Fraud prevention Stories - Page 44

Global Stories

Fraud prevention stories

Appdome launches SDKProtect to combat mobile app security risks

Appdome launches SDKProtect to bolster mobile SDK security, aiming to curb fraud and enhance compliance in the mobile app sector through threat-aware SDK versions.

By Catherine Knowles • 3 min read • Wed, 5th Jun 2024

B2B

AI-driven identity fraud on the rise, says Signicat report

A new report by Signicat and Consult Hyperion reveals the growing threat of AI-driven identity fraud across Europe, urging financial institutions to boost their defences.

By Catherine Knowles • 3 min read • Thu, 30th May 2024

Cybersecurity

PPRO appoints Bronwyn Boyle as new Chief Information Security Officer

PPRO brings on board Bronwyn Boyle as the new Chief Information Security Officer. With over 20 years of experience, she will lead PPRO's security strategy, bolstering safety across all corners of the global local payments platform.

By Imee Dequito • 2 min read • Tue, 30th Apr 2024

Marketing Technologies

Evri, Amazon, PayPal top list of brands abused by cyber scammers

Cyber scammers exploit Evri, Amazon, and PayPal brands with phishing schemes, reveals a new study by tech retailer, Currys, indicating a rising threat of such scams.

By Kaleah Salmon • 3 min read • Tue, 30th Apr 2024

Data Privacy

ServiceSeeking joins ConnectID for enhanced online security for SMEs

ServiceSeeking teams with ConnectID to boost online protection for SMEs via reliable identity verification, curbing fraud risks and fostering a trusted ecosystem.

By Catherine Knowles • 3 min read • Thu, 25th Apr 2024

Artificial Intelligence

Basware unveils AI-powered solution to combat invoice fraud

Basware has launched an AI-based solution, AP Protect, aimed at helping companies shield from invoice fraud and errors.

By Shannon Williams • 3 min read • Thu, 25th Apr 2024

Risk & Compliance

Financial institutions increasingly deploy AI in fight against fraud

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.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024

Globe Telecom

Traceable AI reports 300% revenue boost & strengthens leadership team

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.

By Catherine Knowles • 3 min read • Tue, 12th Mar 2024

Stories from Other Regions

Fraud prevention stories

Fintech

Trustly reports robust growth with US$58 billion in transactions

Trustly's 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.

By Catherine Knowles • 3 min read • Thu, 30th May 2024

Supply Chain

MediSecure cyber breach underscores need for robust healthcare cybersecurity

The MediSecure cyberattack, involving stolen data posted on a Russian hacking forum, has highlighted critical vulnerabilities in Australia's healthcare sector amid a rising wave of cyber threats.

By Sean Mitchell • 3 min read • Wed, 29th May 2024

Fintech

Survey: millennials & men most targeted by financial fraud

Millennials and men, particularly those aged 35-44, are most frequently targeted by financial fraud, reveals an Arbuthnot Latham survey.

By Kaleah Salmon • 3 min read • Tue, 28th May 2024

Ransomware

Converging identity management and fraud prevention for optimal security

As AI-enhanced scams become more sophisticated, Australians lost AUD $2.74 billion to scams in 2023. Experts advocate integrating identity management with fraud prevention to bolster security.

By Vivienne Horsfall • 4 min read • Mon, 27th May 2024

Data Protection

The messaging evolution and the fight against fraud

SMS revolution's downside: Europe tackles fraud epidemic through stringent data laws and sender verification in fight to preserve trust.

By John Bruner • 8 min read • Fri, 26th Apr 2024

Fintech

Signifyd appoints Nikhita Hyett as EMEA General Manager

Commerce protection giant Signifyd appoints Nikhita Hyett as EMEA General Manager, leveraging her payment processing and fraud prevention expertise to boost operations in the region.

By Imee Dequito • 2 min read • Tue, 16th Apr 2024

Fintech

Ecommpay incorporates Bacs & SEPA Direct Debit via GoCardless alliance

Ecommpay expands market reach in the UK and Europe, forecasting a 44% growth, by integrating Bacs and SEPA Direct Debit capabilities via GoCardless, enriching their payment suite for FinTech and eCommerce merchants.

By Kaleah Salmon • 3 min read • Thu, 4th Apr 2024

Artificial Intelligence

Bertrand Dezard joins Mangopay to extend fraud prevention reach

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.

By Imee Dequito • 3 min read • Wed, 3rd Apr 2024

Customer Experience

Australian businesses fortify defences amid rising financial fraud

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.

By Catherine Knowles • 3 min read • Wed, 3rd Apr 2024

Fintech

FICO survey reveals identity theft & fraud fears among Indonesians

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.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024