CFOtech Australia - Technology news for CFOs & financial decision-makers

Fraud stories

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Appdome enhances geo-fraud detection with new security features
Yesterday
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vpns
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risk & compliance
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ai
Appdome has bolstered its Geo-Fraud Detection service with Geo-Location Fencing and Geo Desync Attack Detection to better protect mobile apps from location-based fraud.
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How payment service providers and merchants can enhance the eCommerce payment experience
Last week
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cx
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martech
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physical security
As eCommerce expands towards an estimated market value of USD $9.3 trillion by 2027, combining network tokenisation and Click to Pay can help merchants enhance security and convenience, reducing cart abandonment and boosting customer loyalty.
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97% of Australians targeted by digital scams, says PayPal report
Last week
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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.
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Enzoic launches global partner program to combat cyber threats
Last week
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partner programmes
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physical security
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iam
Enzoic introduces a Global Partner Program to combat compromised credentials, identity theft, and payment card fraud, offering threat intelligence solutions and Dark Web monitoring.
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Labour landslide win prompts urgent digital transformation push
This month
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digital transformation
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martech
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cdp
The Labour Party's landslide victory heralds a seismic shift in UK politics, with significant implications for the tech industry and digital transformation.
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APAC eCommerce businesses facing major bot threats
This month
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cybersecurity
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fraud
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asia pacific
Akamai's State of the Internet report reveals 42% of web traffic is bot-driven, with 65% being malicious, posing severe risks to the eCommerce sector.
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Surge in cybercrime on Telegram highlights security concerns
This month
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ddos
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apm
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cybersecurity
Kaspersky reports a 53% rise in cybercriminal activity on Telegram between May and June 2024, highlighting the platform's growing appeal for fraud, DDoS attacks, and data leaks.
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Netsafe warns of inadequate response to rising online fraud
This month
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edutech
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victim support
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netsafe
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.
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Mobile app security survey reveals robust consumer demand
Last month
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ai
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fraud
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mobile apps
Survey reveals a dramatic rise in consumer demand for mobile app security, fraud prevention, and privacy measures, with 99.5% of users seeking robust protections.
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BioCatch report underscores evolving fraud landscape in APAC
Last month
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endpoint protection
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fintechs
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email security
BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.
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Report reveals a 23% rise in global ad fraud schemes
Last month
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ai
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fraud
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genai
APAC's ad market is set to grow 8.5% to USD $289 billion in 2024, amid rising AI-driven ad fraud and evolving media quality trends.
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ANZ Plus launches digital identity service with ConnectID
Last month
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martech
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physical security
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cdp
ANZ Plus partners with ConnectID to launch a Digital Identity service, simplifying and securing identity verification for customers, enhancing data privacy and reducing fraud.
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Panaseer predicts SEC reports could see up to 2600 NIST mentions
Last month
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data analytics
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risk & compliance
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cybersecurity
Cybersecurity firm Panaseer forecasts that SEC reports may see up to 2,600 mentions of NIST in 2024, a significant increase driven by new SEC rules enforcing detailed cybersecurity disclosures.
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Group-IB helps bust Southeast Asian cyber fraud syndicate
Last month
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cybersecurity
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cybercrime
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fraud
Group-IB aided a tri-nation police operation that dismantled a cyber fraud syndicate, linking it to over 1,899 cases in Singapore and losses exceeding USD $25 million.
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Traceable AI uncovers growing API security issues in finance
Last month
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cybersecurity
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risk & compliance
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visibility
A report from reveals critical API security flaws plaguing the US financial sector, with 82% of institutions concerned about regulatory compliance.
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Lucinity launches AI copilot plug-in at Money2020 Europe
Last month
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fintechs
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crm
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rpa
Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.
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Ticketmaster cyberattack - what lessons can be learnt?
Last month
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firewalls
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siem
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network security
The Ticketmaster data breach affected 560 million people, with personal data being sold for USD $500 million. AI-powered SIEM systems emerge as key in preventing such cyberattacks.
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Finance professionals lead in AI adoption, report reveals
Last month
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cryptocurrency
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fintechs
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blockchain
Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.
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Cyber risk is keeping the Australian enterprise on its toes
Last month
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ransomware
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devops
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siem
Australian organisations need to keep cyber risks in check to avoid incidents and liabilities.
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Appdome launches SDKProtect to secure mobile development
Last month
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endpoint protection
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surveillance
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application security
Appdome launches SDKProtect to enhance mobile SDK security. This service aims to counteract threats like root detection evasion and data tampering, ensuring safer applications.