Scams stories
Merchants face higher losses and uneven compliance burdens as a new report says fraud controls are failing to keep pace with social engineering.
Banks are being urged to watch for fraud and exploitation patterns as the 2026 World Cup is expected to fuel risky cross-border payments.
The three-year tie-up aims to turn academic research into practical payments policy on fraud, stablecoins, remittances and cyber risk across APAC.
AI-fuelled scams help push illicit finance to an estimated USD $4.4 trillion in 2025, with fraud losses hitting USD $579.4 billion.
Scammers hijack Israel-Iran war headlines for classic advance-fee email cons, security researchers warn, urging users not to respond.
BioCatch posts record ARR above $185 million as it adds 90 banks, blocks $4 billion in fraud and expands its global trust network.
Stronger safeguards and faster rollout could help Japan turn advanced connectivity into wider economic gains as scams and exclusion persist.
Fraud fears in Canada’s online classifieds may ease as buyers and sellers on Kijiji can now verify their identities before trading.
The United States and X dominate deepfake spread, with a new report linking 46.9% of cases to the US and most incidents to social media.
Tens of thousands of dollars in disputed payments have left a Sydney skincare business exposed as household budgets tighten and chargeback fraud rises.
Scam losses may top USD $1 trillion a year, forcing banks to use real-time intelligence and customer data to curb authorised push payments.
Criminals could move proceeds abroad undetected unless foreign-owned lenders lift weak reporting and controls, AUSTRAC has warned.
Fraud is eroding trust in digital services, with 56% of Australians saying they have already suffered online scams or identity theft.
Singaporeans still prefer calls for customer support, but firms are shifting budgets to digital self-service and AI, risking a widening gap.
A UK-led coalition has launched a live prototype Digital Company ID to tackle rising fraud and streamline verification for businesses.
Gumtree introduces verified badges and stricter checks for business sellers in the UK, aiming to boost user trust and deter fraud.
London-based LegacyX launches Vortex dating app and LXDC GIF tool, betting on blended social discovery and creator-focused expression.
FinTech Australia urges Canberra to open tenders to smaller players and revamp startup funding settings in its pre-budget pitch.
Young Australians lose over AUD $2.2 million as fake flexible job offers surge, with scammers recruiting money mules via texts and social media.
Avast rolls out Deepfake Guard for Windows and expands Scam Guardian on mobile, promising real-time protection from AI-powered scams.
