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Online fraud Stories - Page 17

UK Stories

Online fraud stories

eCommerce faces cybercrime losses of GBP £2.02m per hour
Marketing Technologies

eCommerce faces cybercrime losses of GBP £2.02m per hour

Research from Cequence Security warns eCommerce firms could lose GBP £2.02 million per hour to cybercrime during December's holiday shopping season.

By Shannon Williams • 3 min read • Thu, 19th Dec 2024
UK SMBs lose GBP £11,000 on average to online fraud in 2024
Email Security

UK SMBs lose GBP £11,000 on average to online fraud in 2024

Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.

By Shannon Williams • 3 min read • Thu, 5th Dec 2024
AI fraud networks exploit UK shoppers amid festive season
Online fraud

AI fraud networks exploit UK shoppers amid festive season

AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.

By Shannon Williams • 3 min read • Tue, 3rd Dec 2024

Global Stories

Online fraud stories

US leads global online fraud rates, new study reveals
Cybersecurity

US leads global online fraud rates, new study reveals

A recent study by ZeroBounce reveals the US leads globally in online fraud risk, with a staggering score of 64.2 and 83% of incidents occurring digitally.

By Shannon Williams • 3 min read • Sun, 16th Mar 2025
Emerging multimedia Bitcoin scams use deceptive MMS videos
Physical Security

Emerging multimedia Bitcoin scams use deceptive MMS videos

A study by Proofpoint reveals a rise in Bitcoin scams utilising video attachments in multimedia messages, evolving from static images to deceive victims.

By Melania Watson • 3 min read • Tue, 25th Feb 2025
Romance scams reach six-year high, Moody's reports
Social Media

Romance scams reach six-year high, Moody's reports

Moody's highlights a six-year high in romance scams, unveiling 1,193 new entities globally in 2024, with the US leading at 38% of cases.

By Shannon Williams • 3 min read • Thu, 13th Feb 2025
Entrust launches AI identity tool to tackle USD $112bn fraud
Data Protection

Entrust launches AI identity tool to tackle USD $112bn fraud

Entrust has launched a new AI-based identity verification service to help businesses tackle rising online fraud, which cost US firms USD $112 billion in 2024.

By Imee Dequito • 3 min read • Wed, 22nd Jan 2025
Netacea secures GBP £4 million to combat bot attacks
Supply Chain

Netacea secures GBP £4 million to combat bot attacks

Netacea has secured an additional GBP £4 million investment from Mercia Asset Management to enhance its fight against sophisticated bot attacks.

By Catherine Knowles • 3 min read • Thu, 12th Dec 2024
Rise in counterfeit websites threatens holiday shoppers
Phishing

Rise in counterfeit websites threatens holiday shoppers

As the festive shopping season approaches, researchers have identified nearly 80,000 counterfeit websites, endangering online shoppers seeking deals.

By Melania Watson • 3 min read • Mon, 2nd Dec 2024
Experts warn of cyber risks as Black Friday approaches
Endpoint Protection

Experts warn of cyber risks as Black Friday approaches

As Black Friday and Cyber Monday approach, experts warn shoppers to be vigilant against rising cyber threats like malvertising and online fraud.

By Shannon Williams • 3 min read • Thu, 28th Nov 2024
Kaspersky uncovers Russian-led crypto & web3 fraud campaign
Malware

Kaspersky uncovers Russian-led crypto & web3 fraud campaign

Kaspersky has uncovered a sophisticated cyber fraud scheme, 'Tusk,' exploiting popular trends like web3 and AI to steal cryptocurrency and sensitive data.

By Shannon Williams • 3 min read • Thu, 22nd Aug 2024
GenAI tools amplify online fraud risks, report reveals
Unified Communications

GenAI tools amplify online fraud risks, report reveals

A new Transmit Security report reveals generative AI is fuelling a surge in dark web fraud, with accessible tools like FraudGPT boosting online scam capabilities.

By Shannon Williams • 3 min read • Wed, 31st Jul 2024
BforeAI launches PreCrime Guarantee offering tenfold reimbursements
Risk & Compliance

BforeAI launches PreCrime Guarantee offering tenfold reimbursements

Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.

By Shannon Williams • 3 min read • Thu, 30th May 2024

Stories from Other Regions

Online fraud stories

Most Australians targeted by online scams, study reveals
EduTech

Most Australians targeted by online scams, study reveals

New research by PayPal shows a staggering 97% of Australians have been targeted by scammers, with 86% proactively helping others to stay safe online.

By Shannon Williams • 3 min read • Thu, 18th Jul 2024
97% of Australians targeted by digital scams, says PayPal report
Marketing Technologies

97% of Australians targeted by digital scams, says PayPal report

A PayPal study reveals 97% of Australians have faced online scam attempts, with most turning to millennials for tech safety support.

By Shannon Williams • 3 min read • Tue, 16th Jul 2024
Netsafe warns of inadequate response to rising online fraud
EduTech

Netsafe warns of inadequate response to rising online fraud

The Ministry of Justice's latest crime survey reveals a surge in online fraud, highlighting an urgent need for a coordinated multi-agency response, says Netsafe.

By Kaleah Salmon • 4 min read • Tue, 2nd Jul 2024
Bitdefender launches AI scam detector Scamio on WhatsApp in Australia
Advanced Persistent Threat Protection

Bitdefender launches AI scam detector Scamio on WhatsApp in Australia

Bitdefender has unveiled Scamio on WhatsApp in Australia, offering an AI-powered tool to tackle online fraud, responding to a high occurrence of scams.

By Sean Mitchell • 2 min read • Mon, 27th May 2024