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Online fraud stories

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Digital Transformation
Save the Children selects Forter to curb donation fraud
This week
Forter partners with Save the Children Australia to reduce card testing fraud by deploying the company’s Trusted Conversions solution.
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Data Privacy
Asia’s data privacy landscape is ‘coming of age’ – how can businesses cope?
This month
Identity theft and online fraud are becoming more prevalent than ever. A recent IBM study revealed that stolen or compromised credentials were responsible for 19% of data breaches this year.
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Digital Transformation
L’Occitane Japon reduces fraud with Forter’s platform
This month
L’Occitane Japon increases revenue, reduces chargebacks and fraud, and creates a seamless customer experience with Forter’s fully automated platform.
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Forter
Digital commerce fraud: What it is and how to stop it
May 2022
Australia and New Zealand have experienced a 15% spike in sales from the previous year, continuing a trend that accelerated during the pandemic as the world turned to online shopping.
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Software-as-a-Service
6 significant changes to online fraud we saw in 2021
January 2022
After a busy year in the cybersecurity and online fraud prevention space, the co-founders of SEON Fraud Prevention weigh in on the top trends that changed fraud in 2021.
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Cybercrime
Online credit card fraud on the rise leading up to holiday season
December 2021
Analysis from AusPayNet serves as a reminder for consumers and merchants to be vigilant online this holiday season, with research indicating a significant increase in credit card fraud.
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Security
F5 extends Shape Security portfolio to protect against account takeover attacks
December 2021
F5 has announced multiple security offerings with the intention of helping to safeguard digital experiences with comprehensive account takeover protection.
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Cybersecurity
AI-driven counter fraud platform utilised by eftpos to help prevent cybercrime
December 2021
Debit card system eftpos has initiated a new AI-driven counter fraud platform for their technology in an effort to prevent online cybercrime and fraud in Australia.
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Forter
Video: 10 Minute IT Jams — Who is Forter?
November 2021
Today we introduce Forter, an organisation that specialised in fraud detection in eCommerce.
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Digital risk
GBG and SEON strengthen online fraud prevention for financial institutions
September 2021
SEON’s technology is fully integrated into the GBG Intelligence Center to effectively use email, IP, phone, and social media as alternative data for fraud detection, while meeting compliance and data privacy needs.
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Cloud
Scams number one online crime
June 2021
“Today scam is more than just solitary fraudulent web pages, it’s an entire industry with advanced technologies under the hood."
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Payment gateways
Forter doubles revenue in 12 months, raising $300 million for a $3 billion valuation
May 2021
Forter has doubled its revenue in the last 12 months, raising $300 million for a $3 billion valuation.
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Cloud
Nuance revamps AI authentication to protect seniors from fraud
June 2020
The tool utilises intelligence voice detection capabilities to let enterprises identify if callers are over the age of 65 and, if so, prioritise their call, get them to a live agent for service and better protect them from fraud.
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Online fraud
NZ credit bureau Centrix co-develops fraud detection service
February 2020
The service has been put through a robust Privacy Impact Assessment and it was developed in accordance with New Zealand’s current privacy legislation.
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Machine learning
Cloudera: Taking a unified approach to fighting financial crime
January 2020
With the volume of valuable financial data increasing by the second, how do businesses ensure they balance expectations for robust security controls from customers with their need for convenience?
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Fintech
Hong Kong counts the opportunities and costs of leading fintech adoption rates
December 2019
High early adoption rates and extensive mobile device use make Asia the ideal testing ground for fintech development.
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Commerce Systems
Black Friday alert: Financial botnets targeting eCommerce apparel sites
November 2019
Black Friday is arguably the most anticipated retail sales period in the world, when brands offer consumers the largest discounts and promotional offers.
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Online fraud
Cost of fraud averaging 3.4 times lost transaction value - study
October 2019
The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.
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Online fraud
How YouAppi aims to enable effective detection of fraudulent traffic
July 2019
YouAppi aims to allow brands to make real-time adjustments and optimise marketing efforts in order to reach customers at any point in the funnel.
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Data analytics
How finance leaders can drive growth and avoid risk
May 2019
“The CFO and finance team are crucial to an organisation’s success."
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Malware
FBI disrupts multiple botnets as part of anti-fraud operation
November 2018
Ad fraud ring 3eve used botnets to generate nearly 30 million dollars in fraudulent ad revenue.
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Phishing
Kiwis concerned about being scammed – survey
November 2018
This unease is warranted given the growing sophistication of scammers and their activities, and numbers of attempted fraud.
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Cybersecurity
Mobile app fraud transactions have skyrocketed 680% since 2015
May 2018
As our lives become increasingly ensconced within apps on our mobiles, it seems so too does cybercrime with fraud "not going away anytime soon."
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Cloud
Cybercrime becomes most common form of fraud in UK
February 2018
PwC's study has found for the first time ever cybercrime has become the most common form of fraud with nearly a quarter resulting in a loss of £700k.