Finovate

AUGUST 14, 2024

Use cases for Selfie Reverification include preventing account takeover, securing high-risk transactions, streamlining account recovery and re-verification/re-validation, and more. Founded in 2012 and headquartered in New York, Socure most recently demoed its technology on the Finovate stage at FinovateFall 2017.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

FICO

FEBRUARY 28, 2018

It was not much before Deep Blue, in 1992, that FICO pioneered the use of artificial intelligence and machine learning to fight credit card fraud. Fraud losses on US credit cards were reduced by over 70% since the introduction of FICO’s real-time anti-fraud analytics. FICO didn’t stop there. fraud and non-fraud) examples.

AI 69

AI Best Practices Identity Theft Account Takeovers 69

Seon

JUNE 15, 2023

A BEC attack is when a fraudster gains unauthorized access to a business’s account. The most damaging form of BEC is account takeover (ATO) attacks. One use case of BEC is when fraudsters use compromised data to trick staff into providing further information, such as their bank details or company secrets.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

NOVEMBER 6, 2017

Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. After all, your very name, address, telephone number, maiden name and so on are all ticking time bombs, putting you at risk for identity theft.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

PYMNTS

AUGUST 7, 2019

There are all kinds of verification use cases, he said, that don’t quite need full AML/KYC compliance, and classification purposes as to whether the consumer is in good standing or not. Preventing mobile account takeovers of existing accounts, or recognizing and proactively thwarting identity theft are two of the most common.

Authentication 44

Authentication Consumer Authentication Consumer Ubiquitous 44

FICO

APRIL 8, 2020

To prevent fraud and money laundering, activities must be secured with identity checks, including: When an account is accessed. When an activity is undertaken that increases a risk of account takeover— for example, if account details such as address or email need to be changed. by Sarah Rutherford.

Accounts 52

Accounts Enrollments Authentication Verification 52