Fraud Stories

Australian Stories

Fraud stories

Australians warned over social media clues aiding scammers

Public profile details are helping criminals guess passwords and impersonate contacts, with 55% of Australians reusing the same password.

By Sofiah Nichole Salivio • 3 min read • Last month

Data Protection

Australian skincare founder hit by chargeback scams

Tens of thousands of dollars in disputed payments have left a Sydney skincare business exposed as household budgets tighten and chargeback fraud rises.

By Shannon Williams • 4 min read • Last month

Email Security

AUSTRAC flags foreign banks over weak money laundering

Criminals could move proceeds abroad undetected unless foreign-owned lenders lift weak reporting and controls, AUSTRAC has warned.

By Karen Joy Bacudo • 4 min read • Last month

Global Stories

Fraud stories

Fintech

Data quality powers KYB: Mitigating risk and fighting fraud in real-time

Real-time business checks can now flag fraud, sanctions risks and beneficial owners before financial institutions onboard risky clients.

By Bud Walker • 5 min read • Last week

Firewalls

Experian launches Agent Trust for AI-led commerce

The new framework aims to curb fraud and unauthorised purchases as AI agents start making payments on behalf of shoppers.

By Catherine Knowles • 4 min read • This month

Digital Transformation

UK financial firms lack shared AI governance standard

Fragmented controls are leaving banks and fintechs exposed as AI adoption outpaces oversight, according to new research from Zango.

By Sofiah Nichole Salivio • 5 min read • Last month

Gaming

SAS launches AI supply chain agent in industry push

Retailers and manufacturers could get near real-time planning help as SAS opens a private preview of a supply chain agent.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Digital Transformation

1Cover expands Adyen payments deal, saves AUD $35,000

Consolidating payments across Australia and New Zealand has cut 1Cover's costs by about AUD $35,000 in nine months, with more savings likely.

By Karen Joy Bacudo • 3 min read • Last month

Crypto

Gr4vy launches toolkit for ChatGPT agentic payments

Retailers can now sell inside ChatGPT without rebuilding payment systems, as Gr4vy adds orchestration and merchant controls for AI-led checkout.

By Karen Joy Bacudo • 4 min read • Last month

Fintech

Ecommpay report says eCommerce fraud needs overhaul

Merchants face higher losses and uneven compliance burdens as a new report says fraud controls are failing to keep pace with social engineering.

By Sean Mitchell • 4 min read • Last month

Risk & Compliance

Opia expands promotion cover as brands seek budget certainty

Brands facing volatile participation can now cap promotion risk as Opia extends cover to protect budgets when redemptions run above forecast.

By Catherine Knowles • 3 min read • Last month

Stories from Other Regions

Fraud stories

Data Analytics

NTT DATA & HTX to co-develop AI for Singapore security

Rising scam losses in Singapore are pushing police tech investment, as the pair plan forensic and AI tools to speed investigations.

By Sean Mitchell • 4 min read • 2 days ago

Fintech

FIS & Anthropic launch AI agent for bank crime probes

Banks could cut anti-money laundering case reviews from hours to minutes, as the new system keeps data and audit trails inside FIS's controlled environment.

By Karen Joy Bacudo • 4 min read • Last week

Data Protection

Visa expands AI payments testing to Canadian issuers

Canadian banks will test how AI agents can initiate card payments as Visa prepares issuers for new controls over consent, fraud and liability.

By Karen Joy Bacudo • 4 min read • Last week

Data Protection

TISA backs digital ID plans but warns on safeguards

Digital IDs could speed up account opening and cut fraud, but the industry body says ministers must first nail safeguards and liability.

By Karen Joy Bacudo • 3 min read • Last week

Software-as-a-Service

Loop launches AI suite to cut retailer returns costs

Retailers could trim refunds, service queries and fraud losses as the new suite uses data from 200 million shoppers to automate post-purchase changes.

By Sean Mitchell • 4 min read • Last month