Fraud prevention stories - Page 20

UK eCommerce faces rising fraud threats in 2025 as tighter regulations under the Economic Crime and Corporate Transparency Act come into effect.

BioCatch has launched Scams360 to help UK banks cut social engineering scam losses, which reached £450 million in 2024, using advanced behavioural biometrics.

Sinch launches Model Context Protocol to enable AI agents to handle compliant real-time messaging, voice, email, and verification across channels globally.

A new study reveals AI is evolving from an adviser to a core architect in enterprise decision-making, enhancing transparency and accountability across sectors.

Chargebacks911 reveals merchants lose over USD $170 billion annually to chargeback fraud, driven by consumer convenience and rising dispute misuse in digital payments.

AI leaders emphasise the urgent need for ethics, governance and sustainability as the technology increasingly transforms industries and raises complex risks.

IDnow strengthens its global leadership with key executive hires to advance its vision of embedding trust in digital identity verification worldwide.

IDnow and Keyless have partnered to enhance digital identity checks by combining biometric authentication with identity verification, bolstering security and privacy.

Google now requires UK telemedicine providers to obtain LegitScript certification before advertising telehealth services on its platforms, enhancing patient safety.

Tracer AI launches Tracer Protect for ChatGPT, an AI tool to monitor and combat brand fraud and scams exploiting ChatGPT chatbot responses.

Aspire Technology Solutions and CSS Assure have joined forces to enhance cyber resilience for UK organisations facing rising sophisticated cyber threats.

UK consumers show low trust in real-time payments security, with only 35% viewing it as safer than credit cards amid rising scam losses of GBP £450 million.

Eftsure has acquired Sis ID to form the world's largest business payment protection platform, covering 30+ countries and 3,500+ clients globally.

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

Ecommpay won Payments Innovation and Fraud Prevention of the Year at the Retail Systems Awards 2025 for pioneering eCommerce payout and fraud detection solutions.

A massive data breach exposing 16 billion credentials from major firms and government services signals severe global digital security flaws.

A cyberattack on Chain IQ has exposed sensitive data of UBS, Pictet and Implenia employees, spotlighting risks in third-party cybersecurity across sectors.

RCS messaging in the UK has surged 65% in 2024, boosted by Apple iOS support and AI, as brands enhance customer engagement with richer, interactive chat tools.

Over a third of top global healthcare providers lack full email security, leaving systems vulnerable to phishing and risking patient safety and data breaches.

Sumsub enhances fraud defence by integrating Fingerprint's device intelligence, offering real-time threat detection without complicating genuine user access.