PYMNTS

FEBRUARY 19, 2020

Game-changing identity/security edicts like the European Union’s second Payment Services Directive (PSD2) and its strong consumer authentication (SCA) requirement has hit implementation snags , further complicating matters. Bottom line: Fraud losses are expected to hit $48 billion annually by 2023 – more than double the 2018 losses.

Law Enforcement 52

Law Enforcement Fraud Detection Bots Phishing 52

FICO

SEPTEMBER 5, 2022

Throughout 2021, Payment Service Providers (PSPs) and merchants in the UK engaged in a collaborative effort to roll out and ramp up Strong Customer Authentication (SCA) controls on ecommerce transactions in advance of a 2022 implementation deadline. Scams Fraud Overtaking Card Fraud. How FICO’s Fraud Solutions Reduce Losses.

Scams 52

Scams Financial Crimes Credit Cards Push-to-Card 52

Seon

JANUARY 29, 2024

Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots.

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. Brown and Webster agreed that, as an authentication method, Alexa (and voice in general) still provides far more questions than answers.

Authentication 41

Authentication MFA Fraud Detection Security 41

PYMNTS

OCTOBER 1, 2019

Sophisticated AI tools are being used by QSRs to enable ordering via voice assistants, to work behind the scenes and to make operations more efficient, as well as to help fight fraud. QSRs are fighting back against bad actors by partnering with third-party payment processors and incorporating security technologies to authenticate customers.

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

Nanonets

AUGUST 1, 2023

This technology proves invaluable in detecting potential instances of fraud or non-compliance within the organization, providing deeper insights into business operations, and enabling data-driven decisions to strengthen risk management and compliance measures.

Audit 52

Audit Automation Bots Risk Assessment 52

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. What does FICO offer and how does it distinguish from other AFC solutions?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FICO

JANUARY 19, 2022

By using bots to create digital art and ascribing them to a fake identity that hides behind a nickname, you can achieve nearly peak anonymity. Machine learning models provide the analytic horsepower to assess all purchases/transactions in real-time, correlate that data with the ID proofing , authentication and customer behavior data.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. The Rise of the Bots. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 04:56. by Adam Davies.

Bots 52

Bots Scams Financial Crimes Push-to-Card 52

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Seon

MAY 8, 2024

Such detailed evidence supports a strong narrative to challenge fraudulent chargebacks and supports how companies respond to friendly fraud or chargeback attempts, safeguarding against financial losses. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Fintech News

MARCH 9, 2025

This addresses risks including bot sign-ups and fraudulent activity. Furthermore, Endowus is utilising Twilio Verify Fraud Guard to proactively detect and prevent fraudulent activity. Notably, the platform has experienced less than 1% false positives with Fraud Guard, indicating effective and accurate fraud detection.

Security 87

Security Fraud Detection Verification Bots 87