Segpay

NOVEMBER 26, 2024

Leveraging technologies like artificial intelligence (AI) and machine learning (ML) can enhance the accuracy of identity verification and fraud detection. The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Fi911

JANUARY 18, 2024

That said, here are some of the most common types of third-party fraud. To combat third-party fraud effectively, banks should take several proactive measures to protect both their customers and their own financial systems. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 93

Account Takeovers MFA Fraud Detection Credit Cards 93

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

Seon

SEPTEMBER 11, 2023

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Seon

JANUARY 29, 2024

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

Segpay

DECEMBER 19, 2024

Instead of managing identity infrastructure in-house, businesses can leverage third-party identity providers that specialize in identity management, centralizing their user identities. Jumio (Austria, UK) Jumio is a global leader in identity verification with European offices in Austria and London.

Verification 104

Verification Authentication MFA Compliance 104