Fraud prevention stories - Page 24

Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.

A recent report reveals that criminals are increasingly employing artificial intelligence to enhance bank scams, making them harder to detect.

A study by Juniper Research predicts a global 18% rise in remote physical goods fraud by 2025, with losses reaching USD $10 billion, driven by advanced tactics.

Targa Telematics has been named a Sample Vendor in the Insurance Telematics 2.0 category of Gartner's 2024 report, highlighting its innovative solutions for insurers.

Keyless has secured an additional USD $2 million, raising total funding to USD $10 million, to enhance its biometric services and expand in North America.

Appdome has launched Threat Dynamics, an AI-enhanced mobile defence platform aimed at pre-emptive threat management for mobile businesses facing rising fraud.

Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.

SUSE has launched the SUSE Edge Suite and SUSE Edge 3.2, aiming to enhance retail operations through innovative edge computing solutions.

Microblink has reported robust growth in 2024, buoyed by rising demand for its identity verification solutions and expanded integration on Google Cloud.

The travel industry is increasingly under siege from malicious bots, which now make up 44.5% of sector traffic, threatening airline revenue and customer security.

Experts predict that 2025 will revolutionise AI in banking, enhancing fraud prevention, risk management, and customer experience, according to SAS.

Fintech executives foresee 2025 shaped by evolving fraud tactics, AI, open banking regulation, and changing consumer demands in the mortgage market.

LexisNexis Risk Solutions has announced plans to acquire IDVerse, aiming to enhance its fraud management capabilities with AI-powered technology.

Ping Identity has been hailed as a leader in access management and customer identity solutions, achieving top scores in major industry reports for 2024.

Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.

AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.

Yuno now offers Mastercard's Click to Pay, a secure checkout solution aimed at reducing cart abandonment and enhancing the eCommerce experience.

The Information Commissioner's Office is urging organisations to share personal information responsibly to combat the UK's growing fraud crisis.

As Black Friday nears, experts warn consumers of sophisticated AI-driven scams, urging caution as losses from fraud continue to escalate.

In a new article, Shira Itzhaki from Forter examines the dual role of bots in eCommerce, highlighting the challenge of distinguishing harmful from helpful bots.