Fraud prevention stories - Page 15

InDebted appoints Michael Chatfield as Managing Director to spearhead Australian expansion amid evolving collections market and rising digital demand.

AI-driven digital fraud, including deepfakes and fake personas, could cost firms USD $11.5 billion globally by 2027, outpacing traditional defences.

Retailers risk losses up to USD $500,000 from AI-driven fraud this Black Friday as bot attacks exploit security gaps in account creation and login processes.

Riskified urges shoppers and merchants to stay vigilant against rising AI-driven eCommerce fraud as holiday online sales may hit USD $311 billion in 2025.

Fraud risks rise as firms overlook obsolete tech; underinvestment in end-of-life IT assets could cost USD $27.1m per breach, warns Iron Mountain's Asia Pacific GM.

AI-driven deepfake scams using Aussie celebrities like Rebel Wilson cost victims an average of AUD $950, warns McAfee in rising influencer impersonation fraud.

Advanced AI and automation are rendering traditional accounts payable obsolete, with CFOs now leading the shift to faster, more secure, data-driven finance processes.

Australian companies must automate accounts payable to cut costs, reduce fraud risks, and improve cash flow visibility amid mounting pressure on finance teams.

Ping Identity will acquire London-based Keyless to enhance its platform with privacy-preserving biometric authentication, boosting security and user privacy.

Australian retailers face rising returns fraud yet must adopt smarter tech-driven policies over stricter rules to protect loyal customers and retain sales.

Data Zoo partners with Ping Identity to provide verified global data in PingOne Verify, boosting secure digital identity verification across 60+ countries.

ANZ, Griffith University, AWS and Queensland Police launch a Brisbane hackathon to combat rising cybercrime and boost local cyber talent and resilience.

A survey shows 73% of shoppers use AI tools, raising new fraud risks and liability concerns for merchants during the rise of agentic commerce.

Zepto launches Zepto Validate, a real-time account verification service in Australia to reduce payment fraud and failures with smart risk scoring.

Kmart breached Australian privacy laws by using facial recognition in 28 stores without proper consent, collecting biometric data to tackle refund fraud.

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.

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.