Fraud stories - Page 11

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

In just a three month period this year, New Zealanders reported more than 1000 cybersecurity incidents and financial losses of $6.5 million to CERT NZ.

ThetaRay unveils Version 4.0 of its advanced AI analytics platform, enhancing global banks' abilities to detect and prevent sophisticated financial cybercrime.

Artificial intelligence for fraud detection set to triple by 2021 as adoption of technology in organisations increases rapidly - ACFE/SAS study.

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.

Cybercriminals are cashing in on domain fraud for almost every possible reason – to impersonate businesses, events, and even trusted leaders and celebrities.

While only 13% of organisations use AI and machine learning to detect and deter fraud, another 25% plan to adopt such technologies in the next year or two.

eCommerce fraud boom leads to a surge in CNP crime, spotlighting vital PCI-DSS compliance and advanced security tech.

Financial compliance remains a weak point for businesses, with internal control weaknesses and employees being the main culprits, according to SAP Concur.

Finance leaders must embrace new technologies and combat fraud to drive growth and mitigate risks, says SAP Concur.

Phone and online scams are costing New Zealanders $33 million, causing both financial and psychological harm, according to Netsafe.

Nuance Communications claims its biometric technology has thwarted over USD $1 billion in fraud, as fraud attacks via contact centres rise sharply.

Despite ongoing efforts to raise awareness about online scams and fraud, New Zealanders are still losing staggering amounts of money.

Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.

Its new solution uses machine learning to protect online and mobile channels, as well as meet compliance requirements for transactional risk analysis.

Huawei faces 13-count indictment in the US, including bank fraud, wire fraud, and conspiracy charges. CFO Meng also indicted.

Proofpoint researchers have looked ahead at the trends and events likely to shape the threat landscape in the year to come.

Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.

Despite the crackdowns, Microsoft warns that these scams persist and target everyone, no matter their age or location.

Internal and external risks accompany the digitisation of businesses, with fraud being a major concern for companies, says SAP Concur.