Fraud stories
Compliance teams are being pushed to learn blockchain tracing as illicit crypto activity keeps rising and digital assets enter mainstream finance.
Retailers may see holiday sales dented months later, as earlier shopping leaves a longer window for refund abuse, disputes and chargebacks.
Newly observed merchants are most exposed in their first three months, with 10.5% hit by fraud and the median first case coming after 33 days.
Banks and insurers face rising losses as deepfake fraud is now estimated at USD $40 billion a year, with voice cloning fuelling most cases.
Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.
Billions still offline and fraud on the rise as the GSMA pushes for 5G returns, cheaper handsets and global 6G standards.
Fraud teams can now flag suspicious devices before login, as PoSA v1.11 adds real-time risk scores to help stop account takeovers earlier.
The practice is adding to retailers' costs and may push prices higher, with 37% of UK online shoppers admitting or considering refund abuse.
The Hong Kong firm will gain access to major banks and insurers as it seeks customers wary of costly core-system overhauls.
The partnership will fund more than 3,200 hours of specialist help, aiming to support over 1,000 fraud and cybercrime victims in the US and UK.
Most European firms are unprepared for AI-enabled attacks, as 56% of cybersecurity teams say they are understaffed and 55% underfunded.
Security teams are being pushed to monitor AI activity across systems, as executives warn that unsanctioned tools and hidden agents are outpacing governance.
Businesses face growing risk from AI-driven fraud as ANZ says rushed seasonal trading can let scammers exploit weak payment controls.
More than a third of financial firms in Europe, the Middle East and Africa reported fraud attempts rising by over 25% in two years.
Businesses are facing a sharp rise in email scams as AI makes phishing faster, cheaper and harder for native filters to spot.
Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.
Banks and phone firms face pressure to do more, as 34 per cent of Canadians say they were targeted by a scam in the past year.
Rising AI-driven scams are prompting agencies to push basic defences, as the annual awareness drive urges New Zealanders to act before breaches bite.
Selected Queensland customers can now verify their identity at NAB branches by sharing a mobile driver licence, cutting manual checks and document handling.
The new service aims to curb payment diversion fraud in property and legal deals by verifying recipient accounts before client money is sent.
