PYMNTS

JULY 9, 2020

Breaches like those experienced by Equifax in 2017 and Capital One in 2019 may have contributed to the high prevalence of identity thefts reported in 2019, with new data revealing that such attacks comprised 20.33 percent of all fraud reported in 2019. Read the full story in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange’s free platform, Compromised Identity Exchange Basic, gives online retailers the ability identify and prevent account takeover attempts by providing theft risk insight on the individual consumer level.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Data Breach 40

The Fintech Times

FEBRUARY 21, 2024

The need and desire for fraud protection has evolved. Once simply viewed as a necessary overhead, good fraud prevention measures are now a very strong way of obtaining new customers and keeping existing ones. Identity theft to open a new account is the top-ranked concern at 30 per cent.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

Fintech Review

JANUARY 21, 2025

By analysing transaction history and behaviour, AI enhances fraud prevention measures. Securing Digital Identities Digital identity verification is a cornerstone of fintech services. These technologies ensure that users are who they claim to be, reducing the risk of identity theft.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

Accertify

NOVEMBER 16, 2023

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. The post The Paypers Fraud Prevention in eCommerce 2023 – 2024: Keeping Fraudsters Out While Balancing a Seamless Customer UX first appeared on Accertify.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Scams 40

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster. Human Role.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. Deep Dive: How Banks Are Threatened With Identity Fraud.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Acquiring banks have a vested interest in helping their merchant clients stop eCommerce fraud, as it directly impacts the financial stability and reputation of both parties.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

PYMNTS

OCTOBER 22, 2018

With risk, of course, due to endemic identity theft concerns – but also with a lot of reward. They use their phones to order food and to decide what they eat before they order. They shop, pay bills, book and manage travel – all digitally.

Identity Theft 73

Identity Theft Crime Risk Consumer 73

PYMNTS

MAY 21, 2020

This fraud could account for up to $20 billion of the $660 billion program, although the Small Business Administration (SBA) said that it would not hold banks responsible for issuing fraudulent loans and would instead prosecute fraudsters itself. The identity theft rate in 2019 was 46.4 This accounted for 20.3 percent of 3.2

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

The Fintech Times

MARCH 6, 2024

However, bad actors have also been able to abuse the tech, and in 2024, 87 per cent of industry experts have acknowledged the tech could be used to drive fraud attempts according to a new SEON report. Some of these challenges include volume, cost, and complexities of fraud.

AI 59

AI Fraud Prevention Identity Theft Account Takeovers 59

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like….

Identity Theft 40

Identity Theft Rules Verification Accounts 40

The Payments Association

MARCH 14, 2025

These rules help prevent fraud, identity theft, and illicit transactions. 4) Payment approvals and restrictions Some MCCs are blocked or restricted by certain banks and payment processors due to high fraud risks or regulatory concerns. Reduce fraud exposure and chargeback liability.

Risk 88

Risk Disputes Processors Fraud Detection 88

FICO

MARCH 8, 2021

Continue reading to learn more and find out five ways to protect yourself from tax refund fraud. How do fraudsters commit tax refund fraud? How to protect yourself from tax refund fraud. With crimes like tax refund fraud, prevention is the best approach. Here are five simple steps you can take. File early.

Tax Refunds 52

Tax Refunds Identity Theft IRS Returns 52

PYMNTS

JUNE 22, 2020

company that develops technology to stop identity theft, has announced it will have a public offering of 1.5 For example, we have extended our technologies into online applications to provide enhanced safety, regulatory compliance and fraud prevention for the billions of transactions that occur online each day.

Regulatory Compliance 60

Regulatory Compliance Identity Theft Fraud Prevention Shutdown 60

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

PYMNTS

OCTOBER 12, 2020

Credit card fraud and identity theft volumes have both ballooned in recent months, and fraudsters have targeted in-store pickup as well, shooting fraud attempts up by 55 percent, according to one report. Shifting Payment Behaviors And Fraud .

