60% of Fraudsters Use Physical Fakes: New Study From Sumsub
- 3 years 1 week 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
- 3 years 1 week 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
- 3 years 1 week 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
- 3 years 2 weeks 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
- 3 years 2 weeks 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
- 3 years 2 weeks 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
- 3 years 2 weeks 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.
Ondato Launches AI-enabled Spoofing Detection Tool to Combat Rise of Document Fraud
- 3 years 3 weeks ago
- Fraud Detection
New algorithms make it impossible to submit spoof ID documents Ondato, the leading Compliance-as-a-Service platform, has launched a new AI-enabled ID forensics system that makes it impossible to submit spoof documents, such as altered photos, ID papers, and deep fake videos, as part of any customer on-boarding process.
Global Fantasy Sports Platform Sorare Selects SEON Fraud Prevention Solution
- 3 years 3 weeks ago
- Blockchain, Fraud Detection
Company chooses modern fraud detection and prevention tool to protect against referral and NFT fraud on its cutting-edge blockchain platform
Vodafone to Leverage FICO’s Expertise in Tackling Fraud Risk in Digital Channels
- 3 years 3 weeks ago
- Fraud Detection, Data, Risk Management
Analytics software firm FICO has been engaged by Vodafone, a leading telecommunications company in Europe and Africa, to review new fraud risks and mitigations arising from the accelerated adoption of digital channels due to the pandemic. The FICO Advisors consultancy team will assess Vodafone’s operations across 19 countries and advise on tackling new fraud risks at a country level.
eCommerce Fraud and Abuse Are Fundamentally Different
- 3 years 3 weeks ago
- Fraud Detection
Written by Colin Sims, Chief Operating Officer, Forter Abuse is growing in volume and attention Policy abuse is a recurring topic in my recent conversations. As eCommerce has grown rapidly, so have the types and amount of abuse.
GBG Integrates Mobile Network Operator Data Into its Solutions to Help Businesses Easily Verify Customers and Combat Identity Fraud
- 3 years 4 weeks ago
- Fraud Detection
GBG, the experts in digital identity, has integrated mobile network operator (MNO) data into its identity verification and anti-fraud solutions. This external source of data can help businesses further strengthen their multi-level identity and fraud prevention strategies and drive confident decisions on customers.
Nearly a Third of Global Businesses Lost Over £1m to Financial Crime in One Year, Says New White Paper
- 3 years 1 month ago
- Data Protection, Fraud Detection, Compliance
A recent white paper published by Themis and Encompass Corporation, the leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software, revealed new insight into the ‘cost’ of not adhering to financial crime compliance.
GBG Announces It Has Agreed to Acquire Acuant, Bringing Together Two Leaders in the Global Digital Identity Market With Combined Revenue of C.£265 Million
- 3 years 1 month ago
- Digital Identity, Fraud Detection
Strategic acquisition creates global leader, transforming digital identity and fraud prevention ● Combination supports GBG’s purpose to build trust in a digital world, delivering differentiated solutions for all points of the identity verification and identity fraud customer journey ● Acquisition enables GBG to further expand into the US – the world’s largest and most strategically important market for location, identity and fraud... more
IXOPAY and Fraugster Team up to Future Proof Payments and Secure BNPL Providers, Marketplaces and iGaming Companies with Powerful AI Fraud Prevention
- 3 years 1 month ago
- Payments, Fraud Detection, Security
Greater flexibility and choice with payment orchestration and advanced fraud protection
