Fraud stories
eCommerce fraud boom leads to a surge in CNP crime, spotlighting vital PCI-DSS compliance and advanced security tech.
Financial compliance remains a weak point for businesses, with internal control weaknesses and employees being the main culprits, according to SAP Concur.
Finance leaders must embrace new technologies and combat fraud to drive growth and mitigate risks, says SAP Concur.
Nuance Communications claims its biometric technology has thwarted over USD $1 billion in fraud, as fraud attacks via contact centres rise sharply.
Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.
Its new solution uses machine learning to protect online and mobile channels, as well as meet compliance requirements for transactional risk analysis.
Huawei faces 13-count indictment in the US, including bank fraud, wire fraud, and conspiracy charges. CFO Meng also indicted.
Proofpoint researchers have looked ahead at the trends and events likely to shape the threat landscape in the year to come.
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Despite the crackdowns, Microsoft warns that these scams persist and target everyone, no matter their age or location.
The company admits that approximately 10 million records containing personal data may have been accessed during the 2017 breach.
From personal privacy to online scams, it seems almost every IT security-related issue now has its very own awareness week.
Phone and online scams are costing New Zealanders $33 million, causing both financial and psychological harm, according to Netsafe.
Despite ongoing efforts to raise awareness about online scams and fraud, New Zealanders are still losing staggering amounts of money.
Internal and external risks accompany the digitisation of businesses, with fraud being a major concern for companies, says SAP Concur.
Unfortunately the Xero Security team is all too aware of fraud. We see it affecting our customers and community as an almost daily event.
Is this for real? More often than not these days it can be hard to tell, and it's okay to be a bit suspicious, especially when it comes to fraud.
Australian merchants have lost AUD $476 million to CNP fraud in the past year. With fraud accounting for 78% of all payment issues, businesses must act now.
The ACCC has issued another warning to Australians to be wary of scam tactics, as victims continue to lose large sums of money.
So far in 2018 Australians have lost more than $26 million to investment scams. Already monthly losses have increased 117% since last year.
