Remove Bots Remove Fraud Detection Remove Identity Theft
article thumbnail

Experian Expands Fraud Risk Suite With NeuroID Acquistion

The Fintech Times

“In today’s highly competitive and digital-first world, the use of behavioural analytics is now vital for innovating for the future of fighting fraud.” Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability.

Risk 59
article thumbnail

AI/BOTS: Machine Learning Tips Online Fraud Scales

PYMNTS

By utilizing machine learning, retailers are essentially freeing up their security staff to improve and innovate on their fraud detecting tools and the rest of their employees to provide a more customized experience for consumers.

Bots 78
article thumbnail

3 Ways Fintechs are Helping Financial Institutions Fight Fraud

Finovate

The addition of credential stuffing protection is the latest example of Alkami’s layered approach to fraud detection and prevention in digital banking. Data and technology company Experian is adding behavioral analytics to its fraud detection capabilities courtesy of a newly announced acquisition of NeuroID.

article thumbnail

AI Helps Businesses Get Smarter About Fraud

PYMNTS

Old manual detection techniques like analyzing geolocations, IP addresses and discrepancies between billing and shipping addresses aren’t able to catch high-level attacks, and often result in false positives. Fraudsters are getting more sophisticated, making use of bots to mimic typical online shopping behavior.

AI 44
article thumbnail

Luxury Retail, Luxury Fraud: How Neiman Marcus Is Battling Fraudsters

PYMNTS

As they craft their omnichannel strategies, most luxury retailers are using a variety of fraud detection programs to counteract increasingly devious methods. With our current fraud detection system, we are utilizing device fingerprinting,” Ciborowski said. “The

article thumbnail

What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it.

article thumbnail

Virtual Credit Card Fraud: Its Risks & How to Prevent it

Seon

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.