Displaying items by tag: fraud prevention

GUEST OPINION: There are several reasons why real-time is really taking off, and the rise of event-driven architectures is one of them.

Payments operator Visa says its AI-driven security has helped financial institutions prevent Australian businesses being defrauded to the tune of $354 million in the past year.

Global fast food and restaurant chain Nando’s has selected payment platform provider Adyen’s unified commerce offering for deployment across its Australia and New Zealand market network.

Brazil-based fraud prevention and management company ClearSale has announced the commencement of operations in Australia, driven by the need to counter issues commonly faced by e-commerce practitioners.

Michel van Aalten, Adyen country manager ANZ

According to the Australian Payments Network, payment fraud on Australian credit cards hit $476 million in 2017, surging from $218.1 million in 2016. As of 2018, online card fraud now accounts for 85 per cent of all card fraud in Australia.

Retailers worldwide are set to lose some US$130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to a new report highlighting the use of increasingly complex approaches by fraudsters.

Australian-based company Trax Print has inked a resellers agreement with US professional services firm StatCore to sell its printed document verification system within the United States and in Africa.

Visa has launched its first Token Service - a relatively new security technology that replaces sensitive payment account information found on payment cards – in the Asia Pacific regional market.

ThreatMetrix’s quarterly report looks at cybercrime attacks detected by its ‘Digital Identity Network’, analysing over a billion transactions monthly to do so.

From prior to TrustDefender through to ThreatMetrix today, Andreas Baumhof has been at the cutting edge of cyber security, with his annual cybercrime predictions definitely worth perusing.

Global US-based cybercrime protection firm Threatmetrix has released its latest Fall 2014 Release with a host of new and upgraded enterprise-class security solutions, turning things up past 11… to 12!

A new version of RSA Web Threat Detection adds mobile application traffic visibility to crime and fraud monitoring.

Merchant EFTPOS payments provider Tyro says it expects a significant reduction in payment fraud next year with the decision by the ACCC to grant authorisation to Visa and MasterCard to abolish the use of signatures for purchases over $100.

Imperva, a pioneer and a leader of a new category of data security solutions for high-value business data in the data center, announced today the availability of SecureSphere 9.0 and introduced ThreatRadar Fraud Prevention Services. With ThreatRadar Fraud Prevention, Imperva has defined a new Web security architecture that not only encompasses Web applications, Web server infrastructure and application data in databases, but also extends to Web application users.