Consumer technology news from the future
Online fraud stories
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Nuance revamps AI authentication to protect seniors from fraud
The tool utilises intelligence voice detection capabilities to let enterprises identify if callers are over the age of 65 and, if so, prioritise their call, get them to a live agent for service and better protect them from fraud.
NZ credit bureau Centrix co-develops fraud detection service
The service has been put through a robust Privacy Impact Assessment and it was developed in accordance with New Zealand’s current privacy legislation.
Cloudera: Taking a unified approach to fighting financial crime
With the volume of valuable financial data increasing by the second, how do businesses ensure they balance expectations for robust security controls from customers with their need for convenience?
Hong Kong counts the opportunities and costs of leading fintech adoption rates
High early adoption rates and extensive mobile device use make Asia the ideal testing ground for fintech development.
Black Friday alert: Financial botnets targeting e-commerce apparel sites
Black Friday is arguably the most anticipated retail sales period in the world, when brands offer consumers the largest discounts and promotional offers.
Cost of fraud averaging 3.4 times lost transaction value - study
The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.
How YouAppi aims to enable effective detection of fraudulent traffic
YouAppi aims to allow brands to make real-time adjustments and optimise marketing efforts in order to reach customers at any point in the funnel.
How finance leaders can drive growth and avoid risk
“The CFO and finance team are crucial to an organisation’s success."
FBI disrupts multiple botnets as part of anti-fraud operation
Ad fraud ring 3eve used botnets to generate nearly 30 million dollars in fraudulent ad revenue.
Kiwis concerned about being scammed – survey
This unease is warranted given the growing sophistication of scammers and their activities, and numbers of attempted fraud.
Mobile app fraud transactions have skyrocketed 680% since 2015
As our lives become increasingly ensconced within apps on our mobiles, it seems so too does cybercrime with fraud "not going away anytime soon."
Cybercrime becomes most common form of fraud in UK
PwC's study has found for the first time ever cybercrime has become the most common form of fraud with nearly a quarter resulting in a loss of £700k.
Out with credit cards & in with identity data: Cybercriminals take fraud to new levels
Cybercriminals are ditching the ‘quick buck’ methods of stealing credit cards and are instead going after identity data.
Online fraud leaves APAC consumers wary of digitalization
The study found that on average, trust in digital services is relatively low across the region...
Email phishing scam targeting UK students a ‘timely warning’
UK watchdog Action Fraud has released details of an complex email phishing scam that has been touted as a much needed warning for the public.
Digital Shadows discovers credit card crime ring cashing in on $24b a year
A professional ecosystem has emerged that is providing e-learning courses to allow aspiring cybercriminals to make USD$12k in monthly earnings.
Report urges organisations to be wary of BYOD and rogue employees
"Current cyber policies are inadequate in safeguarding against rogue employees and criminals who are intent on stealing data, IP and even cash."
Survey finds China’s a hotspot for all types of fraud: Whistleblowing may be the answer
86% of respondents with operations in China experienced a fraud incident last year, a 13% jump since 2015.
Stripe's new 'caller ID' machine learning platform is tackling online fraud - and making card payments safer
Radar works by using algorithms to detect patterns and instances of likely fraud. As it learns, its defences become more powerful over time.
NSW Fair Trading warns against dealing with Digital Skies Group
“This company is the subject of numerous complaints & Fair Trading has been unable to make contact with the business owner despite numerous attempts."
Fighting bank fraud and improving the customer experience: Can they work together?
Decreasing the risk of bank fraud and improving the customer experience are both based on knowing the customer - can they work together?
New tool to protect retailers from online fraud
“Online fraud is much closer to home than retailers might think, and can be any purchase value made by any purchase method."