Fraud stories
Businesses face $2.58 million in losses per hour from bots
Last week
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endpoint protection
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martech
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commerce systems
Cequence warns businesses could face average losses of USD $2.58 million per hour this December due to surging malicious bot traffic and fraud.
LexisNexis to acquire IDVerse for advanced AI fraud tools
This month
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cx
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martech
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risk & compliance
LexisNexis Risk Solutions has announced plans to acquire IDVerse, aiming to enhance its fraud management capabilities with AI-powered technology.
iProov integrates biometrics with Microsoft Entra ID
This month
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biometrics
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mfa
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cybersecurity
iProov has integrated its biometric authentication platform with Microsoft Entra ID, enhancing security for over 345 million users against identity fraud.
UK SMEs face heightened cyber threats from AI deepfakes
This month
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it training
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advanced persistent threat protection
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fraud
A new survey reveals that 86% of UK SME employees fear rising cyber threats from AI and deepfakes, with many lacking confidence to identify risks.
From deepfakes to ransomware: The key trends which will shape IT security in 2025
This month
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malware
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ransomware
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endpoint protection
As Australia braces for 2025, key IT security trends like deepfakes and ransomware require organisations to adapt swiftly to emerging threats.
Experts warn of AI-driven threats to SaaS applications
Last month
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malware
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cloud security
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phishing
Cybersecurity experts at AppOmni warn that AI will empower attackers, making SaaS applications more vulnerable to sophisticated breaches in the coming years.
Corporate Digital Identity: a tool to combat financial crime
Last month
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money laundering
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fraud
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financial institutions
Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.
Balancing AI advances with cybersecurity risks & caution
Last month
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firewalls
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data protection
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network security
As AI evolves in cybersecurity, industry leaders urge caution, balancing its benefits against risks, particularly in fraud and data protection.
NCSC warns of sophisticated scams during Black Friday
Last month
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data protection
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mfa
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phishing
The NCSC warns of a surge in sophisticated scams this Black Friday and Cyber Monday, with over 32,000 fraud reports and losses totalling GBP £30.4 million.
ICO urges firms to responsibly share data to tackle fraud
Last month
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data protection
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email security
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data privacy
The Information Commissioner's Office is urging organisations to share personal information responsibly to combat the UK's growing fraud crisis.
Global fraud attacks rise 19% amid AI exploitation
Last month
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collaboration
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fraud
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financial institutions
A new report reveals a staggering 19% rise in global fraud attacks, largely fuelled by AI exploitation, highlighting urgent need for improved detection measures.
AI-driven fraud & deepfakes pose escalating global threat
Last month
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cryptocurrency
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blockchain
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phishing
The Entrust Cybersecurity Institute's 2025 report reveals AI-assisted fraud incidents surged, with deepfake attacks hitting every five minutes in 2024.
Identity fraud in Europe surges by 150%, deepfakes on the rise
Last month
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cryptocurrency
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blockchain
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email security
Identity fraud in Europe has surged by 150% year-on-year, with deepfake use escalating sharply and businesses reporting widespread challenges.
Social media scams cost Australian children AUD $129,700
Last month
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edutech
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gaming
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phishing
AUCyber reports that Australian children have lost over AUD $129,700 to social media scams this year, prompting calls for enhanced online safety measures.
Bitdefender unveils Scamio tool to tackle Discord scams
Last month
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malware
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phishing
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email security
Bitdefender has launched Scamio on Discord, a free tool designed to protect users from rising scams on the platform, which has over 200 million monthly users.
New report reveals persistent API security breaches risk
Fri, 1st Nov 2024
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advanced persistent threat protection
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breach prevention
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genai
A new Traceable AI report reveals 57% of organisations have suffered API breaches, highlighting significant flaws in current security measures.
Trustwave highlights rising e-commerce threats in retail sector
Wed, 30th Oct 2024
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ransomware
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phishing
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advanced persistent threat protection
Trustwave's latest SpiderLabs report reveals a surge in cyber threats to the retail sector, urging heightened vigilance as the holiday shopping season approaches.
Protect your mini-me: How to prevent child identity theft
Thu, 17th Oct 2024
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phishing
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email security
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cybersecurity
Worried about child identity theft? Our guide offers 10 steps on how to prevent child identity theft so you can safeguard your little one’s future.
Deepfake scams target 29% of New Zealanders, costing millions
Thu, 10th Oct 2024
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physical security
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email security
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genai
Research by Mastercard reveals nearly a third of New Zealanders and 18% of businesses have fallen victim to deepfake scams, costing millions over the past year.
Illegal streaming triples cybercrime risk for Australians
Wed, 9th Oct 2024
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ransomware
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physical security
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copyright
A new survey reveals that Australians using illegal streaming sites are three times more likely to fall victim to cybercrime, sparking health concerns.