NTS: 6.4 million UK shoppers scammed after clicking on a fake ads
UK shoppers have bought almost 100 million items on the back of glowing online reviews, only to be bitterly disappointed when they arrive, while 6.4 million have lost money to a scam after buying something from clicking on a fake online advert. That’s according to new data released by National Trading Standards (NTS) to coincide with Black Friday and Cyber Monday. The research found […]
Account takeovers are surging in the age of Agentic AI – Download the full report
Account takeover (ATO) fraud is accelerating, with global losses projected to hit $17B in 2025. Sift’s Q3 2025 Digital Trust Index reveals how agentic AI is fueling large-scale, automated ATO attacks that are harder than ever to detect. The report uncovers which industries are seeing the biggest spikes and why 74% of consumers are wary […]
Mobile wallets now being used by majority of UK adults
Data published by UK Finance indicates how payment habits in the UK continue to evolve and how they are expected to change in the next decade. Key findings from the Payment Markets Report for 2024 show: The total number of payments made in the UK last year was 48.6 billion payments, up by 1.5 per […]
UK public open to AI payments as move towards cashless society accelerates
Over half of consumers (62%) in the UK say that they prefer to pay with debit or credit cards, highlighting the continued dominance of traditional card-based transactions. That’s according to research from SumUp, which reveals 18% of consumers find mobile payment options, such as Apple Pay and Google Pay to be the most convenient choice, […]
Analysis indicates UK is the leading market for AI cybersecurity providers
Analysis of the most recent research results from the AI and Software cybersecurity market analysis report from the Government website by OnSecurity suggests the UK is the leading market for AI cybersecurity providers. Findings indicate that 48% of AI cybersecurity providers are headquartered in the United Kingdom, followed by the United States (38%), Ireland (6%), Israel (3%), Romania (2%), […]
FIS, Verifi and Riskified to lead chargeback management market in 2025
A study from Juniper Research has revealed which chargeback management providers will lead the global market in 2025. The Competitor Leaderboard ranked the top 15 chargeback management platforms across several criteria, including the extent to which each vendor covers prevention and dispute management, how well industry verticals are served, and future business prospects. The top five […]
UK fraud pegged at £570 million in the first half of 2024
Data from UK Finance indicates criminals stole £571.7 million through unauthorised and authorised fraud in the first half of 2024, representing a 1.5 per cent decrease compared to the first half of 2023. Banks prevented £710.9 million of unauthorised fraud through advanced security systems, while 72 per cent of APP fraud started online and 16 […]
AI-enhanced malicious attacks and soft ransomware targets front of mind for risk execs
Concern about artificial intelligence (AI)-enhanced malicious attacks have again topped Gartner’s emerging risk rankings in the second quarter of 2024, while new concerns regarding soft ransomware targets are also coming to the forefront of enterprise risks. “Similar to AI-enhanced malicious attacks, soft ransomware targets require minimal experience and cost to cause significant financial and reputational […]
Research points to Business Email Compromise as new frontier in AI-powered fraud
A report has highlighted the ingenuity of cyber criminals in using AI to evade detection and maliciously scam individuals and enterprises, analysing 1.8 billion emails globally and detecting 226.45 million spam emails and 16.91 million malicious URLs to identify the email threat trends that impact enterprises the most. VIPRE Security Group’s Q2 2024 Email Threat Trends […]
Cross-border payments boom due to speed and reliability
Cross-border payments are becoming increasingly important to international economies, with around 63% of global consumers using international real-time payments (RTPs) services to send money to family and friends, while 51% use them only to pay for goods and services. That’s according to the 2024 Financial Services Consumer Survey conducted by GlobalData, which says the G20 roadmap […]