Fraud prevention stories - Page 18

Australian businesses face rising AI-driven cyberattacks as criminals use machine learning and deepfakes, urging firms to adopt advanced cybersecurity measures.

A major Australian financial institution lost A$23m from unauthorised transactions, prompting a nationwide push to prioritise trust and fraud prevention in 2024.

Expense reporting is evolving from a compliance task to a strategic tool, boosting business resilience, efficiency, and growth through real-time insights and automation.

Cybersecurity experts have highlighted the continued significance of personal information to cybercriminals and the varied threats posed by data exposures.

One Click Group has integrated ConnectID to enable faster, safer identity checks, streamlining tax and financial services verification across Australia.

Tracer AI launches Tracer Protect for ChatGPT, an AI tool to monitor and combat brand fraud and scams exploiting ChatGPT chatbot responses.

CommBank has launched AI bots developed with Apate.ai to engage scammers in real-time, disrupting fraud and protecting Australians from scams.

Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.

Eftsure has acquired Sis ID to form the world's largest business payment protection platform, covering 30+ countries and 3,500+ clients globally.

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

Cloudera expands its hybrid data platform with AI tools to aid real-time crisis decisions, boosting disaster response and Australia's climate resilience.

Ecommpay won Payments Innovation and Fraud Prevention of the Year at the Retail Systems Awards 2025 for pioneering eCommerce payout and fraud detection solutions.

Full adoption of e-invoicing could boost Australia's economy by AUD $22.5 billion annually through productivity gains, faster payments, and fraud reduction.

A massive data breach exposing 16 billion credentials from major firms and government services signals severe global digital security flaws.

Sumsub launches 'The Beast 2.0' to fight a 121% surge in digital identity fraud across APAC, promoting secure digital access and inclusion in fintech and crypto sectors.

Businesses can harmonise user experience and cybersecurity through identity and access management, ensuring seamless yet secure digital interactions.

Over a third of top global healthcare providers lack full email security, leaving systems vulnerable to phishing and risking patient safety and data breaches.

Puma has partnered with Adyen to unify payment systems across Asia Pacific stores and events, boosting efficiency and delivering a seamless customer experience.

Sumsub enhances fraud defence by integrating Fingerprint's device intelligence, offering real-time threat detection without complicating genuine user access.

Report It Now and Accord Analytics have launched an AI-driven fraud detection and whistleblower system across Australasia to tackle rising fraud.