Online fraud stories
Romance scams reach six-year high, Moody's reports
Last week
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social media
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online fraud
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money laundering
Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.
Entrust launches AI identity tool to tackle USD $112bn fraud
Last month
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data protection
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surveillance
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biometrics
Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.
eCommerce faces cybercrime losses of GBP £2.02m per hour
Thu, 19th Dec 2024
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martech
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commerce systems
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advanced persistent threat protection
Research from Cequence Security warns eCommerce firms could lose GBP £2.02 million per hour to cybercrime during December's holiday shopping season.
Netacea secures GBP £4 million to combat bot attacks
Thu, 12th Dec 2024
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ai
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cybersecurity
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investment
Netacea has secured an additional GBP £4 million investment from Mercia Asset Management to enhance its fight against sophisticated bot attacks.
UK SMBs lose GBP £11,000 on average to online fraud in 2024
Thu, 5th Dec 2024
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email security
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cybersecurity
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productivity
Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.
AI fraud networks exploit UK shoppers amid festive season
Tue, 3rd Dec 2024
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online fraud
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fraud prevention
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identity verification
AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.
Rise in counterfeit websites threatens holiday shoppers
Mon, 2nd Dec 2024
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phishing
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email security
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cybersecurity
As the festive shopping season approaches, researchers have identified nearly 80,000 counterfeit websites, endangering online shoppers seeking deals.
Experts warn of cyber risks as Black Friday approaches
Thu, 28th Nov 2024
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data privacy
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cloud services
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av
As Black Friday and Cyber Monday approach, experts warn shoppers to be vigilant against rising cyber threats like malvertising and online fraud.
Survey: Security top concern for online banking in Singapore
Tue, 24th Sep 2024
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fintech
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ai
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cloud services
A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.
Kaspersky uncovers Russian-led crypto & web3 fraud campaign
Thu, 22nd Aug 2024
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malware
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gaming
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cryptocurrency
Kaspersky has uncovered a sophisticated cyber fraud scheme, 'Tusk,' exploiting popular trends like web3 and AI to steal cryptocurrency and sensitive data.
GenAI tools amplify online fraud risks, report reveals
Wed, 31st Jul 2024
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genai
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ai
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collaboration
A new Transmit Security report reveals generative AI is fuelling a surge in dark web fraud, with accessible tools like FraudGPT boosting online scam capabilities.
Most Australians targeted by online scams, study reveals
Thu, 18th Jul 2024
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martech
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commerce systems
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email security
New research by PayPal shows a staggering 97% of Australians have been targeted by scammers, with 86% proactively helping others to stay safe online.
97% of Australians targeted by digital scams, says PayPal report
Tue, 16th Jul 2024
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martech
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commerce systems
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payment technologies
A PayPal study reveals 97% of Australians have faced online scam attempts, with most turning to millennials for tech safety support.
Netsafe warns of inadequate response to rising online fraud
Tue, 2nd Jul 2024
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edutech
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netsafe
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victim support
The Ministry of Justice's latest crime survey reveals a surge in online fraud, highlighting an urgent need for a coordinated multi-agency response, says Netsafe.
BforeAI launches PreCrime Guarantee offering tenfold reimbursements
Thu, 30th May 2024
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risk & compliance
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ai
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ai models
Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.
Bitdefender launches AI scam detector Scamio on WhatsApp in Australia
Mon, 27th May 2024
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advanced persistent threat protection
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llms
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ai
Bitdefender has unveiled Scamio on WhatsApp in Australia, offering an AI-powered tool to tackle online fraud, responding to a high occurrence of scams.
There’s a whole new wave of investment scams – and they feature people you might know
Thu, 23rd May 2024
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email security
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ai
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cybersecurity
AI-generated deepfakes are fuelling a new era of investment scams, featuring familiar faces to deceive us. Here's how to spot and avoid these high-tech traps.
Rising prepaid card use in UK amid living cost crisis
Fri, 17th May 2024
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online fraud
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women
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financial management
Nearly half of young adults in London are using Prepaid cards to manage finances and avoid debt amid cost of living crisis.
Australians show interest in using AI for online dating
Fri, 26th Apr 2024
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email security
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ai
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tinder
Over 50% of Australian online daters show interest in using AI to enhance their dating experience and avoid scams, according to a Norton survey.
Fastly introduces Bot Management to combat online fraud
Wed, 3rd Apr 2024
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application security
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breach prevention
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cybersecurity
Fastly has launched its Bot Management system, a cybersecurity advancement aimed at thwarting bot-triggered online fraud and abuses.