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Fraud Stories - Page 9

Global Stories

Fraud stories

Zendesk exploit allows phishing scams, CloudSEK reports
Endpoint Protection

Zendesk exploit allows phishing scams, CloudSEK reports

CloudSEK's latest report reveals how cybercriminals exploit Zendesk's subdomain feature to create convincing phishing scams, risking brand trust and security.

By Catherine Knowles • 3 min read • Wed, 22nd Jan 2025
How malicious bots disrupt the holiday travel season
Customer Experience

How malicious bots disrupt the holiday travel season

As Australian airlines brace for the bustling holiday season, they face a rising tide of malicious bots threatening customer trust and revenue.

By Dhanesh Ramachandran • 6 min read • Sat, 28th Dec 2024
PayPal warns Aussies of risky shopping ahead of sales
EduTech

PayPal warns Aussies of risky shopping ahead of sales

PayPal's latest research reveals a 9% rise in risky shopping habits among Australians ahead of Boxing Day, raising alarm over potential scams.

By Catherine Knowles • 3 min read • Thu, 26th Dec 2024
Businesses face $2.58 million in losses per hour from bots
Endpoint Protection

Businesses face $2.58 million in losses per hour from bots

Cequence warns businesses could face average losses of USD $2.58 million per hour this December due to surging malicious bot traffic and fraud.

By Catherine Knowles • 2 min read • Fri, 20th Dec 2024
LexisNexis to acquire IDVerse for advanced AI fraud tools
Customer Experience

LexisNexis to acquire IDVerse for advanced AI fraud tools

LexisNexis Risk Solutions has announced plans to acquire IDVerse, aiming to enhance its fraud management capabilities with AI-powered technology.

By Catherine Knowles • 3 min read • Fri, 13th Dec 2024
From deepfakes to ransomware: The key trends which will shape IT security in 2025
Malware

From deepfakes to ransomware: The key trends which will shape IT security in 2025

As Australia braces for 2025, key IT security trends like deepfakes and ransomware require organisations to adapt swiftly to emerging threats.

By Sadiq Iqbal • 5 min read • Mon, 9th Dec 2024
Experts warn of AI-driven threats to SaaS applications
Malware

Experts warn of AI-driven threats to SaaS applications

Cybersecurity experts at AppOmni warn that AI will empower attackers, making SaaS applications more vulnerable to sophisticated breaches in the coming years.

By Kaleah Salmon • 3 min read • Fri, 29th Nov 2024
Balancing AI advances with cybersecurity risks & caution
Firewalls

Balancing AI advances with cybersecurity risks & caution

As AI evolves in cybersecurity, industry leaders urge caution, balancing its benefits against risks, particularly in fraud and data protection.

By Sean Mitchell • 3 min read • Thu, 28th Nov 2024
Global fraud attacks rise 19% amid AI exploitation
Unified Communications

Global fraud attacks rise 19% amid AI exploitation

A new report reveals a staggering 19% rise in global fraud attacks, largely fuelled by AI exploitation, highlighting urgent need for improved detection measures.

By Kaleah Salmon • 3 min read • Fri, 22nd Nov 2024
AI-driven fraud & deepfakes pose escalating global threat
Crypto

AI-driven fraud & deepfakes pose escalating global threat

The Entrust Cybersecurity Institute's 2025 report reveals AI-assisted fraud incidents surged, with deepfake attacks hitting every five minutes in 2024.

By Sean Mitchell • 3 min read • Wed, 20th Nov 2024
Identity fraud in Europe surges by 150%, deepfakes on the rise
Crypto

Identity fraud in Europe surges by 150%, deepfakes on the rise

Identity fraud in Europe has surged by 150% year-on-year, with deepfake use escalating sharply and businesses reporting widespread challenges.

By Catherine Knowles • 3 min read • Wed, 20th Nov 2024

Stories from Other Regions

Fraud stories

United Kingdom loses record GBP £306m to crypto scams in 2023
Crypto

United Kingdom loses record GBP £306m to crypto scams in 2023

Cryptocurrency scams have surged in the UK, with victims losing GBP £306 million in 2023, prompting warnings for greater vigilance in the digital currency market.

By Shannon Williams • 3 min read • Thu, 6th Feb 2025
iProov integrates biometrics with Microsoft Entra ID
Biometrics

iProov integrates biometrics with Microsoft Entra ID

iProov has integrated its biometric authentication platform with Microsoft Entra ID, enhancing security for over 345 million users against identity fraud.

By Catherine Knowles • 3 min read • Fri, 13th Dec 2024
UK SMEs face heightened cyber threats from AI deepfakes
Advanced Persistent Threat Protection

UK SMEs face heightened cyber threats from AI deepfakes

A new survey reveals that 86% of UK SME employees fear rising cyber threats from AI and deepfakes, with many lacking confidence to identify risks.

By Melania Watson • 3 min read • Thu, 12th Dec 2024
Corporate Digital Identity: a tool to combat financial crime
Money Laundering

Corporate Digital Identity: a tool to combat financial crime

Financial crime is set to cost global economies USD $485.6 billion in 2023, prompting calls for Corporate Digital Identity to enhance fraud prevention.

By Melania Watson • 3 min read • Fri, 29th Nov 2024
NCSC warns of sophisticated scams during Black Friday
Data Protection

NCSC warns of sophisticated scams during Black Friday

The NCSC warns of a surge in sophisticated scams this Black Friday and Cyber Monday, with over 32,000 fraud reports and losses totalling GBP £30.4 million.

By Melania Watson • 2 min read • Tue, 26th Nov 2024
ICO urges firms to responsibly share data to tackle fraud
Data Protection

ICO urges firms to responsibly share data to tackle fraud

The Information Commissioner's Office is urging organisations to share personal information responsibly to combat the UK's growing fraud crisis.

By Sean Mitchell • 3 min read • Sat, 23rd Nov 2024
Social media scams cost Australian children AUD $129,700
EduTech

Social media scams cost Australian children AUD $129,700

AUCyber reports that Australian children have lost over AUD $129,700 to social media scams this year, prompting calls for enhanced online safety measures.

By Shannon Williams • 3 min read • Fri, 15th Nov 2024