Fraud prevention stories
Fraud experts predict tripled use of AI tools by 2024
Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.
Visa's AI averts fraud worth $273m in New Zealand banks
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
Data Zoo names former London Stock Exchange exec as new CEO
Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.
Visa's AI technology thwarts $714m fraud in Australia
Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.
iDenfy partners with StackGo to enhance SME compliance solutions
Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.
HID & Olea Kiosks merge for advanced facial recognition solutions
HID teams up with Olea Kiosks to offer a revolutionary user experience by integrating facial recognition technology in access control and authentication across various industries.
SEON appoints ex-Uber executive Björn Heckel as new CTO
Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.
LRN's anti-fraud courses receive accreditation in Singapore
Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.
Aussie consumers troubled by fake online reviews, new study reveals
A new study reveals 78% of Australian shoppers are anxious about fake reviews, prompting the need for government and brand intervention to verify online content authenticity.
Monavate teams up with Kasssh to boost cash payments in UK e-commerce
Monavate collaborates with startup Kasssh to allow UK online retailers to accept cash payments from customers.
Provenir & Trustfull team up for global risk decisioning enhancement
Trustfull has partnered with Provenir, broadening access to data sources via the Provenir Data Marketplace to enhance the efficiency of global risk decisions.
Black Friday & Cyber Monday see rise in 'false positives', warns SEON
Black Friday and Cyber Monday sales lead to rise in 'false positives', warns SEON, complicating transactions for merchants.
UK shoppers expected to be cautious in upcoming holiday season
UK consumers expected to keep a tight rein on their wallets this festive season despite falling inflation rates.
archTIS product wins Policy Mgmt Solution of the Year award
archTIS Limited's NC Protect earns Policy Management Solution of the Year at the CyberSecurity Breakthrough Awards.
SEON announces launch of full suite on Amazon Web Services
The online fraud prevention expert SEON has launched its full suite of fraud prevention solutions to customers on the Amazon Web Services Marketplace.
Preventing invoice fraud with automated invoice processing
By moving away from manual processes towards automated solutions, businesses can identify and prevent invoice fraud via greater transparency and accountability.
Using big data to combat fraud in the telco network
A telco’s core business is focused on consumers. However, there is also a growing urgency to cut down on fraudulent operations within the network operations.
Fincity prioritises fraud prevention with new partnership
Fincity partners with fraud prevention and identity verification platform iDenfy, to strengthen its security with full-stack identity verification.
Property-tech company enhances onboarding with iDenfy
iDenfy, an identity verification and fraud prevention platform, announces a new partnership with June, a property-tech company.
SEON hires new CRO to combat financial crime
Global financial crime prevention experts, SEON, hired Matt DeLauro as its new CRO to help prevent financial crime and support businesses.