Fraud stories
The new service aims to curb payment diversion fraud in property and legal deals by verifying recipient accounts before client money is sent.
Tighter margins and lower shopper participation mean checkout failures could cost SMEs sales this Black Friday, according to Ecommpay.
Customers will be able to query spending patterns in natural language as the bank expands in-house AI after launching fraud triage support.
The Hong Kong firm will gain access to major banks and insurers as it seeks customers wary of costly core-system overhauls.
The partnership will fund more than 3,200 hours of specialist help, aiming to support over 1,000 fraud and cybercrime victims in the US and UK.
Most European firms are unprepared for AI-enabled attacks, as 56% of cybersecurity teams say they are understaffed and 55% underfunded.
Security teams are being pushed to monitor AI activity across systems, as executives warn that unsanctioned tools and hidden agents are outpacing governance.
Businesses face growing risk from AI-driven fraud as ANZ says rushed seasonal trading can let scammers exploit weak payment controls.
More than a third of financial firms in Europe, the Middle East and Africa reported fraud attempts rising by over 25% in two years.
Businesses are facing a sharp rise in email scams as AI makes phishing faster, cheaper and harder for native filters to spot.
Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.
Most consumers surveyed across six European markets would accept longer bank checks if that meant a lower chance of fraud, Fourthline found.
Banks want to prevent AI-driven shopping from eroding customer control, privacy and security as agentic commerce moves closer to everyday payments.
Boards are being urged to beef up defences as AI tools may soon help criminals automate attacks and target New Zealand organisations more precisely.
Customer concerns over fraud and regulation are shaping a cautious rollout, with the bank planning to start on its own digital channels in Hong Kong.
The North Dakota lender cut fraud losses and lifted logins after linking marketing, onboarding and banking tools into one platform.
AI tools are exposing smaller firms to faster scams and data leaks, making basic controls and staff training vital to stay resilient.
Survey results show widespread anxiety in Australia, with 84% expecting AI to drive more cybercrime and many victims still silent.
The hire gives the cybersecurity firm a seasoned customer-facing adviser as enterprises grapple with more convincing phishing and impersonation attacks.
Many Kiwis are overconfident about spotting AI fakes, even as 40 percent admit sharing or considering sharing sensitive data with chatbots.
