Scams stories
New Zealand firms face mounting identity fraud losses of NZD $2.2 million a year, as 90% fear AI-linked weaknesses in document checks.
Technology leaders say the country risks falling further behind as AI adoption, cyber threats and rising costs outpace progress.
Older adults are far more likely to doubt digital messages, as a survey finds 41% of UK and US consumers question if they are genuine.
Better text delivery has helped the fintech avoid carrier throttling and support headaches as clients rely on SMS to complete financial checks.
Retailers and manufacturers could get near real-time planning help as SAS opens a private preview of a supply chain agent.
Travellers face fake payment requests tied to genuine hotel bookings, with exposed reservation data making the messages harder to spot.
Banks can now check payees before funds move, as rising instant payment fraud pushes pre-transaction verification up the agenda.
Consumers could gain stronger protections and easier data sharing as Ottawa opens consultations on bank fraud and open-banking rules.
Nearly six in ten Londoners have seen more scam attempts in the past year, with social media fraud and AI-made ruses fuelling concern.
Customers could soon verify their age, address and identity through banking apps, as lenders test a voluntary check-sharing service to curb fraud.
Fraud losses could fall if banks, merchants and regulators align on earlier intervention, Ecommpay says in a new report.
Fraud checks and customer service will be sped up as Lloyds Banking Group adds more than 1,000 AI jobs and retrains staff.
Banks must shift to real-time, networked defences as organised scams now move money through customer-authorised payments in minutes.
Bank restrictions could be challenged by thousands of customers after a campaign accused lenders of blocking legal crypto transfers in the UK.
Indian banks are bracing for higher losses as 84% of leaders report rising fraud and growing concern over AI-driven scams.
Fraud is moving across Canada's payments ecosystem, prompting calls for banks, telecoms and platforms to share data and coordinate defences.
Customers will spend less time hunting for bills and security settings as the bank rolls out a simpler mobile and online layout.
Uncertainty over planned capital gains tax changes could deter startup funding and prompt founders, investors and talent to leave Australia.
Rising scam losses in Singapore are pushing police tech investment, as the pair plan forensic and AI tools to speed investigations.
The bank’s defences may move faster as the system is meant to spot new scam patterns and turn them into blocking rules more quickly.