Fraud prevention stories - Page 2

FICO has secured ten new patents to enhance Responsible AI, boosting transparency and fraud prevention across numerous sectors globally.

Visa’s new Acquirer Monitoring Programme, effective October 2025, imposes stricter fraud and dispute thresholds, charging USD $8 per transaction dispute over 2.2%.

Bitsight launches Brand Intelligence, an AI tool to detect and swiftly tackle phishing and brand threats targeting companies and executives.

NoSpamProxy launches 25Reports, a tool to simplify DMARC monitoring, offering clear insights and alerts to protect organisations from email fraud and spoofing.

UATP and Burbank partner to enhance airline online payments with secure card present tech, cutting fraud and costs in the USD $837 billion airline market.

SquareX has won the 2025 Browser Security Solution of the Year award for its innovative platform that protects enterprises from complex browser threats.

Bitdefender launches They Wear Our Faces campaign to fight AI-driven scams like deepfakes, warning consumers worldwide to stay alert and protect personal data.

More than half of firms faced deepfake fraud losses averaging USD $280,000 per incident, despite increased cybersecurity training and awareness efforts.

Experts urge focus on robust data systems for Australia’s Payday Super reform, aiming for timely, accurate super payments from July 2026 launch.

Proximus Global launches Konera, a platform unifying mobile network APIs to streamline connectivity and identity services for enterprises and developers in India.

UK banks have refunded GBP £112m to victims of APP fraud under new rules, yet scam levels continue to rise, prompting calls for stronger prevention measures.

Only 23% of Australians trust companies to use AI responsibly, preferring human interaction over automation amid growing data privacy concerns.

Only 18% of New Zealanders trust companies’ use of AI, with 62% fearing it limits human contact, impacting spending and loyalty in customer service.

A WestJet data breach exposed passengers' passports and IDs, heightening risks of long-term identity theft and synthetic fraud schemes globally.

RCS offers Australian businesses a secure, interactive way to boost customer engagement and trust, tackling data privacy concerns amid rising scams.

AI-driven cyberattacks now cost firms on average USD $4 million and 100 days to recover, raising security to a vital business priority worldwide.

Willo secures GBP £3 million to boost AI-driven job application checks amid rising fraud, expanding its reach in the US and launching new verification tech.

ANZ warns Australian small businesses to stay vigilant as scams cause AUD $84 million losses amid rising cybercrime threats in 2024.

Cyber insurance among Australian small businesses has surged 50% amid rising cybercrime threats, with incidents costing an average of AUD $49,600 each.

Nearly three-quarters of UK and Ireland consumers now trust AI assistants, with 79% confident chatbots provide reliable help, says IBM study.