Automation 79

Automation Fraud Prevention Identity Theft On-Demand 79

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

Finovate

JUNE 4, 2024

. “Trulioo is proud to partner with Mastercard and shares their dedication to industry-leading business verification and fraud prevention,” said Trulioo CEO Steve Munford. “As organizations navigate the complexities of the digital payments industry, fraud and business identity theft are constant threats.

Identity Theft 59

Identity Theft Visa Verification Fraud Prevention 59

Fintech News

JUNE 6, 2024

Strengthening Defences: Banks’ Strategies to Combat Scams and Fraud To combat this growing threat, banks in ASEAN are implementing a range of measures to strengthen their defences against scams and fraud.

Scams 107

Scams Phishing Deepfake Verification 107

The Paypers

NOVEMBER 7, 2018

(The Paypers) As per the Indiana Department of Revenue , identity theft prevention programs have helped halt the improper payments involving taxes in 2018.

Fraud Prevention 28

Fraud Prevention Identity Theft Payments 28

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

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

Finovate

MAY 10, 2024

Founded in 1980 and originally known for its consumer credit reporting, Experian has extensive access to data and has added fraud prevention offerings, identity theft protection, credit building tools, and a loan comparison marketplace.

Underserved 59

Underserved Consumer Identity Theft Underwriting 59

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Clearly Payments

JULY 16, 2024

Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2%

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

OCTOBER 19, 2018

As if that were not enough, Webster told about a man who managed to steal some 500 physical identities, in part, by assuming the personas of missing persons. Even his French accent was not enough to prevent him from working his way into the lives of people who were not French. Why Friction Is Needed.

Fraud Prevention 75

Fraud Prevention Law Enforcement Crime Best Practices 75

The Paypers

MARCH 8, 2017

(The Paypers) Assessing the fraud risk associated with an email addresses is an effective way to identify card-not-present fraud and identity theft

Risk Assessment 28

Risk Assessment Assessments Identity Theft Fraud Prevention 28

PYMNTS

JANUARY 23, 2020

The country’s Ministry of Consumer Affairs is considering regulations to curb the problem and bring these marketplaces in line with other eCommerce businesses, which currently follow a different set of fraud prevention regulations. is facing fraud problems as well.

Phishing 64

Phishing Data Breach Breach Scams 64

PYMNTS

AUGUST 29, 2019

However, there is no consistent way of measuring fraud, as many victims are either unaware that they have been defrauded or have a vested interest in keeping their victimization private for fear of scaring off customers. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

Account Takeovers 63

Account Takeovers Identity Theft Fraud Prevention Blockchain 63

Stax

JANUARY 28, 2025

Fraud and chargeback management: Click to Pay has built-in fraud prevention mechanisms like tokenization, cryptograms, and multi-factor authentication, but you still need a provider that offers additional security features like tools for analyzing transaction patterns to be able to detect and block suspicious activity in real time.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

The Fintech Times

MAY 21, 2024

million people) are classed as ‘digital ghosts’, lacking sufficient financial records to pass identity verification needed for accessing financial and government services, according to a new report. Despite this, identity fraud cost consumers $42.9billion last year. More than a third of Gen Z in the US (22.9

Verification 59

Verification Identity Theft Legal Financial Literacy 59

Core

FEBRUARY 6, 2024

Government fraud in payments can involve several practices, including: Altered documentation Embezzlement False billing Forgery Identity theft Kickbacks Unauthorized use of government accounts Unsubstantiated reimbursement Essentially, government fraud in payments encompasses any practice aimed at diverting public funds for unauthorized purposes.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

Fintech News

MAY 22, 2024

of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. In May, Fintech Global released its inaugural FinCrimeTech50 list, recognizing the world’s leading technology companies fighting money laundering, fraud and financial crime.

Financial Crimes 95

Financial Crimes Crime APACS Risk Assessment 95

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. These schemes range from tailored attacks against U.S.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83