Articles with tag: card fraud

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2021 prediction: non-EU credit card fraud will rise this year

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Jan 2021

With the PSD2 changes come new opportunities for fraudsters. And one tactic that Shahar Levy of Fraugster predicts will be on the rise in 2021 is the use of non-EU credit cards in the EEA

Fraugster, fraud prevention, PSD2, predictions, artificial intelligence, credit card fraud, online fraud

Identity fraud could be reaching a 'tipping point' in finance – study finds

News | Payments General | 01 Dec 2020

The impact of identity fraud could be reaching a ‘tipping point’ for industries like financial services, according to a new report from GBG, a provider of identity intelligence solutions.

GBG, identity fraud, banks, payments, digitalisation, COVID-19, e-transfer fraud, debit card fraud, phishing attacks, study

Carding Action operation prevents EUR 40 mln in losses due to payment card scam

News | Digital Identity, Security & Online Fraud | 27 Nov 2020

Carding Action 2020 has prevented approximately EUR 40 million in losses due to payment card scam.

Europol, fraud prevention, card fraud, Carding Action 2020, payment card scam, law enforcement, credit card data

Inside the business of cybercrime – exclusive interview with Jonathan Lusthaus, RiskConnect speaker

Interviews | Digital Identity, Security & Online Fraud | 29 Oct 2020

Ahead of RiskConnect 2020 edition, The Paypers sat with Jonathan Lusthaus, Director of The Human Cybercriminal Project at the Extra-Legal Governance Institute, University of Oxford to discuss the ‘human’ side of profit-driven cybercrime and learn about cybercrime markets

RiskConnect, Human Cybercriminal Project, Oxford University, cybercrime, Web Shield, risk, compliance, cybercriminals, fraud, money laundering, scams, malware, banking fraud, credit card fraud

Behavioural biometrics: The missing ingredient in 3-D Secure fraud detection

Voice of the Industry | Digital Identity, Security & Online Fraud | 12 Oct 2020

Tim Ayling, VP EMEA, buguroo, discusses the benefits of cyber profile-based customer authentication to block fraudulent card-not-present ecommerce transactions

Tim Ayling, buguroo, 3-D Secure, 3DS, authentication, CNP, ecommerce, fraud, biometrics, safety, security, cybersecurity, transactions, data, card, card fraud, verification

Europe's card fraud value hits EUR 1.55 billion

News | Digital Identity, Security & Online Fraud | 06 Oct 2020

Data presented by Buy Shares has indicated that Europe’s card fraud value has hit EUR 1.55 billion with the UK accounting for almost half at 45.36%.

card fraud, fraud losses, CNP fraud, cybercrime, report

AusPayNet research shows sharp decline in card fraud in 2019

News | Digital Identity, Security & Online Fraud | 14 Aug 2020

Australian Payments Network (AusPayNet) has revealed a 19.5% decline in card fraud in 2019, the biggest decline since fraud data was first published.

Australian Payments Network, AusPayNet, decline in card fraud, card fraud, cards, card-not-present, CNP fraud, online transactions, CNP Fraud Mitigation Framework, card details, counterfeit, skimming fraud, payment scams, payments fraud

Ravelin secures Series C funding to continue growth in new markets

News | Digital Identity, Security & Online Fraud | 15 Jul 2020

Fraud detection company Ravelin has announced the raise of USD 20 million in a Series C funding round.

Ravelin, machine learning, graph network technologies, marketplaces, fraudulent accounts, Fiserv, Fraud Detect, machine learning, ecommerce, card fraud, Account Takeover, Ravelin Accept, PDS2

96 percent of consumers are concerned about fraud, but over a third accept it's 'inevitable'

News | Digital Identity, Security & Online Fraud | 05 May 2020

A Marqeta survey of over 4,000 consumers has revealed that 96% of UK respondents have concerns about fraud, while 42% accept fraud as a cost of living in an increasingly digital economy.

Marqeta, survey, report, fraud, account fraud, card fraud

Arkose Labs Raises USD 22 mln for anti-fraud platform development

News | Digital Identity, Security & Online Fraud | 25 Mar 2020

Online fraud and abuse prevention startup Arkose Labs has raised USD 22 million in a Series B financing led by Microsoft’s venture fund, M12.

