Fraud Detection

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 »

Company Directors at Greater Risk of Identity Fraud – Cifas and LexisNexis Risk Solutions Report Reveals

A new collaborative report, released today by Cifas, the UK’s leading fraud prevention service, and LexisNexis® Risk Solutionsan information solution provider that helps organisations assess, manage and predict risk and part of RELX Group, highlights that company directors are one of the most at-risk groups for identity fraud. Read more »

Tsys Applies Machine Learning Tech to Fraud Scoring

TSYS, in conjunction with Featurespace, announced a new fraud prevention product today, called TSYS Foresight Score with Featurespace.  Foresight Score is a fraud and risk scoring tool that incorporates innovative machine learning — a form of Artificial Intelligence (AI) that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to fight transactional fraud. It was built in partnership with... more Read more »

Accuity signs USL,strengthening its position in the Nigerian market

Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, announced today that it has signed a new partnership agreement with Union Systems Limited (USL), an information technology company supporting advanced software for leading banks and financial institutions in Nigeria, Ghana and Kenya. The partnership enables Accuity to add momentum to the growth of its business across the Nigerian market. Read more »

New Cyber Security Solution Detects WannaCry Attack and Stops It Dead in Its Tracks

With the recent events surrounding the WannaCry ransomware attack, REMTCS' ANNI PASS solution would have identified and mitigated the ransomware attack, preventing it from spreading throughout an organization. Read more »

Chargebacks911 Rebrands as The Chargeback Company in Europe

Chargebacks911, Europe’s first-ever chargeback management and dispute resolution company for online businesses, announced today that it will also be known as The Chargeback Company in Europe. The company will still be known as Chargebacks911 in North America, Australia and elsewhere outside of Europe. Read more »

Nuance Unveils New Biometric Security Suite

Nuance Communications today took a major step towards reducing the risk of consumer fraud by announcing a new suite of biometric security solutions, driven by the latest in artificial intelligence (AI) innovations.  The new Nuance Security Suite includes not only the company’s award-winning voice biometrics technology, but also new advances in facial and behavioural biometrics that combine to provide advanced protection against fraud, across... more Read more »

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