OTPs.
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Norton says the economy will shape threat landscape in 2023
Mon, 19th Dec 2022
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ai
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cybersecurity
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norton
Norton research predicts that economic pressures in 2023 will create the perfect environment for cyber scammers to exploit vulnerable individuals.
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Norton study highlights Kiwi's risky eCommerce behaviours
Thu, 3rd Nov 2022
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email security
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cybersecurity
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norton
Nearly a quarter of New Zealanders (22%) surveyed said they tend to take more risks when online shopping during the holiday season than other times of the year.
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Case study: Why cybersecurity insurance is essential for your business
Mon, 31st Oct 2022
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cybersecurity insurance
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phishing
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advanced persistent threat protection
Death and taxes are inevitable. So too is the rise of cyber incidents hitting organisations where it hurts most: the bottom line.
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The growing threat of CEO fraud and how to mitigate it
Tue, 4th Oct 2022
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email security
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cybersecurity
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secureworks
CEO fraud, a form of financial theft, is on the rise with global losses reaching USD $43 billion in 2021, warns FBI. .
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Accent scales up its eCommerce business with Forter
Fri, 30th Sep 2022
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partner programmes
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cybersecurity
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forter
Forter has partnered with the Accent Group to help automate and scale the footwear firm’s eCommerce business, using its Trusted Conversions solution.
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Save the Children selects Forter to curb donation fraud
Tue, 20th Sep 2022
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digital transformation
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cybersecurity
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online fraud
Forter partners with Save the Children Australia to reduce card testing fraud by deploying the company’s Trusted Conversions solution.
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Asia’s data privacy landscape is ‘coming of age’ – how can businesses cope?
Wed, 14th Sep 2022
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micro-credentials
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email security
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breach prevention
Identity theft and online fraud are on the rise, but data protection laws are evolving to combat them. Here are three key steps to address data privacy.
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L’Occitane Japon reduces fraud with Forter’s platform
Mon, 12th Sep 2022
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digital transformation
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cx
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martech
L’Occitane Japon increases revenue, reduces chargebacks and fraud, and creates a seamless customer experience with Forter’s fully automated platform.
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Digital commerce fraud: What it is and how to stop it
Tue, 31st May 2022
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online fraud
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covid-19
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online shopping
Australia and New Zealand experience a surge in eCommerce sales, but face the challenge of rising online fraud.
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Jumio appoints Susan Walker as chief financial officer
Fri, 13th May 2022
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cfo
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online fraud
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development
Jumio, a digital identity verification company, appoints Susan Walker as CFO. Her 25 years of leadership experience includes a successful IPO.
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Jumio appoints Susan Walker as Chief financial officer
Fri, 6th May 2022
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saas
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dlp
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cfo
Jumio, a leader in the identity market, appoints Susan Walker as CFO. Her 25 years of experience will support their high-velocity goals.