Arkose Labs, anti-fraud platform, revenue, financing, fraud, bad actors, account takeover, abuse, scraping, card fraud

Credit card frauds top the list of US identity theft crimes

News | Digital Identity, Security & Online Fraud | 09 Mar 2020

More than 9 million Americans have their identities stolen each year, with many US citizens still unable how to protect their sensitive information.

study, card fraud, identity theft, US, credit card fraud

Advanced Fraud Solutions adds new functionalities to its platform

News | Digital Identity, Security & Online Fraud | 12 Feb 2020

Advanced Fraud Solutions (AFS), a provider of deposit fraud detection software, has announced updates to the TrueCards platform.

banks, credit unions, card fraud, US, fraud prevention, card fraud prevention, Advanced Fraud Solutions, AFS

Bonus abuse the number one fraud in iGaming in 2019, report finds

News | Digital Identity, Security & Online Fraud | 06 Feb 2020

The iovation’s 2020 iGaming Report has revealed that bonus abuse was the number one reported fraud by iovation’s iGaming customers for the third year in a row, rising 72% from 2018 to 2019.

gambling, igaming, bonus abuse, fraud, credit card fraud

iovation research: bonus abuse, credit card fraud, and self-exclusion are on the rise

News | Digital Identity, Security & Online Fraud | 31 Jan 2020

iovation has released its 2020 iGaming Report, which analyses more than four billion global online gambling transactions the company screened for fraud indicators over the past 15 years.

online gambling, scams, regulatory, iovation, bonus abuse, credit card, fraud, self-exclusion, card fraud, mobile transactions

Australia: card fraud down but shoppers urged not to be complacent over Xmas

News | Digital Identity, Security & Online Fraud | 18 Dec 2019

Media Release - Latest figures show card fraud down but shoppers urged not to be complacent over Xmas Australian Payments Network (AusPayNet) has urged Christmas shoppers and retailers against complacency as the latest industry data shows a decline in card fraud.

fraud prevention, card fraud, contactless payments, tokenisation, EMV 3 D Secure, Australia, payments, Christmas, AusPayNet

FICO's Fraud Map reveals GBP 671 mln card fraud losses in UK 2018

News | Digital Identity, Security & Online Fraud | 09 Dec 2019

Analytics software company FICO has unveiled its annual interactive European Fraud Map, showing that card fraud losses in UK hit GBP 671 million in 2018.

FICO, fraud map, UK, card fraud, fraud losses, fraud mitigation, accounts, money laundering, banks, threats, stolen data

USD 27.85 bln losses reached in payment card fraud

News | Digital Identity, Security & Online Fraud | 22 Nov 2019

A Nilson Report has found that fraud losses worldwide reached USD 27.85 billion in 2018, and are projected to rise to USD 35.67 billion in five years.

payments, card fraud, fraud losses, fraudulent activities, cardholders, merchants, acquirers, ATM, card payments

Exclusive interview with Volt on the way Open Banking will impact European payments

Interviews | Interviews | 09 Oct 2019

Tom Greenwood, CEO at VOLT Open Banking, shares his insights on the perspective impact that Open Banking will have on the payments industry

Volt, Volt Open Banking, Tom Greenwood, payments, Open Banking Report, The Paypers, PSD2, SCA, strong customet authentication, SCA compliance, card fraud, banking, IP fraud, payments settlement

RHB Bank launches 3 digit security codes to fight card fraud

News | Digital Identity, Security & Online Fraud | 23 Jul 2019

RHB has unveiled its fraud prevention tech for their card users, which generates dynamic card verification value security code on an e-paper mini-screen at the back of the card.

RHB Bank, launch, 3 digit security, card fraud, CVV, fraud prevention, dynamic card verification, security code, partnership, Visa, IDEMIA, credit card, debit card

Young Living, Kounts partnership to protect ecommerce across international markets

News | Digital Identity, Security & Online Fraud | 12 Jun 2019

Young Living Essential Oils and Kount have announced that their partnership has reduced chargeback rates, reaching an under 0.01% rate.

Young Living, partnership, Kount, digital commerce, international markets, ecommerce, fraud, expansion, chargeback, credit card fraud, ML, analytics, fraud prevention, payments