Fraud stories - Page 12

Unfortunately the Xero Security team is all too aware of fraud. We see it affecting our customers and community as an almost daily event.

Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.

Australian merchants have lost AUD $476 million to CNP fraud in the past year. With fraud accounting for 78% of all payment issues, businesses must act now.

The ACCC has issued another warning to Australians to be wary of scam tactics, as victims continue to lose large sums of money.

The company admits that approximately 10 million records containing personal data may have been accessed during the 2017 breach.

So far in 2018 Australians have lost more than $26 million to investment scams. Already monthly losses have increased 117% since last year.

From personal privacy to online scams, it seems almost every IT security-related issue now has its very own awareness week.

Action Fraud UK is warning people to be wary of any emails they receive that look like they belong to UK university email addresses.

IDC names Socure, BioCatch, IdentityMind Global, and Acuant as 'Innovators,' spotlighting their cutting-edge solutions in the evolving identity proofing market.

The University of Waikato and Vigilance are partnering to create a fraud detection tool that can spot data anomalies more accurately.

Australian organisations should be looking at their ICT security as part of their planning process for the new financial year.

Emailage delivers online fraud mitigation and email risk assessment technologies and says eCommerce fraud is a growing problem around the world.

Digital fraud in APAC is rising as online threats evolve. RSA Security’s Richard Booth highlights key risks and strategies to stay protected.

The first three months of 2018 were busier than ever for cybercriminals, who managed to steal $2.9 million from New Zealanders.

Commuters will now be able to 'tap on' with credit cards or digital wallets, but they might be opening themselves up to security threats in doing so.

Mobile app fraud has risen by 680% since 2015, as hackers target mobile channels for fraud, according to RSA Security's Q1 2018 Fraud Report.

Scammers stole $340 million from Australians in 2017 – ACCC says this is the biggest loss ever recorded on its books.

Email fraud attacks surged 55% last quarter as criminals focus on targeted strikes, with real estate firms among the hardest hit, reports Proofpoint.

Ecommerce is thriving in the Asia Pacific region, but 18% of consumers remain vulnerable to fraud, according to Experian's 2018 report.

Businesses that use the SWIFT network must comply with SWIFT’s Customer Security Programme (CSP) or face the risk of attacks.