Fraud prevention stories
Email fraud is still slipping through Australian firms as front-line staff prove better than managers at spotting scams, a CommBank survey found.
Fraud is eroding trust in digital services, with 56% of Australians saying they have already suffered online scams or identity theft.
Australians have lost AUD $837.7 million to investment scams this year, prompting a 90% rise in ASIC website takedowns.
Businesses will be able to track vehicle costs in real time as Visa and Westpac replace closed-loop fuel cards with mobile digital credentials.
Banks and payment providers could cut fraud losses by up to 40% as the new system flags risky merchants earlier in the payment chain.
Healthcare advertisers in India and New Zealand will face tighter checks before using Google Ads, as LegitScript widens its certification scheme.
Banks are being urged to watch for fraud and exploitation patterns as the 2026 World Cup is expected to fuel risky cross-border payments.
A 1,151% jump in iOS injection attacks in late 2025 has put mobile identity checks under fresh pressure, iProov says.
Airlines could cut chargebacks and manual review costs as Outpayce adds Riskified's fraud screening to its payments platform worldwide.
Trusted data can cut fraud, speed onboarding and reduce manual reviews as banks try to balance customer ease with tighter controls.
Hidden process gaps in mortgage origination can let fraudulent loans slip through, raising fresh questions for banks after a Australian Big Four case.
MiCA rules are pushing crypto exchanges to tighten onboarding checks, as Bybit EU seeks smoother customer verification across the EEA.
Merchants will gain a single connection to open banking payments and fraud checks as the two fintechs combine routing data and bank identity tools.
Breaches in large cloud environments are increasingly tied to weak identity controls, misconfigurations and poor data sovereignty governance.
The move could help firms block synthetic impostors before payments or sensitive data are approved across voice, video and contact centre systems.
Financial institutions could cut manual checks as a Fujifilm-DoxAI tool scans identity and income records for fraud in New Zealand.
AI-led payments are moving into Thailand’s checkout process, with a controlled pilot showing how a ride can be booked and paid for automatically.
Authenticated AI payments in Singapore and Malaysia could set the standard for cross-border commerce, with banks weighing fraud and consent risks.
Tighter onboarding could ease Bybit EU’s MiCAR compliance burden as the exchange expands identity verification across eligible EEA markets.
Demand from larger businesses has lifted Ramp’s enterprise customer base 133% in 2025, as Visa adopts its software too.