New Report Today Reveals a Staggering 85% Increase in Online Fraud With Over a Fifth of All Online Traffic Now an Attack
- 2 years 2 months ago
- Security, Fraud Detection
In the UK: gaming, online streaming and social media sites, travel and retail/ecommerce companies are the worst hit by fraudsters Experts also find that the metaverse is already fast becoming a fertile breeding ground for cybercrime and newly defined, ‘Master Fraudsters’
UTP Shield to Provide Increased Fraud Protection to Merchants
- 2 years 2 months ago
- e-Payments, Fraud Detection
Following the success of its award-winning Faster Processing solution, UTP Merchant Services, one of the UK’s largest providers of physical and online payment solutions, is launching a free service to help protect its customers from potential fraud and chargebacks.
Digital Fraud Continues to Rise, With Remote Banking Fraud up 53%
- 2 years 2 months ago
- Security, Fraud Detection
Josh Gunnell, head of fraud & ID pre-sales at TransUnion in the UK, comments on the recent ONS fraud statistics “The latest quarterly fraud figures from the Office for National Statistics highlight the extent of the impact of the pandemic, with fraud up 36% for the year to September 2021, compared with the year ending September 2019, at 5.1 million fraud offences. Much of this was driven by financial and retail fraud, which is unsurprising,... more
ComplyAdvantage Names Nabeel Vilcassim CFO And Oliver Furniss CPO As The RegTech Innovator Prepares For Record Growth In 2022
- 2 years 3 months ago
- Fraud Detection, Risk Management, People Moves
With An Expanding Portfolio Of Global Hyper Growth Customers, Record Search Volumes, World-Class Partnerships And Recent Investment The Company Readies To Scale
SEON Becomes the World’s Quickest Growing Fraud Prevention Company
- 2 years 3 months ago
- Fraud Detection, Authentication Technology
To mark the start of 2022, SEON is reflecting on a year of tremendous business and customer growth, as well as celebrating its new status as the world’s fastest-growing fraud prevention company. Kicking off 2021 with a bang, the fraud fighting company announced its first significant round of venture capital financing. Led by Creandum, the $12 million funding round represented the largest Series A investment in Hungarian history.
Contextual Intelligence – A new Tool in the War Against Fraud
- 2 years 3 months ago
- Fraud Detection
Doug Clare, Vice President of Product Management, Fraud Protection and Compliance, FICO, describes the benefits of examining the full picture
Financial Industry Warned of Continuing Fraud
- 2 years 4 months ago
- Security, Fraud Detection
More than 50 delegates from the UK’s leading banks and other financial organisations have been told that mandating fraud measures such as UCN Plus• would help stay one step ahead of fraudsters. That was one of the many warnings shared at The 7th Annual Conference for Cheque Imaging & Remote Deposit Capture, held last week in Central London.
Radiflow Welcomes New European Partnerships as Projects Jump 60% Year Over Year
- 2 years 4 months ago
- Cybersecurity, Fraud Detection
Radiflow welcomed new partnerships across Europe in 2021 in preparation to meet 2022 targets. We have recognized impressive growth through our global partners and are now strengthening our presence through local partnerships. said Radiflow CEO, Ilan Barda
60% of Fraudsters Use Physical Fakes: New Study From Sumsub
- 2 years 4 months ago
- Fraud Detection, AML and KYC
Anti-fraud and verification platform, Sumsub, is sharing the results of its identity fraud research to help businesses protect themselves from cybercriminals
Tis the Season to Prevent Payments Fraud
- 2 years 4 months ago
- Payments, Fraud Detection
Colin Neil, UK Managing Director of Adyen With Christmas around the corner, most shops and businesses have dusted off their decorations and braced themselves for the busiest time of year. While many bemoan how Christmas seems to come earlier every year, for some businesses it couldn’t come soon enough.
Sumsub Launches a Self-Start Service and Opens Its Anti-Fraud Platform To SMBs
- 2 years 4 months ago
- Fraud Detection, FinTech StartUps
An anti-fraud and identity verification platform is offering new plans for small business customers to provide identity verification and KYC/AML compliance and background checks. Sumsub, a startup that fights money laundering and online fraud, has launched the first Self-Start Service and offers new identity verification plans for small businesses. The initiative was launched in response to the 40 percent surge in fraud targeted at small and... more
Nets and Ethoca Partner to Reduce Chargebacks, Friendly Fraud and Transaction Confusion
- 2 years 4 months ago
- Security, Fraud Detection
Better sharing of fraud and purchase details between merchants and issuers will enhance the customer experience
Majority of Public Expect Banks to Pay Out for Rising Scam Attempts
- 2 years 4 months ago
- Open Banking, Data Protection, Fraud Detection
· More than half (58%) of the British public reported receiving scam attempts at least once per week · Most (67%) expect their bank to foot the bill for successful scams, regardless of the total amount lost · 51% say they would switch banks if they were not reimbursed after falling victim to fraud
Almost 100k Americans Fell Victims to Credit Card Fraud in 2021 Q3
- 2 years 4 months ago
- Credit Cards, Data Protection, Fraud Detection
Credit card fraud has become one of the most popular ways for criminals to make a quick buck. Credit card identity theft is relatively easy to carry out, and it’s also significantly less risky than traditional types of crimes, which is why it’s the most common type of identity theft in the last quarter. Data extracted and analyzed by Atlas VPN reveals that 97 thousand Americans were the victims of credit card fraud in Q3 2021. This type of... more
Netacea Research: Skewed Analytics Cost Businesses as much as Click Fraud
- 2 years 4 months ago
- Security, Fraud Detection
New report shows that ad fraud, a $42 billion a year problem, and skewed analytics both cost businesses 4% of their revenue Netacea, the bot detection and mitigation specialist, today announced results from a new report that shows skewed analytics caused by bots cost businesses just as much as click fraud, despite click fraud’s much bigger profile.
