Online fraud stories - Page 10

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.

Research from Cequence Security warns eCommerce firms could lose GBP £2.02 million per hour to cybercrime during December's holiday shopping season.

Netacea has secured an additional GBP £4 million investment from Mercia Asset Management to enhance its fight against sophisticated bot attacks.

Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.

AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.

As Black Friday and Cyber Monday approach, experts warn shoppers to be vigilant against rising cyber threats like malvertising and online fraud.

Kaspersky has uncovered a sophisticated cyber fraud scheme, 'Tusk,' exploiting popular trends like web3 and AI to steal cryptocurrency and sensitive data.

A new Transmit Security report reveals generative AI is fuelling a surge in dark web fraud, with accessible tools like FraudGPT boosting online scam capabilities.

Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.

AI-generated deepfakes are fuelling a new era of investment scams, featuring familiar faces to deceive us. Here's how to spot and avoid these high-tech traps.

Nearly half of young adults in London are using Prepaid cards to manage finances and avoid debt amid cost of living crisis.

Fastly has launched its Bot Management system, a cybersecurity advancement aimed at thwarting bot-triggered online fraud and abuses.

The i3Forum introduces the One Consortium, a global non-profit initiative aimed at restoring public confidence in communications, following a surge in illegal calls and messages.

Manchester authentication startup Zally is aiming to revolutionise cybersecurity with progressive behavioural biometrics technology.

Rise in online fraud prompts Payment Service Providers to seek innovative third-party solutions for prevention.

One in Three UK consumers believes that over half of online ads are now AI generated but are unaware of how risky they are to click on.

Tie-up offers MPGS customers access to Vesta's Payment Guarantee and Payment Protect solutions, resulting in higher transaction approval rates.

Cloudflare is entering the fraud detection market with its Cloudflare Fraud Detection tool to help businesses combat online fraud.

The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.