Bots Fraud Detection Scams 
Neopay
JANUARY 22, 2025
According to a recent report by the National Crime Agency (NCA), GenAI represents one of the most substantial threats to the fraud landscape today. Fraudsters are exploiting GenAI tools such as large language models (LLMs), voice cloning, and deepfakes to carry out increasingly sophisticated scams that are harder to detect and prevent.
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.
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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.
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.
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.
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.
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.
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