Online fraud news stories

After a busy year in the cybersecurity and online fraud prevention space, the co-founders of SEON Fraud Prevention weigh in on the top trends that changed fraud in 2021.

Analysis from AusPayNet serves as a reminder for consumers and merchants to be vigilant online this holiday season, with research indicating a significant increase in credit card fraud.

F5 has announced multiple security offerings with the intention of helping to safeguard digital experiences with comprehensive account takeover protection.

Debit card system eftpos has initiated a new AI-driven counter fraud platform for their technology in an effort to prevent online cybercrime and fraud in Australia.

Today we introduce Forter, an organisation that specialised in fraud detection in eCommerce.

SEON’s technology is fully integrated into the GBG Intelligence Center to effectively use email, IP, phone, and social media as alternative data for fraud detection, while meeting compliance and data privacy needs.

“Today scam is more than just solitary fraudulent web pages, it’s an entire industry with advanced technologies under the hood."

Forter has doubled its revenue in the last 12 months, raising $300 million for a $3 billion valuation.

The tool utilises intelligence voice detection capabilities to let enterprises identify if callers are over the age of 65 and, if so, prioritise their call, get them to a live agent for service and better protect them from fraud.

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

With the volume of valuable financial data increasing by the second, how do businesses ensure they balance expectations for robust security controls from customers with their need for convenience?

High early adoption rates and extensive mobile device use make Asia the ideal testing ground for fintech development.

Black Friday is arguably the most anticipated retail sales period in the world, when brands offer consumers the largest discounts and promotional offers.

The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.

YouAppi aims to allow brands to make real-time adjustments and optimise marketing efforts in order to reach customers at any point in the funnel.

“The CFO and finance team are crucial to an organisation’s success."

Ad fraud ring 3eve used botnets to generate nearly 30 million dollars in fraudulent ad revenue.

This unease is warranted given the growing sophistication of scammers and their activities, and numbers of attempted fraud.

As our lives become increasingly ensconced within apps on our mobiles, it seems so too does cybercrime with fraud "not going away anytime soon."

PwC's study has found for the first time ever cybercrime has become the most common form of fraud with nearly a quarter resulting in a loss of £700k.

Cybercriminals are ditching the ‘quick buck’ methods of stealing credit cards and are instead going after identity data.

The study found that on average, trust in digital services is relatively low across the region...

UK watchdog Action Fraud has released details of an complex email phishing scam that has been touted as a much needed warning for the public.

A professional ecosystem has emerged that is providing e-learning courses to allow aspiring cybercriminals to make USD$12k in monthly earnings.