An Amazon selling support associate was recently arrested by the FBI after issuing more than $90,000 in fraudulent refunds to himself and people he knew. The former Amazon employee used different buyer accounts to purchase electronics and took advantage of his position to issue refunds without returning the products. This is an example of insider fraud.
NICE Actimize, a NICE (Nasdaq: NICE) business, and Refinitiv, part of LSEG and a leading global financial markets infrastructure and data provider, today announced a strategic partnership which will enable it to resell NICE Actimize’s industry-leading SURVEIL-X Holistic Surveillance Suite through both a cloud or on-premises environment to its growing customer base throughout the Asia-Pacific region.
LexisNexis® Risk Solutions announced that it won four accolades at the 2021 Global Banking & Finance Awards®. The recognition came in the Business Technology category with LexisNexis Risk Solutions winning Best Anti-Fraud/Security Solutions Provider in the Asia Pacific, Latin America, United States and Western Europe regions. The Global Banking & Finance Awards has spotlighted companies of all sizes across the financial industry for... more
buguroo, a pioneer in behavioral biometric based online fraud prevention, today announced it is changing its name to Revelock to reflect the company’s commitment to not just reveal fraud, but also preemptively respond to and block attacks.
Trulioo, the leading global identity verification company, announced the addition of Garient Evans in a key position of SVP of Identity Solutions. Evans joins Trulioo during a hyper-growth stage, highlighted by the launches of ID Document Verification and Business Verification products to complement its global electronic identity verification capabilities for hundreds of customers worldwide.
Financial super app, Revolut, has announced it is building on its previous partnership with identity data intelligence experts, GBG, as the category leaders work together to tackle the rise of online fraud and promote the safe adoption of digital services through customer onboarding solutions, including Know Your Customer (KYC) and Anti Money Laundering (AML).
- 16.02.2021 05:39 pm
- Fraud Detection
SEON, the fraud fighters, today announces the launch of The Great Debate, which will bring together prominent figures in the fraud management industry to establish which three threats will top the agenda for the sector in 2021. The five leading experts will bring a trend each and will compete for its place amongst the top three.
- 10.02.2021 04:58 pm
- Fraud Detection
Today, Bottomline and Strategic Treasurer release the results of the 2021 Treasury Fraud & Controls Survey. This is the 6th annual survey between the long-time collaborators, whose research partnership also includes the annual B2B Payments Survey. As in prior years, the 2021 survey gathered details about corporate and banking experiences, actions and plans regarding fraud. Results show that the pandemic accelerated both the threat of fraud... more
Finastra today announced the availability of NetGuardians’ Payment Fraud Prevention app on its FusionFabric.cloud open development platform. The app uses artificial intelligence to proactively detect fraudulent payments in real-time and reduce fraud losses.
GBG, the global specialist in identity data intelligence, has announced an enhanced partnership with leading Near-Field Communication (NFC) technology provider InnoValor, to implement their patented ReadID technology into GBG’s suite of identity verification and fraud prevention tools. This combination of innovative technologies paves the way for simpler onboarding, a seamless user experience, and improved digital trust.
Experian today launches the newest version of its fraud prevention platform to help businesses dealing with the rapid surge in demand for digital services and the growth of online accounts. Due to the digital acceleration instigated by Covid-19, online retailers, businesses, and their customers are at risk of the growing threat from fraudsters exploiting outdated and unsophisticated fraud prevention systems.
Josh Gunnell, head of fraud & ID pre-sales at TransUnion in the UK, comments on the recent ONS fraud statistics:
NICE Actimize Launches AI-Driven New Account Fraud Solution to Combat Synthetic and Stolen Identity Fraud
Sophisticated fraud schemes utilizing stolen and synthetic identities are accelerating, requiring more powerful fraud-fighting solutions than traditional identity verification might have previously offered. Addressing these market needs, NICE Actimize, a NICE business (Nasdaq: NICE), today announced the debut of its New Account Fraud onboarding and verification solution.
LexisNexis Risk Solutions Named Best in Fraud Protection and Threat Intelligence at Inaugural CyberSecured Awards
- 27.01.2021 04:57 pm
- Fraud Detection
LexisNexis® Risk Solutions has been honored as a winner in two categories in Security Today’s 2020 CyberSecured Awards. Judges named LexisNexis Risk Solutions as the category winner in both Fraud Protection and Threat Intelligence. Both awards recognize the LexisNexis® ThreatMetrix® product, an enterprise solution for digital identity intelligence and digital authentication trusted by more than 5,000 leading global brands to inform risk... more
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced its partnership with The Sentry, an investigative and policy team that seeks to prevent African war criminals and their business networks from abusing the international financial system.