Fraud prevention stories - Page 23

RobobAI, an Australian fintech, launches an AI platform to optimise enterprise working capital and enhance B2B payment systems amid economic uncertainty.

Australians are being warned to stay vigilant as online shopping scams surge during Black Friday, with losses exceeding AUD $14.9 million this year.

Cyber incidents in Australia now average AUD $4.26 million per breach, a 27% rise since 2020, highlighting urgent cybersecurity needs.

The federal government is set to impose fines of up to AUD $50 million on companies failing to implement effective measures against rising fraud.

A report reveals that 60% of banking leaders are integrating generative AI technology into operations, outpacing other sectors in adoption rates.

Jumio has appointed Mike Nawrocki as Chief Revenue Officer, bringing over 25 years of sales leadership to enhance its identity verification solutions.

CommBank has unveiled new security features for its mobile app, including digital wallet reviews and scam warnings, to enhance customer protection against fraud.

OneStream has unveiled its Sensible AI Library and OneStream Genesis, designed to enhance CFOs' efficiency in financial workflows through innovative AI solutions.

Experts warn that rising digitalisation fuels fraud, with AI aiding cybercriminals, prompting calls for robust security and real-time threat response.

Attestiv has unveiled a new deepfake detection platform to help individuals and businesses tackle the rise of fake videos amid growing digital deception concerns.

Ping Identity has honoured the winners of the 2024 Identity Excellence Awards in Asia Pacific, celebrating outstanding leaders in the identity sector.

Akamai Technologies has launched upgrades to its Account Protector, enhancing security against cyber threats amid rising scams costing shoppers GBP £10 million.

Extend has launched a new Bill Pay feature to enhance invoice payments for businesses, leveraging virtual cards for improved security and cash flow management.

Extend has launched its Bill Pay feature, allowing businesses to settle invoices securely using virtual cards, enhancing accounts payable processes.

A Juniper Research study reveals global enterprise losses from Artificially Inflated Traffic are set to drop by 55% from 2024 to 2029, following a peak of USD $2.1 billion in 2023.

Bitdefender has launched 'Scam Copilot', an AI platform designed to combat online scams, amid concerns over AUD $2.7 billion lost to fraud in Australia.

BlackFog has been honoured with the title of 'AI-based Cybersecurity Innovation of the Year' at the 2024 CyberSecurity Breakthrough Awards for its ADX technology.

As Cybersecurity Awareness Month unfolds, experts urge businesses to adopt comprehensive strategies to combat evolving threats and enhance their security measures.

Research by Mastercard reveals deepfake scams have targeted 36% of Australians, resulting in millions in losses, with many unaware they're victims.

Easy Crypto becomes the first exchange to disclose fraud refunds totalling $2.7M, stressing security as about 50% of Aussies & Kiwis show crypto interest.