Displaying items by tag: Payment fraud

COMPANY NEWS: Fastly, the world's fastest global edge cloud platform, today announced a reseller partnership with Human Security. The Fastly-Human partnership will offer customers industry-leading bot protection as well as fraud and account abuse prevention to keep cybercriminals out of their online applications and services.

GUEST OPINION: Australia is progressing steadily with an open banking rollout. The Big Four banks – CBA, Westpac, ANZ and National Australia Bank – introduced open banking in July 2021, and other banks and financial services are expected to follow in 2022. According to many fintechs, however, the introduction is going slower than expected, and they are pushing financial markets to open their banking services online by signing additional data holders.

Australian secure payments data platform Eftsure has boosted its coffers with a $2.5 million capital raise, with the additional funding to be used to accelerate growth and to meet the demand for its protection platform for the fight against payment fraud, which cost Australian businesses losses of $1 billion in direct costs alone to cybercrime in 2018, including payment fraud.