Fraud prevention stories - Page 16

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.

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

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.

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.

Australian insurers face over AUD $1.8bn in weather claims in early 2025 amid rising extreme events, boosting AI use to manage surges and fraud.

Despite 69% of Australians regularly using mobile banking apps, satisfaction remains modest with a 66.0 CX Index score, says Forrester's 2025 report.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Finance leaders can enhance spend compliance by focusing audits on high-risk areas, using AI, automating checks, and applying data analytics for stronger controls.

Business leaders can build resilience amid economic uncertainty by modernising finance operations, improving cash flow, and leveraging technology to capture growth opportunities.

FICO has launched tailored AI models to enhance accuracy, transparency and trust in financial services, boosting fraud detection and compliance by over 35%.

Research reveals transport management is now key to company growth, with 96% adopting generative AI despite only 17% achieving full automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

CSC Digital Brand Services and CrowdStrike integrate domain security with Falcon platform to swiftly detect and enforce against malicious online threats.

Salesloft breach exposed sensitive data of 700+ firms, including Cloudflare and Palo Alto Networks, after hackers exploited OAuth tokens via a prolonged GitHub intrusion.

Airline fraud attempts have fallen 30% globally in H1 2025, with Europe seeing a record 50% drop, marking a major shift in fraud patterns.

FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.