AI strengthens banking’s defense against fraud
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, …
Generative AI merges with intelligent malware, threat level rises
There has been a 44% increase in organized ID fraud in North America compared to preceding quarters, according to AU10TIX. This upsurge is believed to be driven by the ongoing …
AI-enabled bots can solve CAPTCHAs faster than humans
Companies are losing revenue in the fight against malicious bot attacks, according to survey by Kasada. Despite spending millions of dollars on traditional bot management …
$2.7 billion lost to social media scams since 2021
Scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method, according to the Federal Trade Commission. …
Backdoored Android phones, TVs used for ad fraud – and worse!
A key monetization mechanism of a sophisticated series of cybercriminal operations involving backdoored off-brand mobile and CTV Android devices has been disrupted, Human …
Protecting against FraudGPT, ChatGPT’s evil twin
FraudGPT is the evil counterpart to ChatGPT. Criminals use it to target businesses with phishing emails and scams with speed and accuracy like never before. The AI can be …
Online fraud can cost you more than money
Online fraud is a pervasive and constantly evolving threat that affects individuals and organizations worldwide. Online fraudsters often leverage the anonymity and convenience …
Fraud prevention forces scammers to up their game
The risk of falling victim to fraud is a constant concern for individuals, businesses, and organizations alike. As technology evolves, so too do the methods employed by …
Modernizing fraud prevention with machine learning
The number of digital transactions has skyrocketed. As consumers continue to spend and interact online, they have growing expectations for security and identity verification. …
Latest fraud schemes targeting the payments ecosystem
Threat actors continued to exploit technical misconfigurations through various fraud schemes, according to a new report from Visa. These include the use of malvertising and …
Global roaming fraud losses to surpass $8 billion by 2028
Losses from global roaming fraud are anticipated to exceed $8 billion by 2028; driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G …
The road ahead for ecommerce fraud prevention
Ecommerce platforms are incorporating sophisticated fraud detection measures, but fraudsters, too, are refining their strategies. In this Help Net Security interview, Eduardo …