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Fraud Stories - Page 8

UK Stories

Fraud stories

Concerns rise over digital ID storage on phones in the UK
Physical Security

Concerns rise over digital ID storage on phones in the UK

A Thales survey reveals that one-third of UK residents are storing official ID on their phones, raising alarms over potential identity fraud.

By Shannon Williams • 3 min read • Fri, 14th Feb 2025
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

Global Stories

Fraud stories

Insurance executives see opportunity in $1.8 trillion gap
Artificial Intelligence

Insurance executives see opportunity in $1.8 trillion gap

A recent survey reveals that 79% of insurance executives feel a moral duty to address the USD $1.8 trillion global protection gap, viewing it as a key business opportunity.

By Sean Mitchell • 3 min read • Wed, 26th Feb 2025
Healthcare tops data breach incidents in 2024, surpassing finance
Ransomware

Healthcare tops data breach incidents in 2024, surpassing finance

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

By Kaleah Salmon • 3 min read • Fri, 21st Feb 2025
Businesses face growing threat from deepfake scams, Forrester warns
Breach Prevention

Businesses face growing threat from deepfake scams, Forrester warns

A Forrester Research report reveals that the rise of deepfake technology poses significant risks for businesses, with scams costing firms millions.

By Sean Mitchell • 3 min read • Thu, 20th Feb 2025
Kaspersky blocks over 893 million phishing attempts in 2024
Malware

Kaspersky blocks over 893 million phishing attempts in 2024

In 2024, Kaspersky blocked over 893 million phishing attempts, a 26% rise from 2023, as cybercriminals exploited trusted brand names to deceive users.

By Shannon Williams • 3 min read • Thu, 20th Feb 2025
Kapwork launches platform to streamline invoice factoring
IT Automation

Kapwork launches platform to streamline invoice factoring

Kapwork has launched its innovative Kapwork Verify platform to automate invoice factoring, claiming a potential 20% cut in operational costs for businesses.

By Catherine Knowles • 3 min read • Thu, 13th Feb 2025
Top mobile messaging disruptors unveiled for 2025
Unified Communications

Top mobile messaging disruptors unveiled for 2025

Juniper Research has highlighted Sendbird, Front, and Sleekglow as top disruptors in the mobile messaging sector for 2025, aiming to challenge established players.

By Sean Mitchell • 2 min read • Tue, 28th Jan 2025
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

Stories from Other Regions

Fraud stories

Lack of whistleblowing systems undermines ESG in Australia
Transparency

Lack of whistleblowing systems undermines ESG in Australia

Report It Now raises alarm over the inadequate whistleblowing infrastructure in Australian firms, jeopardising Environmental, Social, and Governance commitments.

By Shannon Williams • 3 min read • Wed, 12th Feb 2025