Fraud prevention stories - Page 18

Willo secures GBP £3 million to boost AI-driven job application checks amid rising fraud, expanding its reach in the US and launching new verification tech.

Nearly three-quarters of UK and Ireland consumers now trust AI assistants, with 79% confident chatbots provide reliable help, says IBM study.

The UK's new digital ID scheme aims to cut fraud by GBP £1.6bn yearly but faces concerns over inclusion, innovation, and effective implementation from experts.

Dwolla aims to unify instant payments via a single API across FedNow and RTP, simplifying real-time transactions for enterprises amid rapid market growth.

Credas has launched its Compliance Wallet to reduce duplication and speed up property sector compliance checks with 15 million wallets available at launch.

CoopVoce partners with BICS to manage and secure its international voice traffic, enhancing service quality and fraud protection for 2.3 million Italian customers.

FICO has launched tailored AI models to enhance accuracy, transparency and trust in financial services, boosting fraud detection and compliance by over 35%.

Research reveals transport management is now key to company growth, with 96% adopting generative AI despite only 17% achieving full automation.

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

Ecommpay is shortlisted in two categories at the UK eCommerce Awards for innovation in its fraud-fighting Graph Analysis tool and Hosted Payment Page solution.

CSC Digital Brand Services and CrowdStrike integrate domain security with Falcon platform to swiftly detect and enforce against malicious online threats.

Signifyd launches Intelligent Returns to help UK retailers cut costs and manage rising returns with real-time risk intelligence and data insights.

Salesloft breach exposed sensitive data of 700+ firms, including Cloudflare and Palo Alto Networks, after hackers exploited OAuth tokens via a prolonged GitHub intrusion.

New UK corporate fraud law imposes unlimited fines on firms failing to prevent fraud, urging urgent action from businesses to avoid severe penalties.

Airline fraud attempts have fallen 30% globally in H1 2025, with Europe seeing a record 50% drop, marking a major shift in fraud patterns.

FICO has been named a category leader by Chartis Research for the fifth consecutive time in enterprise, payment fraud solutions and fraud platforms in 2025.

Card fraud losses in Europe rose to EUR €1,578 million in 2024, with the UK leading both total and Card Not Present fraud losses amid evolving crime tactics.

SAS has been named Market Leader in AI-driven fraud and AML case management, praised for its stable platform and advanced cloud-native AI features.

From 1st September, UK firms face unlimited fines under new anti-fraud laws holding companies liable for fraud by associates benefiting the business.

Gartner names Daon a Leader in identity verification, citing its advanced biometric tech and AI defences against rising deepfake fraud threats worldwide.