Fraud Stories

Australian Stories

Fraud stories

NAB rolls out encrypted mobile ID checks in Queensland

Selected Queensland customers can now verify their identity at NAB branches by sharing a mobile driver licence, cutting manual checks and document handling.

By Mara Sugue • 4 min read • 2 days ago

Global Stories

Fraud stories

Payment Technologies

Retailers warned fraud & disputes may stretch into new year

Retailers may see holiday sales dented months later, as earlier shopping leaves a longer window for refund abuse, disputes and chargebacks.

By Karen Joy Bacudo • 4 min read • Yesterday

Payment Technologies

New merchants face fraud within weeks, Fraudio finds

Newly observed merchants are most exposed in their first three months, with 10.5% hit by fraud and the median first case coming after 33 days.

By Karen Joy Bacudo • 4 min read • 2 days ago

Biometrics

Deepfake scams drive USD $40 billion fraud warning

Banks and insurers face rising losses as deepfake fraud is now estimated at USD $40 billion a year, with voice cloning fuelling most cases.

By Karen Joy Bacudo • 5 min read • Yesterday

Fintech

Banks overrate fraud readiness as data gaps persist

Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.

By Karen Joy Bacudo • 3 min read • Yesterday

5G & Beyond

GSMA board backs 5G growth, inclusion & 6G standards

Billions still offline and fraud on the rise as the GSMA pushes for 5G returns, cheaper handsets and global 6G standards.

By Mara Sugue • 4 min read • 2 days ago

Phishing

Memcyco updates PoSA to spot attacker devices earlier

Fraud teams can now flag suspicious devices before login, as PoSA v1.11 adds real-time risk scores to help stop account takeovers earlier.

By Joseph Gabriel Lagonsin • 4 min read • 3 days ago

Artificial Intelligence

UK shoppers lead Europe in refund abuse, study finds

The practice is adding to retailers' costs and may push prices higher, with 37% of UK online shoppers admitting or considering refund abuse.

By Sofiah Nichole Salivio • 4 min read • 3 days ago

Digital Transformation

Hyperlayer joins Asia Pacific fintech lab as finalist

The Hong Kong firm will gain access to major banks and insurers as it seeks customers wary of costly core-system overhauls.

By Karen Joy Bacudo • 3 min read • Last week

Cybersecurity

Entrust backs cyber helpline to help fraud victims

The partnership will fund more than 3,200 hours of specialist help, aiming to support over 1,000 fraud and cybercrime victims in the US and UK.

By Joseph Gabriel Lagonsin • 3 min read • Last week

Phishing

European cyber teams understaffed as AI threats rise

Most European firms are unprepared for AI-enabled attacks, as 56% of cybersecurity teams say they are understaffed and 55% underfunded.

By Joseph Gabriel Lagonsin • 4 min read • Last week

Software-as-a-Service

AI shifts Cybersecurity Awareness Month focus to visibility

Security teams are being pushed to monitor AI activity across systems, as executives warn that unsanctioned tools and hidden agents are outpacing governance.

By Raphael Veloso • 7 min read • Last week