Fraud prevention stories - Page 13

British firm TMT ID secures GBP £30m from BGF to expand real-time age verification and fraud prevention globally, focusing on the US market.

AI-driven digital fraud, including deepfakes and fake personas, could cost firms USD $11.5 billion globally by 2027, outpacing traditional defences.

TechJutsu has launched OrgVerify, a platform that helps firms authenticate outbound calls to combat rising phone fraud and protect customer trust.

Paysecure partners with Approvely to enhance payment security and fraud prevention, improving transaction reliability for US-based merchants.

Retailers risk losses up to USD $500,000 from AI-driven fraud this Black Friday as bot attacks exploit security gaps in account creation and login processes.

AI-driven deepfakes are fuelling a global surge in fraud, with 77% of anti-fraud experts reporting increased incidents and 83% expecting further rises soon.

Riskified urges shoppers and merchants to stay vigilant against rising AI-driven eCommerce fraud as holiday online sales may hit USD $311 billion in 2025.

European tech startup SEON shares key strategies and lessons from its journey expanding into the complex and competitive US market to help others succeed.

TextNow partners with Enea to deploy Adaptive Messaging Firewall, tackling rising SMS fraud and enhancing user protection amid growing scam threats.

Ping Identity will acquire London-based Keyless to enhance its platform with privacy-preserving biometric authentication, boosting security and user privacy.

Data Zoo partners with Ping Identity to provide verified global data in PingOne Verify, boosting secure digital identity verification across 60+ countries.

A survey shows 73% of shoppers use AI tools, raising new fraud risks and liability concerns for merchants during the rise of agentic commerce.

FICO has secured ten new patents to enhance Responsible AI, boosting transparency and fraud prevention across numerous sectors globally.

Visa's new Acquirer Monitoring Programme, effective October 2025, imposes stricter fraud and dispute thresholds, charging USD $8 per transaction dispute over 2.2%.

Bitsight launches Brand Intelligence, an AI tool to detect and swiftly tackle phishing and brand threats targeting companies and executives.

SquareX has won the 2025 Browser Security Solution of the Year award for its innovative platform that protects enterprises from complex browser threats.

More than half of firms faced deepfake fraud losses averaging USD $280,000 per incident, despite increased cybersecurity training and awareness efforts.

A WestJet data breach exposed passengers' passports and IDs, heightening risks of long-term identity theft and synthetic fraud schemes globally.

AI-driven cyberattacks now cost firms on average USD $4 million and 100 days to recover, raising security to a vital business priority worldwide.

Willo secures GBP £3 million to boost AI-driven job application checks amid rising fraud, expanding its reach in the US and launching new verification tech.