Fraud Detection

Barclays warns UK faces most fraudulent online Christmas ever

This Christmas looks set to be the UK’s most fraudulent ever for online shoppers, according to new data from Barclays1. With fraud and scams becoming increasingly sophisticated, and with record numbers getting ready to do their Christmas shopping online, Barclays is warning of a perfect storm for seasonal online theft. Read more »

Chargebacks911 Announces Partnership with LimeLight to Reduce Credit Card Chargebacks

Chargebacks911, a leading international dispute mitigation and loss prevention firm (known as The Chargeback Company in Europe), has announced the integration of its comprehensive chargeback management services into continuity commerce platform, LimeLight. Read more »

More than Half of UK Public Think Fraud is Inevitable When Shopping Online and Want Business to Heighten Security Measures

More than half (52 percent) of UK consumers think fraud is an inevitable part of shopping online, according to new research conducted by Paysafe, a leading global payments provider. Read more »

Accuity unveils screening technology for transparent, traceable and auditable financial crime compliance

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announced the launch of its latest generation of transaction screening technology designed to help clients automate and gain an end-to-end view of their financial crime compliance screening so that they can demonstrate their compliance policy in action to regulators.  Read more »

EastNets Showcases its Real-time Fraud Detection Solution at Sibos

EastNets (eastnets.com), a leading provider of compliance, payment and cloud solutions for the financial services industry, will showcase en.SafeWatch PaymentGuard, an advanced real-time fraud detection solution for SWIFT payments. The product will be showcased alongside the company’s numerous anti-money laundering and financial crime and compliance risk (FCCR) solutions, at the 2017 SWIFT International Banking Operations Seminar (Sibos). Read more »

FICO Machine Learning Algorithms Improve Card-Not-Present Fraud Detection by 30%

FICO is releasing new payment card fraud detection models focused on making card-not-present (CNP) transactions more convenient and secure. Read more »

Mastercard Arms Banks with Predictive Tool to Combat Card Fraud After Data Breaches

It can now take as little as 9 minutes for stolen card and account data to be used via the dark web. With this in mind, Mastercard today announced the launch of Early Detection System, a new service that provides banks with a unique advanced alert for high-risk cards and accounts that are exposed in security incidents or data breaches. Read more »

FICO Achieves Amazon Web Services (AWS) Financial Services Competency status

Silicon Valley analytic software firm FICO announced that its TONBELLER® Siron® suite of anti-money laundering (AML) and know your customer (KYC) solutions have achieved Amazon Web Services (AWS) Financial Services Competency status. This designation recognises FICO for delivering robust solutions on AWS to help organisations manage critical issues pertaining to the industry, such as risk management, data management, navigating compliance... more Read more »

Pulse: US Debit Card Fraud Declines in Wake of Chip Roll Out

According to the 2017 Debit Issuer Study, commissioned by PULSE, one of the nation’s leading debit/ATM networks, U.S. financial institutions substantially increased issuance of chip debit cards in 2016 and experienced reduced fraud losses.  Since the fraud liability shift for most debit transactions took effect in 2015, an estimated 80 percent of U.S. debit cards have been converted to chip cards. The study also found that fraud loss rates... more Read more »

The ai Corporation Launches its Outcome-based Fraud Management Service

The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model. By combining ai’s world leading fraud experts and its artificial intelligence/machine learning capability, the new service model will enable organisations to outsource all aspects of their fraud management function to ai’s team, under a performance-based contract. Read more »

Risk Ident launches in US with new MD appointment

RISK IDENT, a leading provider of fraud prevention software supported by machine learning, is expanding its international operations and opening up its new US headquarters at the Cambridge Innovation Center (CIC) near Boston, Massachusetts. The center is home to more startups than anywhere else worldwide, while its proximity to customers, talent, and investors makes this location ideal for RISK IDENT’s future developments. Read more »

Insider Fraud in Banks: How Serious is the Threat?

Just how rampant is employee fraud and why are banking and financial institutions having such a difficult time preventing it? Take a look at this new infographic. Read more »

Aeriandi expands secure voice services to offer NICE Nexidia Analytics

Aeriandi, a leading provider of secure voice services and NICE, a global leader in cloud and on-premises enterprise software solutions, including advanced customer analytics, have announced a strategic partnership.  Under the terms of the partnership, Aeriandi’s customers will have access to an easy to implement speech analytics solution that can analyse both real-time and archived calls. Read more »

Fraugster Uses AI to Bring e-commerce into a Fraud Free World

Fraugster, an Israeli and German payment security company, announced today the official launch of the Fraud Free Product (Fraugster.com/fraudfree). The innovative solution uses a powerful Artificial Intelligence technology designed to completely eliminate fraud and increase profits for online merchants. Read more »

Jscrambler Releases 5.0 to Help Companies Combat Browser Hacks

Launching today is Jscrambler's Webpage Integrity module, an anti-fraud solution designed to protect webpages. It identifies fraud by detecting malicious tampering and client-side injections to webpages. Jscrambler is able to identify any kind of client-side injection (MITB, Malicious Extensions, Client-side XSS, Malicious/Compromised third-party code, etc.), be it a known injection or a completely new one (0-day attacks). Read more »

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