Fraud stories - Page 3

UK unveils GBP £15 million anti-corruption drive, but experts warn sidelined fraud strategy leaves main source of dirty money unchecked.

Group-IB has launched a Cyber Fraud Intelligence Platform to help UK banks tackle GBP £600m fraud by securely sharing real-time risk signals while ensuring data privacy.

Friendly fraud is set to rise by 25% over the peak holiday shopping days, with transactions averaging USD $291, costing retailers billions globally.

eCommerce platforms face rising AI-driven cyber threats ahead of 2025 holidays as attackers exploit vulnerabilities and stolen credentials for fraud.

Over half of Black Friday-themed spam emails are scams, with fraudsters impersonating brands like Amazon to steal personal data worldwide.

In 2026, traditional banks will face fierce competition from neobanks, rising fraud risks, and new ISO 20022 rules, forcing urgent modernisation or loss of customers.

AI-powered social engineering attacks now blend email, text, and deepfake calls, costing enterprises millions and challenging traditional trust models.

Clue Software has launched new AI tools designed to enhance investigative efficiency by accelerating intelligence processing and improving threat detection.

Nearly 24% of Instagram posts tagged as 'quick-money' offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

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

Global scam attempts have surged 65% over the past year, with smishing rising tenfold as banks worldwide battle increasing fraud risks.

Deepfake scams surge worldwide, with 49% of firms hit in 2024 as public and businesses struggle to spot convincing fake videos and audio.

UK retailers report a sharp rise in cyber attacks, with helpdesk scams and human error now key targets necessitating increased security training.

Cybercriminals use ultra-realistic fake Adobe Reader invoices and images with embedded malware to bypass defences, targeting German-speaking regions.

Airline fraud attempts have fallen 30% globally in H1 2025, with Europe seeing a record 50% drop, marking a major shift in fraud patterns.

UK police forces have reported over 13,000 data breaches since 2022, with incidents rising yearly and causing serious risks to personal information.

Cybercriminals exploit AI website builder Lovable to swiftly create phishing and scam sites, lowering barriers for digital crime, warns cybersecurity firm Proofpoint.

Task scams have cost jobseekers millions, with Trend Micro warning of a surge in frauds using fake jobs to trick victims into losing thousands of dollars.

Forter launches new AI agent detection tools to help retailers monitor and mitigate rising fraud and risks in agentic AI-driven digital commerce.

Lab 1's report on 141 million breached files shows unstructured data, like financial and HR documents, greatly increase risks of fraud and cybercrime.