Fraud stories

Gr4vy unveils Agentic Development Kit to help merchants sell inside ChatGPT and other AI platforms without overhauling their payment systems.

Ecommpay urges eCommerce overhaul as fraud report says current controls miss social engineering, distort competition and leave merchants exposed.

Sydney skincare founder says chargeback scams have stripped tens of thousands from her AUD $500,000-a-year brand as fraud pressure builds.

Foreign banks in Australia face pressure to tighten anti-money laundering checks after AUSTRAC found weak reporting, blind spots and money mule exposure.

Opia widens promotion protection for brands as volatility, inflation and fraud fears push marketing teams to seek tighter budget control.

Australia's Big Four loan scandal highlights how process intelligence can expose ghost paths, bypassed checks and hidden fraud networks.

Australian and New Zealand businesses are being urged to harden cloud defences as experts warn of identity flaws, misconfigurations and AI-fuelled attacks.

Monash University Malaysia and Emerging Payments Association Asia launch a three-year research pact on quantum-safe cryptography, stablecoins and fraud.

Mobile money transactions topped USD $2 trillion in 2025 as global use surged, led by Sub-Saharan Africa but with growth across all regions.

HPE Threat Labs warns cybercrime now runs like big business, as AI-fuelled, industrial-scale attacks hammer government and finance.

Visa widens Bridge tie-up to let more firms issue stablecoin-backed cards, targeting faster, more certain cross-border SMB payments.

AI-fuelled scams help push illicit finance to an estimated USD $4.4 trillion in 2025, with fraud losses hitting USD $579.4 billion.

Data specialist Melissa debuts a podcast probing how flawed customer and identity data fuels risk, fraud and compliance headaches.

Bitdefender exposes 26,000 Meta ads in 25 countries pushing fake investment schemes, impersonating banks, media and public figures.

Autonomous AI 'agentic customers' will upend banking, FICO warns, reshaping pricing, risk and customer ties as USD $3tn value beckons.

Australian firms warn generative AI is fuelling unprecedented fraud losses, as most say their defences and tools can no longer keep pace.

Retailers risk USD $796bn in losses from returns and shrink in 2025, with omnichannel gaps fuelling preventable fraud and abuse.

KnowBe4 appoints former DocuSign executive Kelly Morgan as chief customer officer to steer global client strategy amid rising AI security risks.

Internal auditors warn AI-driven fraud is surging, but most concede they lack the tools, skills and time needed to spot it effectively.

AI-driven romance scams are rife on UK dating apps, with one in five users meeting fake profiles and 11% losing money, new research warns.