Online fraud stories - Page 8

A study by Proofpoint reveals a rise in Bitcoin scams utilising video attachments in multimedia messages, evolving from static images to deceive victims.

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.

As the festive shopping season approaches, researchers have identified nearly 80,000 counterfeit websites, endangering online shoppers seeking deals.

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

A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.

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.

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

Visa's digital economy and anti-fraud efforts in Asia Pacific are making strides. Over USD $2bn in transactions were processed through its Token Service, and merchants reported a 58% decrease in fraud.

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.

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 latest specialised bots now make it far easier and quicker for fraudsters to fool their targets into providing their authentication codes or OTPs.

Norton research predicts that economic pressures in 2023 will create the perfect environment for cyber scammers to exploit vulnerable individuals.

Death and taxes are inevitable. So too is the rise of cyber incidents hitting organisations where it hurts most: the bottom line.