Fraud prevention stories - Page 8

Amid a 55.7% surge in retail theft in New South Wales, Officeworks teams up with data analytics firm Appriss Retail to counter shrink across its 169 Australian stores.

Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.

Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.

Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.

Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.

Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.

Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.

HID teams up with Olea Kiosks to offer a revolutionary user experience by integrating facial recognition technology in access control and authentication across various industries.

Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.

Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.

A new study reveals 78% of Australian shoppers are anxious about fake reviews, prompting the need for government and brand intervention to verify online content authenticity.

Sportsbet reduced fraud loss by over 80% and decreased chargebacks over 82% by collaborating with Accertify, revolutionising fraud prevention in the online wagering industry.

Monavate collaborates with startup Kasssh to allow UK online retailers to accept cash payments from customers.

Trustfull has partnered with Provenir, broadening access to data sources via the Provenir Data Marketplace to enhance the efficiency of global risk decisions.

Black Friday and Cyber Monday sales lead to rise in 'false positives', warns SEON, complicating transactions for merchants.

UK consumers expected to keep a tight rein on their wallets this festive season despite falling inflation rates.

archTIS Limited's NC Protect earns Policy Management Solution of the Year at the CyberSecurity Breakthrough Awards.

The online fraud prevention expert SEON has launched its full suite of fraud prevention solutions to customers on the Amazon Web Services Marketplace.

By moving away from manual processes towards automated solutions, businesses can identify and prevent invoice fraud via greater transparency and accountability.

A telco’s core business is focused on consumers. However, there is also a growing urgency to cut down on fraudulent operations within the network operations.