Fraud Detection

CustomerXPs to Showcase ‘Human Brain Like’ Real-Time, Cross-Channel Fraud Management at MEFTECH

Real-time, Cross-channel Banking Enterprise Financial Crime Management software product company CustomerXPs today announced that it will be showcasing their acclaimed product Clari5 at the upcoming MEFTECH event scheduled to be held at ADNEC, Abu Dhabi on 13 & 14 March. Read more »

Gone in 60 seconds - Ransomware’s reality

Timico , cloud service provider in partnership with Datto , a business continuity solutions provider, reveals research findings that the effects of Ransomware attacks on finance companies cause substantial financial cost and immeasurable data loss. However, there is an alarming lack of awareness when it comes to being prepared, with over half of UK banking and insurance firms having no official Ransomware policy, to guide employees on what to do... more Read more »

Lack of trust among UK consumers towards financial data protection

According to ACI Worldwide, majority of UK consumers have doubts about the ability of businesses and financial institutions to manage confidential data safely. For instance, 19 percent of respondents say they do not trust firms to protect their data and 33 percent responded they are unsure. Confidence levels were similar across the globe and only three countries had more than 50 percent of respondents indicated that they trust institutions to... more Read more »

EC Wise Joins FICO’s Enterprise Security Score partner program

Cybersecurity solution provider and systems integrator EC Wise and Silicon Valley analytic software firm FICO announced today that EC Wise has joined FICO’s Enterprise Security Score partner program. Read more »

Icon Solutions Partners with Featurespace to Provide Real-time Fraud Protection for Instant Payments

 Icon Solutions the specialist provider of instant payments technology, has today announced that it is partnering with Featurespace, the world’s leading supplier of Adaptive Behavioural Analytics technology. Read more »

Credit Card Frauds 101: Modus Operandi

US$ 500 million is lost every year to fraud credit card fraud. More the online transactions - more the more the probability of falling prey to credit card fraud. Here's a sneak peek in to the methods fraudsters use.   Read more »

Western Union Announces Agreements With U.S. Investigations on Anti-fraud Program

Settlements relate to conduct that mainly occurred 2004 to 2012; Company has increased compliance funding 200 percent in the last five years; Business performance for 2016 in line with previous outlook Read more »

FICO joins forces with Ethoca to improve CNP Fraud management capabilities

Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop e-commerce fraud and disputes, today announced a partnership with Silicon Valley analytic software firm FICO. Read more »

Globalplatform Empowers the Web to Access Advanced Security Services

GlobalPlatform has defined a standardized communications interface between web applications and secure element (SEs), which will enable developers of web services to build in advanced security features to protect online services against many types of attack and fraud. Read more »

Keystone Bank Opts for NetGuardians

Swiss FinTech leader NetGuardians has been selected by Nigeria’s Keystone Bank Limited for real-time protection against eBanking fraud. The move helps ensure compliance with the Central Bank of Nigeria’s (CBN) recently-published risk desk directive. Read more »

Financial Fraud: Greatest Hits of 2016

2016 had a financial fraud being committed once every 15 seconds, compelling financial institutions to buckle up. The trend will continue through 2017 with newer, more innovative attempts. Imperative therefore to think innovatively to stay ahead of the game. Read more »

NuData Security signs agreement with Arvato Financial Solutions

Arvato Financial Solutions, a leading global financial services provider, today announced an agreement with NuData Security, an award-winning international expert in passive behavioural biometrics, to join forces. The partnership will enable clients to focus on good customer experience, balancing complex fraud mitigation strategies in compliance with local data protection regulation. Read more »

FICO named CSO50 Award winner for its application security program

Silicon Valley analytics software firm FICO today announced that it has been named a winner in the 2017 CSO50 Awards from IDG's CSO. The company was recognised for its next-generation application security program, which accelerates the delivery of robust, secure applications.  Read more »

International Contribution to Cyber Security Winner Announced in First National Cyber Awards

The inaugural Scottish Cyber Awards have taken place and the successful ceremony has seen an Edinburgh firm land the award for International Contribution to Cyber Security. Edinburgh-headquartered ZoneFox were announced as the winners in the category after also scooping the Champion of Champions award. Speaking at the ceremony, James Graves, Chief Executive of ZoneFox, believes it is an honour to have received such prestigious new awards.   Read more »

TOC PRESENTS ITS BIOMETRIC MOBILE CONSENT MANAGER

TOC BIOMETRICS, the biometrics specialist company, presents its new TOC App at the Money 20/20 global event. The consent administrator system allows users to confirm or authorize with their fingerprint and smartphone to perform tasks such as online banking login, money transfers, payments, purchases, permits, electronic signatures and so on. Through a push message, the person can answer "I am/ I do" while placing their finger on the sensor of... more Read more »

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