PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. Businesses therefore must balance ease of use and security concerns when deploying fraud protection technologies.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

PYMNTS

FEBRUARY 21, 2020

Criminals might use faked credentials to sign up for monthly purchasing plans, gain services for 30 days, and then vanish once the first bill arrives. Business identity theft is used to launch everything from purchasing plan scams to tax and credit card application fraud, and it caused an estimated $137 million in damages in 2017.

B2B 61

B2B Scams Credential B2C 61

Seon

JANUARY 29, 2024

What Is Account Takeover Fraud? 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.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. Fraud transaction monitoring’s scope is narrow.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. A Multi-Layered Fraud Approach Critical To Consumer Data Protection.

AI 53

AI Identity Theft Authentication Verification 53

PYMNTS

JUNE 3, 2020

That’s especially important as criminals seek to use eCommerce to commit what might be termed “authorized fraud” as bad actors get hold of card details or log-in credentials, pose as legitimate account holders and send payments. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

FICO

MAY 19, 2021

As pressure on the bottom line persists in 2021, it pays to put more focus on first-party fraud and take decisive action now. Why First-Party Fraud Can Be Easily Missed. Traditional third-party fraud entails some form of impersonation or stolen identity, whether through stolen card credentials or someone taking over your identity.

Cross-Border 52

Cross-Border Crime Credential Money Laundering 52

PYMNTS

SEPTEMBER 18, 2017

The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced? .

Breach 46

Breach Identity Theft Credential Authentication 46

FICO

MAY 19, 2021

As pressure on the bottom line persists in 2021, it pays to put more focus on first-party fraud and take decisive action now. Why First-Party Fraud Can Be Easily Missed. Traditional third-party fraud entails some form of impersonation, whether through stolen card credentials or someone taking over your identity.

Cross-Border 52

Cross-Border Crime Money Laundering Credential 52

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Fraudsters may do this by impersonating the organization’s CEO (check out the CEO fraud section below to learn more about this).

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

MARCH 29, 2018

It’s one thing to confirm that a consumer is who he says he is, but it’s an entirely different matter to ensure that consumer is authorized to use the account, payments credentials or profile data he is presenting — and to verify that usage is in pursuit of a legitimate business purpose. Smart Compliance for Stronger Digital Profiles.

Authentication 43

Authentication Risk Compliance Database 43

Seon

JUNE 21, 2023

Those people can be enticed by the offer of a VCC and ultimately tricked into providing their financial information, leading to cases of phishing and/or identity theft. Some corrupt websites claim to offer the generation of a VCC to innocent cardholders searching the internet for an alternative to physical credit cards.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Segpay

DECEMBER 19, 2024

With growing concerns around data breaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. Onfido focuses on document and biometric verification, leveraging AI for scalability, fraud detection, and seamless onboarding.

Verification 104

Verification Authentication MFA Compliance 104