Displaying items by tag: Fraud

GUEST OPINION: This week’s inquiry into the use of Deep Fakes in Australian schools, combined with the increasing use of Deep Fakes by political figures both in Australia and abroad, are worrisome developments. It signals we are in a rapidly evolving arms race to research and develop effective and reliable deep fake detection tools.

GUEST OPINION:  It’s been in the public consciousness for little more than a year, yet generative artificial intelligence (Gen AI) is already being used by everyone from school students to chief executive officers.

COMPANY NEWS: Australian Payments Plus (AP+) today announced its digital identity solution, ConnectID, is now available to ANZ Plus customers.

GUEST OPINION:  The benefits of online banking have been welcomed by businesses and consumers alike, however the shift has also provided fresh opportunities for cybercriminals. Before online banking and payments, bank fraud consisted of physical acts like cashing a fraudulent cheque or stealing a credit card. Today, an attacker can initiate a fraudulent transaction with nothing more than a PC and an internet connection.

GUEST OPINION:   Organisations should adopt passwordless authentication to withstand the ever-looming threats of cyber attacks, including phishing, keylogging, and man-in-the-middle attacks.

The majority of financial institutions including banks are struggling to take advantage of new payment offerings and stronger cybersecurity because their core systems haven’t been modernised, according to a new retail banking report.

Aussies have reported more than 250k potential SMS and MMS scams related to parcels or delivery to 7226 since May 2023, according to telecommunications company Telstra.

More than four in five (82%) of Australia’s higher education institutions are lagging behind on basic cybersecurity measures, leaving more than 1.5 million students and staff at an increased risk of email-based impersonation attacks, according to new research by one cybersecurity and compliance company.

Telecommunications company Medion Australia has paid nearly $260,000 for failing to comply with customer identification rules, resulting in a number of people falling victim to SIM-swap scams.

COMPANY NEWS:  1 in 4 consumers say that they themselves or a friend or relative has been the victim of mobile app cyber attack

More than one out of three of Australia’s top-ranked public and private hospitals are lagging behind on basic cybersecurity measures, subjecting patients, healthcare professionals and stakeholders to a higher risk of email-based impersonation attacks, including fraud and domain spoofing, according to cybersecurity firm Proofpoint.

COMPANY NEWS:  New data shows customers are worried about their personal information being stolen when they shop online in the lead up to Christmas.

COMPANY NEWS: Ping Identity, a leading provider of seamless and secure digital experiences, announced that the PingOne Cloud Platform and ForgeRock Identity Cloud were both named as Leaders in the 2023 Gartner Magic Quadrant for Access Management. The two solutions were evaluated independently before Ping and ForgeRock joined together on August 23, 2023.

As information technology advances at a rapid pace, senior citizens are finding themselves increasingly vulnerable to a wave of cybercrimes, especially those involving phishing and fraud. Despite improvements in digital literacy among the elderly, their limited data security knowledge makes them easy targets for criminals exploiting personal information.

Australian Payments Plus (AP) has announced that its digital identity solution ConnectID is now available, marking an important step in helping "everyone in Australia to protect themselves from fraud and identity theft". 

The number of digital identity verification checks will surpass 70 billion globally in 2024, growing 16% on the previous year’s number of 61 billion, according to a new study from Juniper Research.

A new payments market study forecasts that the greatest merchant losses to fraud will be via remote physical goods purchases, with losses reaching US$5.1 billion across emerging markets in 2028, up from $1 billion in 2023.

The question is not how do I address this scam or that spam, but how do I deploy an agile architecture to address today’s risks and prepare us for those to come, says SAS SVP fraud and security intelligence Stu Bradley.

Losses from global roaming fraud will exceed US$8 billion by 2028 driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G networks, according to market research firm Juniper Research.

PEOPLE MOVES: Perth-based ad fraud specialists, Trafficguard today announced the appointment of Mr Joshua Lowcock as its new Non-Executive Chairman.