"It’s essential for businesses to monitor human behaviour, and apply and enforce policies consistently. The alternative is to lose large amounts of unrecoverable money as a result of people’s actions."

Unfortunately the Xero Security team is all too aware of fraud. We see it affecting our customers and community as an almost daily event.  

Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.

An staggering $476 million has been lost to fraud by Australian merchants over the last 12 months, thanks to the deployment of more innovative fraud methods by criminals. 

The ACCC has issued another warning to Australians to be wary of scam tactics, as victims continue to lose large sums of money.

The company admits that approximately 10 million records containing personal data may have been accessed during the 2017 breach.

So far in 2018 Australians have lost more than $26 million to investment scams. Already monthly losses have increased 117% since last year.

From personal privacy to online scams, it seems almost every IT security-related issue now has its very own awareness week.

Action Fraud UK is warning people to be wary of any emails they receive that look like they belong to UK university email addresses.

To qualify as an innovator, vendors must have under $100 million in revenue at the time of the selection.

"While some systems claim to be using artificial intelligence to analyse transactions, this is the most sophisticated tool available in New Zealand."

Australian organisations should be looking at their ICT security as part of their planning process for the new financial year.

Emailage delivers online fraud mitigation and email risk assessment technologies and says ecommerce fraud is a growing problem around the world.

"My greatest fears are emerging fintech and cryptocurrency companies that may have a less mature approach to third party consumer fraud."

The first three months of 2018 were busier than ever for cybercriminals, who managed to steal $2.9 million from New Zealanders.

Commuters will now be able to 'tap on' with credit cards or digital wallets, but they might be opening themselves up to security threats in doing so.

As our lives become increasingly ensconced within apps on our mobiles, it seems so too does cybercrime with fraud "not going away anytime soon."

Scammers stole $340 million from Australians in 2017 – ACCC says this is the biggest loss ever recorded on its books.

The top three email fraud subject lines included ‘request’, ‘payment’, and ‘urgent’.

Ecommerce within Asia Pacific is booming, but the dangers of fraud lurk around every corner.

Businesses that use the SWIFT network must comply with SWIFT’s Customer Security Programme (CSP) or face the risk of attacks.

Business insiders are the most common perpetrators of business fraud, making up 36% of all fraud.

Fraudsters are targeting legitimate social media platforms to create a new type of fraud market – one that has a global reach.

A new study from Barracuda has revealed an increasingly popular method of cybercrime - steal email credentials then steal money from colleagues.