Report: Payment Fraud Attacks Against Fintech Companies Soar by 70% in 2021
- 2 years 10 months ago
- Payments, Fraud Detection
Sift’s Q1 Digital Trust & Safety Index reveals rising fraud across fintech, company releases Trust Intelligence Center for Trust and Safety Professionals The fintech providers that saw an uptick in payment fraud from 2020-2021.
Chargebacks911 and Microsoft Team Up to Launch Fraud Protection Solution for Financial Institutions
- 2 years 10 months ago
- Transaction Banking, Fraud Detection
Chargebacks911’s dispute and chargeback prevention services to combat fraud on all fronts using Microsoft Dynamics 365 Fraud Protection core protection capabilities
nSure.ai’s Real-time Fraud Prevention Intelligence Platform Raises $18M Series A to Revolutionize Business in the Virtual Economy
- 2 years 10 months ago
- Fundraising News, Cryptocurrencies, Fraud Detection
Online retailers of FinTech products, cryptocurrencies, NFTs, games, and others sacrifice 30% of sales due to fraud suspicions. nSure.ai’s real-time fraud protection intelligence reduces decline rates by 90%, using merchant-specific data to approve up to 98% of transactions.
Sumsub Launches NFC Verification to Make Online ID Checks 99% Secure
- 2 years 10 months ago
- Data Protection, Fraud Detection
Near-field communication (NFC) verification technology lets businesses stay compliant with AML/KYC requirements by preventing identity fraud and protecting personal data. As a result, NFC-based ID checks are gaining popularity around the globe. Sumsub, a tech company that fights money laundering and online fraud, has recently added NFC-based checks to its online verification solution in order to enhance quality and security.
Key Fraud Trends and How to Prepare for the Future
- 2 years 10 months ago
- Fraud Detection
Large, all-encompassing historical events have the ability to change the way that society operates. These changes happen rapidly, but our adaptability ensures a sense of normality in unusual circumstances.
SEON Tackles Fraud in the BNPL Space
- 2 years 10 months ago
- Security, Fraud Detection
The world’s fastest growing fraud prevention business is on a mission to eradicate fraud in the Buy Now, Pay Later (BNPL) sector.
Avast and Cyber Insurance Specialist OSR Launch Cyber Safety Insurance For UK Households
- 2 years 11 months ago
- Security, Fraud Detection
The ‘OSR: Home Cyber Plus’ policy includes an emergency cyber response helpline for UK households and a 12-month subscription to Avast Premium Security for up to 10 devices
How Will SCA Change Fraud Pressure for Businesses?
- 2 years 11 months ago
- Fraud Detection
How Will SCA Change Fraud Pressure for Businesses? Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) in the UK and the EU. Aimed at securing online payments, consumers’ identities are verified with a two-factor authentication. This authentication will ask consumers to prove two of three factors: ● Knowledge — something they know, like a password ● Possession — something they own,... more
New Report Today Reveals a Staggering 85% Increase in Online Fraud With Over a Fifth of All Online Traffic Now an Attack
- 2 years 11 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 11 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 11 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 11 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 11 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
- 3 years 4 days 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
- 3 years 2 weeks 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.
