SecurityBrief Asia - Technology news for CISOs & cybersecurity decision-makers

Fraud stories

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Forter strengthens bot detection capabilities following recent acquisition
This month
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mergers and acquisitions
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bots
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fraud
Forter, the trust platform for digital commerce, has announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel.
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Nine out of 10 fintechs will hire more fraud experts in 2023
This month
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fintech
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cybersecurity
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scams
Nine out of ten fintechs plan to recruit more experts to help tackle fraud as they expect scams to soar in 2023, according to new research.
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Healthcare fraud on the rise, advanced solutions emerge
Last month
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it in healthcare
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market
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technology trends
The global healthcare fraud detection market was valued at $1,098.2 million in 2021, and is projected to reach $3,600.0 million by 2031, reflecting a CAGR of 12.6%.
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Bitdefender urges caution when dealing with holiday spam
Last month
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cybersecurity
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scams
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spam
Bitdefender Labs is warning people to be aware during the festive season due to a significant increase in spam scams.
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Retailers beware as fraud risk increases over holidays
Thu, 24th Nov 2022
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retailers
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online shopping
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fraud
eCommerce merchants have to stay alert and deploy a multi-layered fraud prevention solution, according to LexisNexis Risk Solutions.
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SAS and ACFE reveal Fraud Awareness Week insights
Tue, 15th Nov 2022
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phishing
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sas
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fraud
The Association of Certified Fraud Examiners (ACFE) has estimated that occupational fraud costs businesses around the world more than USD$4.7 trillion annually.
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Novatti teams up with Riskified to combat payment fraud
Fri, 28th Oct 2022
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risk
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apac
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fraud
Utilising Riskified’s premier Chargeback Guarantee offering, Novatti becomes the first online card processor in APAC to offer total protection for fraudulent chargebacks.
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Fraud report reveals customer onboarding crisis for fintechs
Thu, 27th Oct 2022
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fintech
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fraud
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risk management
71% of consumers are less likely to trust a fintech service that has been impacted by onboarding fraud, according to a new report.
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Fraud and inefficiencies to cost CPaaS $1.4 billion by 2026
Fri, 21st Oct 2022
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paas
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fraud
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xconnect
New research reveals that fighting fraud and achieving consolidation as the top challenges for CPaaS providers
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Video: 10 Minute IT Jams - An update from Forter
Thu, 13th Oct 2022
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fraud
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forter
TechDay's 10 Minute IT Jams provide sharp, to-the-point insights into emerging and established technology companies that operate in the Asia Pacific region.
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Kasada reveals 21% of companies have spent $2.5M fighting bots
Wed, 5th Oct 2022
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attack
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bots
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fraud
The 2022 State of Bot Mitigation Report is based on the findings of organisations that are already using anti-bot solutions and compares results against last year.
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Breaking down BEC – the costliest risk facing your organisation
Tue, 4th Oct 2022
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proofpoint
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fraud
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cyber attacks
According to the Australian Cyber Security Centre’s Annual Cyber Threat Report 2020-21, BEC cost Australian organisations AUD$81 million during a twelve month period.
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Swift successfully pilots its Securities View capability
Tue, 4th Oct 2022
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cybersecurity
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partner programmes
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digital banking
The new capability significantly increases transparency in post-trade processing while preventing costly settlement fails; it will be widely available in 2023.
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Online shopping delivers unhappy returns to fashion retailers
Thu, 8th Sep 2022
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open source
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online shopping
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fraud
Consumers now demand greater freedom and flexibility as their browsing, shopping and purchase activities have shifted from in-store to primarily online.
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Paytm Labs launches ML-powered fraud risk management platform
Thu, 8th Sep 2022
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ai
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ml
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fintech
Pi was developed from scratch at Paytm's innovation lab, and is designed for fintechs, banks and eCommerce marketplaces with high transaction volumes.
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Classiscam threat expands to target leading platforms in Singapore
Thu, 11th Aug 2022
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finance, leasing & rental
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fraud
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advertising
Researchers at Group-IB have uncovered that Classiscam, a sophisticated scam-as-a-service operation, has expanded to Singapore.
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KICKS CREW selects Forter to help scale global eCommerce operations
Thu, 28th Jul 2022
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finance, leasing & rental
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fraud
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business
KICKS CREW has selected Forter to help scale its global digital commerce operations.
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DataDome launches reimagined, fully compliant CAPTCHA
Fri, 22nd Jul 2022
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data protection
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ai
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privacy
DataDome has announced enhancements to its solution with the launch of its newly integrated and reimagined CAPTCHA.
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Forter and ShopBack enhance partnership to further prevent fraud
Thu, 21st Jul 2022
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partner programmes
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fraud
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business
Forter and ShopBack have enhanced their partnership with the addition of better eCommerce security solutions for customers.
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eCommerce fraud increasing pressure on businesses margins
Wed, 20th Jul 2022
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cybersecurity
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fraud
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stripe
It is vital for businesses to maximise the value of every dollar by turning away as many fraudulent actors as possible without blocking good customers."
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Cost of fraud up 10 to 16% in APAC from pre-pandemic levels
Fri, 8th Jul 2022
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cloud banking solutions
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fraud
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cost
LexisNexis Risk Solutions released the latest APAC edition of the True Cost of Fraud Study, which surveyed 387 risk and fraud executives.
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Fraud costs increase more than 10% over pre-pandemic levels
Fri, 8th Jul 2022
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cybersecurity
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fraud
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lexisnexis
"We are seeing a high volume of fraud attempts following a continued shift towards digital channels spurred by the pandemic."
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SAS and Greater Bank launches new AML and fraud service
Fri, 17th Jun 2022
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australian
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sas
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fraud
Greater Bank and SAS have joined forces to deliver a new fraud detection and anti-money laundering solution that bolsters the protection of its 270,000 plus customers.
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Q&A: Oculeus discusses the current state of telecoms fraud and beyond
Wed, 8th Jun 2022
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cybersecurity
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customers
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telecommunications
The basic facts are that we are all exposed to telecoms fraud – from providers of communications services to enterprises and organisations to individual consumers.
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