Fraud prevention stories - Page 17

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

AMP Bank GO has blocked over 1,000 fraudulent accounts in six months using a selfie video verification and numberless cards to enhance security.

Australians lost over AUD $119 million to scams in early 2025, highlighting the urgent need for collective action from individuals, businesses and government.

AI-driven audit systems help businesses cut expense fraud by 60%, speed up reviews by 90%, and free finance teams to focus on growth and risk management.

NAB now requires new online customers to take biometric selfies and scan ID documents to combat fraud and enhance account security from September.

Gartner names Daon a Leader in identity verification, citing its advanced biometric tech and AI defences against rising deepfake fraud threats worldwide.

LegitScript has launched automated Global Business Identity Check and U.S. TIN Verification to speed and improve merchant onboarding worldwide.

Macquarie Bank has joined BioCatch Trust Australia, extending fraud protection coverage to over 85% of the nation's banking sector through shared intelligence.

A PEXA survey found 97% of Australians in property transactions missed email scam signs during settlements, risking costly losses to cybercriminals.

Nearly 80% of Australians have faced scam communications recently, yet 70% lack knowledge on how to respond safely, reveals new Optus research.

Australians face rising threats from fake Booking.com sites that install malware via deceptive cookie banners, warns cybersecurity expert Mark Graham.

MoneyMe partners with SEON to enhance fraud prevention in auto loans, credit cards and personal lending amid rising digital fraud risks in Australia.

Australian businesses have lost AUD $2.03 billion to increasingly sophisticated AI-driven scams in 2024, signalling a growing threat to the economy.

MoneyMe partners with SEON to boost fraud detection using advanced device intelligence and behavioural analysis amid business expansion.

Saviynt appoints Kevin Spurway, with 20+ years in enterprise SaaS marketing, as Chief Marketing Officer to boost growth and market leadership.

Riskified and HUMAN Security partner to help merchants manage rising risks and opportunities from AI-driven eCommerce shopping agents.

Commonwealth Bank teams up with OpenAI to enhance AI-driven banking, focusing on fraud prevention and personalised services for Australian customers.

Commonwealth Bank will cut interest rates on eligible variable-rate business loans by 0.25% from 22 August 2025, following the RBA's recent rate cut.

AI adoption in Australia and New Zealand surges, with 21% noting gains despite a skills shortage delaying digital transformation and product development.

SER Group launches AI-powered Doxis bundles to boost SAP finance and procurement, enhancing automation and efficiency in purchase-to-pay and order-to-cash workflows.