FICO

FEBRUARY 16, 2022

US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. Most respondents in the US reported that they are most worried about card fraud, having their stolen identity used to open an account, and Account Takeover (ATO) fraud.

Verification 52

Verification Consumer Scams Fraud Detection 52

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

Fi911

DECEMBER 3, 2024

The Importance — & Limitations — of Velocity Checks These velocity checks are highly adaptable and can be effortlessly integrated with existing systems, making them a valuable asset in identifying threats such as account takeover fraud, chargeback fraud, and synthetic fraud.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Fintech Finance

FEBRUARY 29, 2024

Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

PYMNTS

FEBRUARY 10, 2017

The bigger and more widespread cyber threat, as opposed to shimmers, may actually be the ability for cybercriminals to use or sell stolen data for fraudulent online purchases that are typically made in groups of small purchases as to go undetected by fraud detection systems. has fallen significantly behind the curve.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. acquire personal data via account takeovers.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

FICO

FEBRUARY 16, 2022

US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds. Most respondents in the US reported that they are most worried about card fraud, having their stolen identity used to open an account, and Account Takeover (ATO) fraud.

Consumer 52

Consumer Scams Fraud Detection Fraud Prevention 52

The Fintech Times

AUGUST 13, 2024

How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world? While fraudsters attempt to use AI for nefarious purposes, Latin America is firmly embracing the technology to fight back with advanced fraud detection and prevention tools that learn and adapt over time.

AI 59

AI Fraud Detection Fraud Prevention Deepfake 59

PYMNTS

JANUARY 16, 2020

Trade finance and supply chain digitalization company Tradeshift has partnered with fraud protection solutions firm SiS to ward against this, developing a solution that uses blockchain technology for more robust identity verification. Experimentation with biometrics and other behavioral analysis tools is also advancing.

AI 53

AI Identity Theft Authentication Verification 53

PYMNTS

OCTOBER 13, 2017

After five Christmases, five Hanukkahs, five Black Fridays and five Cyber Mondays, Arizona-based startup Emailage — the identity verification company delivering risk scores to financial institutions (FIs) and online merchants based on customers’ email addresses – has defenses down to a science.

Risk Assessment 46

Risk Assessment Account Takeovers Fraud Detection Assessments 46

PYMNTS

MARCH 30, 2016

TSYS’ ProPay has paired up with InfoTrax to help direct selling companies battle fraudsters by integrating ProPay’s Guardian CyberShield fraud detection and protection service into its DataTrax back-office software. It is also used to prevent account takeover, payment fraud, identity spoofing, malware and data breaches.

Account Takeovers 41

Account Takeovers Fraud Detection Fraud Prevention Best Practices 41

PYMNTS

OCTOBER 1, 2019

These businesses felt unequipped to handle mobile attacks (32 percent) and synthetic identity fraud (32 percent) in equal measures, while account takeovers posed problems for 25 percent. Voice Ordering: The Next Fraud Frontier? What’s being done about the increase in mobile attacks?

Data Breach 57

Data Breach Breach Account Takeovers AI 57

PYMNTS

JANUARY 24, 2020

Knowledge-based authentication (KBA) measures such as security questions are not enough as synthetic IDs and account takeovers (ATOs) can often evade issuers’ defenses, Fox said. Issuers thus must shake free of traditional security approaches that may be less effective against modern threats.

Issuers 61

Issuers Card Issuer Authentication Processors 61

Clearly Payments

JULY 16, 2024

Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Financial Services The financial services industry faces a high risk of fraud due to the nature of its operations and the sensitive information it handles. of all reported fraud cases. billion in losses.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Nanonets

MAY 31, 2023

Common examples of external payment fraud include: Impersonation: Fraudsters pose as legitimate customers or vendors to deceive organizations into making unauthorized payments. Account Takeover: Criminals gain unauthorized access to customer accounts, allowing them to make fraudulent transactions or transfer funds.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

FICO

AUGUST 24, 2020

Contextual decision-making capabilities are already in place at banks that use the FICO® Falcon® Platform for fraud management, which comes with built-in functionality for real-time payments, person-to-person payments, card not present transactions, application and identity fraud, mobile wallets, payment cards account takeover and more.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Fraud Detection 52

Seon

JULY 10, 2024

Fraud monitoring is a broader term encompassing the overall detection and prevention of fraudulent activities within an organization. These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Fraud transaction monitoring’s scope is narrow.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

PYMNTS

SEPTEMBER 6, 2019

Fraud protection is thus a high priority for all call centers, regardless of their industries. Implementing biometric verification in tandem with other tools could help call centers looking to move away from KBA. Call center leaders know this, as shown by the 91 percent who cited it as important.

MFA 49

MFA Authentication Phishing Verification 49

PYMNTS

SEPTEMBER 28, 2017

In a conversation with PYMNTS’ Karen Webster, David Barnhardt, executive vice president of product at full-service payment and ID verification solutions provider GIACT Systems , said the estimated costs of synthetic identity fraud to credit card firms will come in at $8.5 Models to gauge risk and combat synthetic fraud?

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Users gain visibility into why and how decisions are made, facilitating verification and optimization of outcomes.

Security 52

Security Fraud Prevention AML Bots 52

Fintech Labs Insights

AUGUST 22, 2024

Trulioo: Raised $475M, global identity verification provider, continues to expand, securing contracts with multinational corporations. Spring/West 2020 (Digital): Breach Clarity (acquired by TransUnion): Cybersecurity solutions for financial fraud detection, received critical acclaim for its innovation.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Fintech Labs Insights

DECEMBER 20, 2016

At its FinDEVr Silicon Valley debut this fall , digital authentication specialist NuData demonstrated how its technology, NuDetect , enabled verification using a combination of behavioral biometrics identification and analytics, device location, and entity linking.

Security 17

Security Identity Theft Account Takeovers Fraud Detection 17

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Seon

MAY 8, 2024

Multi-Accounting Detection Through meticulous tracking of device and browser IDs associated with each user account, device intelligence facilitates the detection of multiple users accessing your platform from the same device, enabling proactive measures to preserve the integrity of your user base.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52