fraud

Understanding and impetus to clean up fraud still lacking, says TrafficGuard founder
Despite warnings of billions of dollars going to waste and funding criminal activity, the understanding of advertising fraud remains varied across businesses. Even some of the businesses that do understand the scope of the problem consider it an unavoidable “additional cost” to advertising online, and see little incentive in cleaning

28 million US households caught up in largest ever CTV fraud operation
Oracle says it has exposed the largest ever connected tv fraud operation which tricked advertisers into paying for advertisements that were never delivered to as many as 28.8 million US households. Dubbed “StreamScam” by Oracle, the fraud operation spoofed more than 28.8 million U.S. valid household IP addresses, including approximately

COVER STORY: Is tech giant Baidu about to pay $3.6B for a huge internet fraudster? Muddy Waters says yes
US hedge fund Muddy Waters Capital — which has a long and successful history of exposing fraud by Chinese companies listed in US markets — has thrown a huge wrench into plans by Nasdaq-listed Chinese search giant Baidu to buy live streaming YY Live from Chinese Video Giant Joyy for

Cost of Digital Ad Fraud Will Rise to $35 Billion Globally in 2020: CHEQ Report
Marketing losses due to ad fraud will rise to $35 billion in 2020, a global economic study by CHEQ has revealed. The cybersecurity company has undertaken a report detailing the full scale of ad fraud with economist Roberto Cavazos, a professor at the University of Baltimore, using the latest economic

Neobank Volt taps IBM for payment security
Banking newcomer Volt is leveraging a fraud protection solution from IBM which uses AI and machine learning to analyse behavioural and fraudulent patterns. During today’s Data and AI Forum hosted by IBM, the challenger bank announced it integrated IBM’s Safer Payments solution into its online banking platform 10 weeks ago.

Dramatic collapse of Wirecard may herald further regulation of European Fintech: analytst
Another executive from troubled German fintech Wirecard was arrested yesterday and questioned by German prosecutors. He is the second person from the one-time darling of the European tech sector to be hauled in over a burgeoning scandal involving missing billions. Wirecard was launched during the first dotcom boom in the

Online payment fraud losses to exceed $200 billion over next five years
Businesses in ecommerce, airline ticketing, money transfer and banking services will collectively lose over $200 billion to online payment fraud between 2020 and 2024, driven by the increased sophistication of fraud attempts and the rising number of attack vectors, according to Juniper Research. The continued high level of data breaches

Fraud bot exploiting poor ads.txt files hits 1.5 billion ads: Report
A newly revealed ad fraud bot is taking advantage of large unaudited ads.txt files, impacting billions of video advertisements and stealing millions of dollars from advertisers, according to ad verification company Integral Ad Science. IAS says the bot, known as the 404bot in reference to its domain spoofing, has existed

Machine Learning Tools Stand Out For Australian Customers In AWS’s latest updates
Amazon Web Services today revealed several new cloud services ranging from new databases to new AI and machine learning tools, some with particular importance for Australian customers, according to the company. Over 100,000 independent enterprises in Australia, ranging from startups to the big banks and government agencies, are running at

Consumer Retail Spend to Hit $30 Trillion by 2023: Juniper
Retail spend is expected to increase by $6 trillion globally between 2018 and 2023, taking total spend to $30 trillion, with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend. The figures are contained in a new study from Juniper Research which also identified