Identity Theft Stories - Page 20

Global Stories

Identity Theft stories

Biometrics market projected to reach USD $173.7bn by 2032, says report

The surge in demand for secure identification boosts the market valuation of biometrics technology, set to rise from USD $50.3bn in 2023 to USD $173.7bn by 2032, according to DataHorizzon Research.

By Kaleah Salmon • 3 min read • Wed, 17th Apr 2024

Data Protection

Malwarebytes launches free Digital Footprint Portal to protect personal data

Malwarebytes has launched a free Digital Footprint Portal offering a detailed analysis of sources including the dark web.

By Shannon Williams • 3 min read • Thu, 11th Apr 2024

Physical Security

London startup Mindgard launches tool mitigating AI data loss risks

London startup, Mindgard, launches a new tool providing extensive cybersecurity for businesses utilising AI, mitigating reputational and financial risks.

By Catherine Knowles • 3 min read • Thu, 14th Mar 2024

Multi-factor authentication

Overcoming the threat of account takeover fraud

Cybercriminals are increasingly targeting online accounts in identity theft surge, with ATO fraud attacks increasing by over 350% in 2023, finds digital fraud management firm, Sift.

By Ashley Diffey • 4 min read • Mon, 11th Mar 2024

Phishing

SEON report warns of complex fraud challenges ahead in 2024

SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.

By Tom Raynel • 2 min read • Mon, 11th Mar 2024

Physical Security

Jersey Telecom acquires Spectrum to boost global online payment security

Jersey Telecom's acquisition of Australian tech company Spectrum bolsters the fight against online payment fraud, reinforcing security on a global scale.

By Kaleah Salmon • 3 min read • Wed, 28th Feb 2024

Digital Transformation

Rising cyber threats challenge Southeast Asia's booming digital economy

As Southeast Asia's digital economy rapidly reaches $100bn, it is attracting cyber criminals, with 28% of businesses observing an increase in threats alongside their digital expansion.

By Catherine Knowles • 4 min read • Fri, 5th Jan 2024

Malware

Appdome reveals consumer expectations for enhanced mobile app security

Appdome's 2023 Global Consumer Expectations survey shows an 82.4% of users advocating for proactive mobile fraud prevention.

By Imee Dequito • 3 min read • Tue, 19th Dec 2023

Biometrics

CyberArk expands passwordless authentication with new passkey support

CyberArk adds passkey support to its Identity 23.11 release, enhancing passwordless authentication capabilities.

By Kaleah Salmon • 3 min read • Wed, 22nd Nov 2023

Stories from Other Regions

Identity Theft stories

EduTech

Grok Academy invites NZ students to third annual Cyber Comp

Grok Academy invites students to join the annual Cyber Comp, a four-week cybersecurity challenge aimed at teaching online safety skills nationwide.

By Shannon Williams • 3 min read • Wed, 1st May 2024

Biometrics

Australian firms at risk due to evolving cybercriminal sophistication

Growing sophistication of cybercriminal identities threatens Australian enterprises, as only over one-third implement multi-factor authentication, leaving them vulnerable to AI-driven attacks, reports Ping Identity.

By Sean Mitchell • 3 min read • Wed, 1st May 2024

Data Protection

Equifax & Norton team up to bolster Australian Cyber Safety

Equifax and Norton unite to fortify identity safety for Australians, integrating Norton's identity monitoring into Equifax's subscriptions, addressing rising fears of identity theft.

By Catherine Knowles • 3 min read • Mon, 29th Apr 2024

Customer Experience

Singaporeans value seamless, secure digital experiences, survey finds

Singaporeans prioritise simple, secure online experiences, with 73% considering a brand switch for passwordless logins, reveals a survey by Ping Identity.

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

Digital Transformation

Heng Leong Hang adopts CyberArk platform for enhanced cybersecurity

Taiwanese retail giant, Heng Leong Hang, enhances cyber defence with the integration of CyberArk's Identity Security Platform into its cyber security strategy to protect core systems and customer data.

By Kaleah Salmon • 3 min read • Wed, 20th Mar 2024

Firewalls

Australian healthcare plagued with rising rate of cyber fraud

RSM Australia warns that identity and cyber fraud pose significant threats to the healthcare sector, with criminals exploiting complex funding sources and billing systems.

By Catherine Knowles • 3 min read • Fri, 16th Feb 2024

Malware

Fortinet report reveals cyber threats & defence gaps in Asia Pacific

Ransomware and phishing top cybersecurity concerns in Singapore, says Fortinet study. Increased remote working amplifies insider threats, with insufficient resource allocation also noted as a major hurdle.

By Catherine Knowles • 3 min read • Fri, 2nd Feb 2024