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Fraud news stories

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scam
Classiscam threat expands to target leading platforms in Singapore
Researchers at Group-IB have uncovered that Classiscam, a sophisticated scam-as-a-service operation, has expanded to Singapore.
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KICKS CREW
KICKS CREW selects Forter to help scale global eCommerce operations
KICKS CREW has selected Forter to help scale its global digital commerce operations.
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Data Protection
DataDome launches reimagined, fully compliant CAPTCHA
DataDome has announced enhancements to its solution with the launch of its newly integrated and reimagined CAPTCHA.
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ShopBack
Forter and ShopBack enhance partnership to further prevent fraud
Forter and ShopBack have enhanced their partnership with the addition of better eCommerce security solutions for customers.
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Cybersecurity
eCommerce fraud increasing pressure on businesses margins
It is vital for businesses to maximise the value of every dollar by turning away as many fraudulent actors as possible without blocking good customers."
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Fraud
Cost of fraud up 10 to 16% in APAC from pre-pandemic levels
LexisNexis Risk Solutions released the latest APAC edition of the True Cost of Fraud Study, which surveyed 387 risk and fraud executives.
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Cybersecurity
Fraud costs increase more than 10% over pre-pandemic levels
"We are seeing a high volume of fraud attempts following a continued shift towards digital channels spurred by the pandemic."
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Cloud
SAS and Greater Bank launches new AML and fraud service
Greater Bank and SAS have joined forces to deliver a new fraud detection and anti-money laundering solution that bolsters the protection of its 270,000 plus customers.
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Communication
Q&A: Oculeus discusses the current state of telecoms fraud and beyond
The basic facts are that we are all exposed to telecoms fraud – from providers of communications services to enterprises and organisations to individual consumers.
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Cloud
Sift shares crucial advice for preventing serious ATO breaches
Are you or your business struggling with Account Takeover Fraud (ATO)? One of the latest ebooks from Sift can provide readers with the tools and expertise to help launch them into the new era of account security.
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Data Protection
FiVerity, Fortanix and Intel launch fraud prevention initiative
“Confidential Computing is an initiative that requires leaders across the hardware and software industries in order to be successful."
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Fintech
Sift shares digital trust and safety secrets in new report
The Digital Trust & Safety Index 2021 report contains a variety of statistics, insights and case studies to help businesses discover better solutions and help them get ahead of payment fraud.
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Cybersecurity
Significant spike in consumer fraud, new report finds
Reported cases of consumer fraud more than tripled in the years 2020-2021 from prior years, according to a new report by Accenture.
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Cloud
Sift sheds light on fraud in the eCommerce sector
The pandemic has driven record levels of online shopping. Although retailers of all sizes are suffering increasing levels of fraud.
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Cybersecurity
A/NZ apps incur $72m in losses due to mobile ad fraud
The rapid digital transformation in the financial industry has encouraged more fraudsters to tap into finance applications.
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Cryptocurrency
CryptoRom Bitcoin swindlers – what to look out for
Since the pandemic began, there has been a concerning surge in crypto and investment related scams in Australia, in particular, a spike in dating and romance scams.
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Cybersecurity
The generation gap: Protecting our kaumātua online
In New Zealand, it was revealed that those aged between 55-64 and over 65 primarily use their desktop computer or laptop to go online, making them more at risk to cyber threats.
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Mobility
Mobile fraud on the rise as online transactions increase
"In a global digital economy, borders are no longer boundaries for cyber criminals. It is more apparent than ever that fraud goes beyond single industries."
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Cybersecurity
Significant shift to mobile fraud - LexisNexis Risk Solutions report
There has been a significant shift to mobile fraud over the last four years, with mobile traffic representing 75% of all traffic.
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Dark Net
Fake donation pages promising help to Ukraine appear on Darknet
Fraudulent donation pages promising aid to the Ukraine are appearing on the Darknet, according to Check Point Software.
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Cryptocurrency
When implementing eCommerce cryptocurrency payments, think safety first
More and more, consumers are looking for tangible utilisation of crypto in their everyday lives, and eCommerce companies are seeing this as an opportunity for new growth.
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Silent Eight
Silent Eight raises $40m in Series B round to aid development strategy
Financial crime platform Silent Eight has raised $40m in Series B round funding, which will be used to cater to the needs of its expanding customer base.
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Nethone
Mobile payments are booming and fraudsters have noticed
While payment security is generally regarded as safer on mobiles than on desktops, fraudsters are now using an array of techniques to successfully target mobile customers – but they can be stopped.
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Fintech
The fintech fraud epidemic: Banks aren’t getting worse, fraudsters are just getting better
Fintech fraud is growing rapidly. As society becomes increasingly reliant on technology, the unfortunate truth of the matter is it also becomes more vulnerable to cybercrime.