Fraud prevention stories - Page 15

Zepto launches Zepto Validate, a real-time account verification service in Australia to reduce payment fraud and failures with smart risk scoring.

Kmart breached Australian privacy laws by using facial recognition in 28 stores without proper consent, collecting biometric data to tackle refund fraud.

FICO has secured ten new patents to enhance Responsible AI, boosting transparency and fraud prevention across numerous sectors globally.

Visa's new Acquirer Monitoring Programme, effective October 2025, imposes stricter fraud and dispute thresholds, charging USD $8 per transaction dispute over 2.2%.

Bitsight launches Brand Intelligence, an AI tool to detect and swiftly tackle phishing and brand threats targeting companies and executives.

UATP and Burbank partner to enhance airline online payments with secure card present tech, cutting fraud and costs in the USD $837 billion airline market.

SquareX has won the 2025 Browser Security Solution of the Year award for its innovative platform that protects enterprises from complex browser threats.

Bitdefender launches They Wear Our Faces campaign to fight AI-driven scams like deepfakes, warning consumers worldwide to stay alert and protect personal data.

More than half of firms faced deepfake fraud losses averaging USD $280,000 per incident, despite increased cybersecurity training and awareness efforts.

Experts urge focus on robust data systems for Australia's Payday Super reform, aiming for timely, accurate super payments from July 2026 launch.

Only 23% of Australians trust companies to use AI responsibly, preferring human interaction over automation amid growing data privacy concerns.

RCS offers Australian businesses a secure, interactive way to boost customer engagement and trust, tackling data privacy concerns amid rising scams.

AI-driven cyberattacks now cost firms on average USD $4 million and 100 days to recover, raising security to a vital business priority worldwide.

ANZ warns Australian small businesses to stay vigilant as scams cause AUD $84 million losses amid rising cybercrime threats in 2024.

Cyber insurance among Australian small businesses has surged 50% amid rising cybercrime threats, with incidents costing an average of AUD $49,600 each.

Australian insurers face over AUD $1.8bn in weather claims in early 2025 amid rising extreme events, boosting AI use to manage surges and fraud.

Despite 69% of Australians regularly using mobile banking apps, satisfaction remains modest with a 66.0 CX Index score, says Forrester's 2025 report.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Finance leaders can enhance spend compliance by focusing audits on high-risk areas, using AI, automating checks, and applying data analytics for stronger controls.

Business leaders can build resilience amid economic uncertainty by modernising finance operations, improving cash flow, and leveraging technology to capture growth opportunities.