Scams stories
Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.
Billions still offline and fraud on the rise as the GSMA pushes for 5G returns, cheaper handsets and global 6G standards.
The partnership will fund more than 3,200 hours of specialist help, aiming to support over 1,000 fraud and cybercrime victims in the US and UK.
Businesses face growing risk from AI-driven fraud as ANZ says rushed seasonal trading can let scammers exploit weak payment controls.
Stablecoins are edging towards mainstream payments in Asia Pacific, with 46% of consumers saying they may use them within five years, Visa found.
Consumers across Asia Pacific are willing to wait longer for transfers if it reduces scam losses, Visa's survey of 45,000 people found.
Cross-border transfer costs may fall as nearly half of banks and fintechs are already using or piloting stablecoins, ACI Worldwide says.
The cybersecurity company is seeking board-level expertise as it expands brand protection services amid rising AI-driven phishing and fraud risks.
Crypto scam losses in Singapore fell 43% as police and Coinbase teamed up to identify more than 720 potential victims and stop S$18.9 million in losses.
Rising AI-driven scams are prompting agencies to push basic defences, as the annual awareness drive urges New Zealanders to act before breaches bite.
Selected Queensland customers can now verify their identity at NAB branches by sharing a mobile driver licence, cutting manual checks and document handling.
Generative AI and scams are making many rangatahi doubt what they see online, even as reliable internet remains vital for school, work and services.
Many adults are still feeding chatbots sensitive data, despite believing they can spot AI fakes, a UK survey has found.
The finding highlights a trust gap that could slow AI adoption in payments, with only 22% of UK consumers willing to use it there.
Customer concerns over fraud and regulation are shaping a cautious rollout, with the bank planning to start on its own digital channels in Hong Kong.
Customers will be able to query spending patterns in natural language as the bank expands in-house AI after launching fraud triage support.
Europe's card fraud bill hit a record EUR €1.69 billion, even as UK losses edged up only 2% to GBP £594.9 million.
Stronger anti-money laundering reforms could lift Canada's economy by CAD $216 billion over a decade, Deloitte says.
Participants will hear fresh evidence on scams and digital trust as Southeast Asia weighs tougher rules for a fast-growing digital economy.
Victims are being left to fend for themselves as fraud becomes industrialised, with many still blaming themselves after scams.
