The Fintech Times

SEPTEMBER 11, 2024

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated.

Bots 59

Bots Deepfake Automation APACS 59

PYMNTS

JUNE 11, 2020

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners , a press release states. The software utilizes real-time data analytics and real-time scoring to help merchants snuff out fraud and deliver seamless transactions, the press release says.

Fraud Detection 60

Fraud Detection Fraud Prevention Bots Advisors 60

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Senior Consultant, Fraud and Financial Crime. UK Posts Largest Reduction in Fraud Losses.

Scams 52

Scams Financial Crimes Credit Cards Push-to-Card 52

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

FEBRUARY 26, 2020

These merchants have always been vulnerable to in-person fraud, including coupon or promotion scams, but digital channels create new avenues that bad actors can exploit. Many AI-based fraud detection solutions also leverage machine learning (ML), which allows the system to learn on its own. Selecting the Target.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. Then there’s the disturbing rise in loyalty program scams.

Fraud Detection 52

Fraud Detection Bots Law Enforcement AI 52

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. Synthetic Identities and Application Fraud. The Rise of the Bots. Some customers had found that bots were being used to uncover the right 3 digits for the CVV.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52