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The fintech fraud epidemic: Banks aren't getting worse, fraudsters are just getting better
Fintech

The fintech fraud epidemic: Banks aren't getting worse, fraudsters are just getting better

Fintech fraud is on the rise, exacerbated by the global pandemic. Traditional fraud prevention methods are no longer effective.

By Contributor • 4 min read • Fri, 4th Mar 2022
Not enough businesses have authentication protection - Microsoft
Passwordless

Not enough businesses have authentication protection - Microsoft

When it comes to our world online, protecting and defending our most valuable digital asset - our identity - is vital.

By Shannon Williams • 3 min read • Fri, 11th Feb 2022
Allure Security raises $6.8 million seed round in fight against digital fraud
Cybersecurity

Allure Security raises $6.8 million seed round in fight against digital fraud

Allure Security has raised a $6.8 million seed round as the company progresses in a $76 billion battle against digital fraud.

By Shannon Williams • 3 min read • Fri, 11th Feb 2022
The wild west of cryptocurrency fraud & How Kiwis are getting stung
Crypto

The wild west of cryptocurrency fraud & How Kiwis are getting stung

Cryptopia went from launch to managing funds for 1.4 million investors to a significant data breach and its inevitable death - all in just five years.

By Sara Barker • 12 min read • Fri, 11th Feb 2022
To click or not to click: What F-Secure learned from phishing 80,000 people
DevOps

To click or not to click: What F-Secure learned from phishing 80,000 people

According to a new study from F-Secure, phishing emails mimicking HR announcements or asking for assistance with invoicing get the most clicks from recipients.

By Ryan Morris-Reade • 4 min read • Fri, 28th Jan 2022
6 significant changes to online fraud we saw in 2021
Software-as-a-Service

6 significant changes to online fraud we saw in 2021

SEON Fraud Prevention co-founders discuss the top trends that changed fraud in 2021, including the rise of Ransomware as a Service and easier online fraud.

By Ryan Morris-Reade • 4 min read • Tue, 4th Jan 2022
How to ensure your business isn't scammed this Christmas
Software-as-a-Service

How to ensure your business isn't scammed this Christmas

Australian and New Zealand businesses face increased risk of fraud this festive season due to distractions and increased activity, warns SAP Concur.

By Ryan Morris-Reade • 4 min read • Tue, 14th Dec 2021
Forter strengthens eCommerce security with Trusted Identities
Fraud

Forter strengthens eCommerce security with Trusted Identities

Forter launches Trusted Identities to simplify online account authentication and protect against fraudsters. (109 characters).

By Catherine Knowles • 3 min read • Tue, 14th Dec 2021
Are banks, social media and telcos to blame for scam explosion?
Unified Communications

Are banks, social media and telcos to blame for scam explosion?

Consumers think banks, retailers and mobile operators need to do more to protect them and their personal information from fraudsters.

By Shannon Williams • 3 min read • Mon, 27th Sep 2021
FiVerity launches 'revolutionary' Cyber Fraud Network
Cybersecurity

FiVerity launches 'revolutionary' Cyber Fraud Network

FiVerity launches industry-first Cyber Fraud Network to combat cyber tactics and fraudulent theft in financial institutions.

By Catherine Knowles • 3 min read • Fri, 27th Aug 2021
Cost of fraud in Asia Pacific reaches almost $4 per transaction
Fraud

Cost of fraud in Asia Pacific reaches almost $4 per transaction

A new study by LexisNexis Risk Solutions suggests that the cost of fraud in Asia Pacific tops almost US$4 for every transaction made.

By Staff Writer • 2 min read • Thu, 8th Jul 2021
Online payment fraud losses to exceed $206 billion, driven by identity theft
Physical Security

Online payment fraud losses to exceed $206 billion, driven by identity theft

Online payment fraud losses are set to exceed $206 billion over the next five years, driven by identity fraud, according to Juniper Research.

By Shannon Williams • 3 min read • Tue, 6th Jul 2021
Ping Identity acquires bot detection firm SecuredTouch
Cybersecurity

Ping Identity acquires bot detection firm SecuredTouch

Ping Identity has acquired fraud and bot detection firm SecuredTouch, combining fraud and identity security capabilities. The deal's terms were not disclosed.

By Staff Writer • 2 min read • Thu, 24th Jun 2021
Scams number one online crime
Email Security

Scams number one online crime

Scams make up 56% of all online fraud attacks, according to new research from cyber intelligence company Group-IB.

By Shannon Williams • 3 min read • Fri, 11th Jun 2021

Stories from Other Regions

Fraud stories

New Mastercard research focuses on safer shopping and spending habits
EduTech

New Mastercard research focuses on safer shopping and spending habits

NZ consumers shift towards spending on experiences after lockdown, with the average Kiwi saving $3,000, says Mastercard research.

By Mitchell Hageman • 3 min read • Thu, 9th Dec 2021
Visa saves Kiwi businesses $88 million with AI-powered security
Blockchain

Visa saves Kiwi businesses $88 million with AI-powered security

Visa's AI solution has prevented $88m in fraud for New Zealand businesses in the past year, according to the company.

By Catherine Knowles • 3 min read • Fri, 26th Nov 2021
It's Fraud Awareness Week: How you can steer clear of scams and fraud
Email Security

It's Fraud Awareness Week: How you can steer clear of scams and fraud

Netsafe reports 86% rise in identity fraud and 37% increase in investment fraud in New Zealand, sparking concern over online safety.

By Sara Barker • 3 min read • Fri, 19th Nov 2021
Cyber security breach reports rise 25%
Data Protection

Cyber security breach reports rise 25%

The number of cyber security incidents reported in this country has risen 25 percent since the same time last year. .

By RNZ • 2 min read • Thu, 3rd Jun 2021