CFOtech UK - Technology news for CFOs & financial decision-makers

Online fraud stories - Page 9

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Tracer unveils AI tool to shield brands from ChatGPT fraud

Thu, 3rd Jul 2025
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martech
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advanced persistent threat protection
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genai
Tracer AI launches Tracer Protect for ChatGPT, an AI tool to monitor and combat brand fraud and scams exploiting ChatGPT chatbot responses.
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Cybercriminals use GenAI, v0.dev to launch advanced phishing

Wed, 2nd Jul 2025
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malware
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crypto
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phishing
Cybercriminals are exploiting GenAI and Vercel's v0.dev to rapidly create realistic phishing sites, raising the threat of large-scale, sophisticated attacks.
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HMRC hit by GBP £47 million phishing scam affecting 100,000

Fri, 6th Jun 2025
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data protection
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phishing
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physical security
HMRC has lost GBP £47 million in a phishing scam affecting 100,000 taxpayers, exposing vulnerabilities in government cybersecurity protocols.
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Cybercriminals harness AI to boost phishing & malware attacks

Wed, 4th Jun 2025
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malware
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ransomware
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phishing
Cybercriminals are increasingly using AI to create sophisticated phishing and malware attacks, complicating detection and raising cybersecurity risks globally.
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Fake AI social media ads spread malware to millions globally

Wed, 28th May 2025
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malware
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endpoint protection
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phishing
Vietnam-linked hackers have used fake AI ads on Facebook and LinkedIn to spread malware to millions globally, stealing sensitive data from users.
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Retail fraud awareness rises with social media, risks USD $107bn

Thu, 22nd May 2025
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ai
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e-commerce
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youtube
Awareness of retail fraud surges via social media, with risks looming at USD $107bn by 2029 as consumers grow tempted and acceptance rises.
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Subscription & 'mystery box' scams surge with new tactics

Thu, 1st May 2025
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phishing
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email security
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cybersecurity
Bitdefender warns of over 200 sophisticated fraud sites using fake ads and subscriptions to scam consumers with deceptive 'mystery box' offers online.
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AI bots drive 57% of holiday shopping traffic, study finds

Thu, 24th Apr 2025
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firewalls
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network security
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application security
Radware's 2025 report reveals 57% of 2024 holiday eCommerce traffic was from bots, marking a shift with AI-enhanced bots outpacing human shoppers online.
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AI-powered scams surge online as Microsoft blocks USD $4bn

Thu, 17th Apr 2025
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phishing
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email security
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ai
Microsoft's report reveals a surge in AI-powered scams, blocking USD $4bn in fraud and detecting 1.6 million bot signups per hour online.
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Google blocks 5.1 billion ads & boosts AI ad safeguards

Thu, 17th Apr 2025
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martech
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email security
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llms
Google blocked over 5.1bn ads and suspended 39.2m accounts in 2024, using AI advancements to combat ad scams and protect consumers.
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Cifas reports sharp rise in UK identity fraud cases for 2024

Mon, 14th Apr 2025
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uc
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data protection
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ai
Fraud cases in the UK surged by 12.5% in 2024, with identity fraud now comprising 59% of reports, highlighting a worrying trend in cybercrime tactics.
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Bitdefender unveils new family security plans for consumers

Mon, 7th Apr 2025
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cybersecurity
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bitdefender
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online fraud
Bitdefender has launched new Family Plans, offering tailored security solutions as cybercrime losses soar to over USD $1 trillion globally, ensuring families stay protected.
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US leads global online fraud rates, new study reveals

Sun, 16th Mar 2025
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cybersecurity
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online fraud
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cybercrime
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.
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Emerging multimedia Bitcoin scams use deceptive MMS videos

Tue, 25th Feb 2025
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physical security
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cybersecurity
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identity theft
A study by Proofpoint reveals a rise in Bitcoin scams utilising video attachments in multimedia messages, evolving from static images to deceive victims.
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Romance scams reach six-year high, Moody's reports

Thu, 13th Feb 2025
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social media
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online fraud
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money laundering
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.
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Entrust launches AI identity tool to tackle USD $112bn fraud

Wed, 22nd Jan 2025
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data protection
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surveillance
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biometrics
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.
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eCommerce faces cybercrime losses of GBP £2.02m per hour

Thu, 19th Dec 2024
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martech
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commerce systems
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advanced persistent threat protection
Research from Cequence Security warns eCommerce firms could lose GBP £2.02 million per hour to cybercrime during December's holiday shopping season.
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Netacea secures GBP £4 million to combat bot attacks

Thu, 12th Dec 2024
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supply chain
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ai
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cybersecurity
Netacea has secured an additional GBP £4 million investment from Mercia Asset Management to enhance its fight against sophisticated bot attacks.
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UK SMBs lose GBP £11,000 on average to online fraud in 2024

Thu, 5th Dec 2024
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email security
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cybersecurity
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productivity
Research shows UK small and medium-sized businesses lost nearly GBP £11,000 each to online fraud in 2024, raising survival concerns among leaders.
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AI fraud networks exploit UK shoppers amid festive season

Tue, 3rd Dec 2024
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online fraud
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black friday
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cyber monday
AI-driven fraud threatens to undermine Black Friday and Cyber Monday shopping, with UK scams costing victims over GBP £11.5 million last year.