Fraud prevention stories

Commonwealth Bank unveils a responsible AI blueprint, detailing governance, safeguards and fraud controls as scrutiny of automation grows.

Upcover adds deepfake incident cover to cyber policies in Australia via Coalition, targeting rising AI impersonation and fraud risks.

1Kosmos and Fischer link biometric ID checks with campus IAM to block enrolment and aid fraud while enabling passwordless access.

cside launches browser-based AI Agent Detection toolkit, helping businesses spot agentic traffic and tailor site experiences in real time.

Fico says by 2026 banking AI will be standard infrastructure, heightening fraud risks and putting CIOs and human cyber oversight centre stage.

Ecommpay and Payrails form strategic tie-up, offering large merchants a single API to streamline complex, multi-provider payment stacks.

Callback phishing jumps sixfold as BEC fraud stays dominant, with criminals weaponising CAPTCHAs, trusted brands and cloud platforms.

CelcomDigi, Firebase and Telenor Linx launch network-based phone verification in Malaysia to replace vulnerable SMS one-time passwords.

Melissa’s global phone verification delivers real-time accuracy, fraud protection and compliance, turning unreliable phone data into growth.

Mastercard launches Next Gen fleet payments in Asia Pacific, unifying fuel, EV charging and mobility spend with tighter data controls.

SEON launches global partner programme to embed its AI-powered fraud and AML tools deeper into platforms as online scams surge worldwide.

Avast rolls out Deepfake Guard for Windows and takes Scam Guardian global on mobile in a push to combat rising video-led fraud.

SME Bank turns to Flagright’s AI-native platform for real-time AML monitoring and watchlist screening as it scales across northern Europe.

Cybersecurity as a Service market forecast to soar from USD $17.60bn in 2024 to USD $83.96bn by 2034, driven by threats and skills gaps.

Chargebase launches a unified platform giving merchants instant Verifi and Ethoca alerts, automating workflows to cut chargebacks and costs.

Lydian app lets Clover merchants accept crypto from 300+ digital assets at checkout while still being settled in local fiat currency.

Xelix research warns large UK and US firms lose up to USD $53 billion a year to accounts payable errors, duplicates, missed credits and fraud.

Holiday refunds jumped 18.1% in 2025, with each USD $1 million in refunds costing retailers about USD $1.3 million once overheads are included.

SEON wins Frost & Sullivan’s 2025 Global Enabling Technology Leadership Award for AI-driven fraud and AML platform innovation.

AI voice cloning scams have already cost Australians AUD $25.8m in 2025, as experts warn lifelike fake calls are outpacing public awareness.