Articles with tag like: online fraud

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Sumsub invests USD 1 mln in software development

News | Digital Identity, Security & Online Fraud | 31 Mar 2021

Sumsub, a startup that helps companies fight money laundering and online fraud, has invested over USD 1 million in software development.

digital onboarding, product launch, startup, money laundering, online fraud, identity verification, digital banking, API, deep fake, biometrics

Popular messaging app is a buffet for bad actors: a new scheme has fraudsters feasting on Telegram forums

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 Mar 2021

Sift Trust and Safety Architects discover a brazen fraud scheme on the popular messaging app, Telegram, targeting restaurant and food-delivery services. Brittany Allen has more insights into this scam

Sift, fraud prevention, online fraud, delivery, dark web

Fraud attacks skyrocketed in 2020, Feedzai report

News | Digital Identity, Security & Online Fraud | 04 Mar 2021

Cloud-based risk management platform Feedzai has announced its Financial Crime Report Q1, 2021

Feedzai, online banking, financial crime, digital banking, online fraud

Revolut, GBG join forces to stop online fraud

News | Digital Identity, Security & Online Fraud | 02 Mar 2021

Revolut has announced it is working with GBG to tackle the rise of online fraud and promote the adoption of digital services through customer onboarding solutions, including KYC and AML.

Revolut, GBG, KYC, AML, online fraud, bank account

Featurespace reveals behavioural networks for account takeover and payments fraud protection

News | Digital Identity, Security & Online Fraud | 26 Feb 2021

Featurespace has unveiled ‘Automated Deep Behavioral Networks’ for the card and payments industry, Business Wire reports.

Featurespace, product launch, account takeover, machine learning, online fraud

BaFin warns about false Twitter account used in its name

News | Digital Identity, Security & Online Fraud | 09 Feb 2021

The German Federal Financial Supervisory Authority (BaFin) has learned that a fake account is being used under its name at the news service Twitter, according to an official statement

Germany, BaFin, online fraud, Twitter, false account, banks, financial institutions, LinkedIn

Hidden frauds that translate into marketplace losses

Voice of the Industry | Digital Identity, Security & Online Fraud | 04 Feb 2021

Jeremy Gottschalk of Marketplace Risk presents the variables that explain the increase in marketplace fraud and types of fraud that have proliferated during the pandemic

Marketplace risk, online fraud, ecommerce, sharing economy, money laundering

Shopping Cart Elite, Signifyd join forces to combat ecommerce fraud

News | Digital Identity, Security & Online Fraud | 26 Jan 2021

Shopping Cart Elite (SCE) has partnered with Signifyd’s commerce protection expertise to help ecommerce businesses around the world eliminate fraud.

Shopping Cart Elite, Signifyd, partnership, ecommerce, online fraud, consumer abuse, consumer behaviour, online shopping

Tackling fraud challenges in ecommerce

Voice of the Industry | Digital Identity, Security & Online Fraud | 26 Jan 2021

Fraud Prevention in Ecommerce Report 2020 / 2021

Patrick Finnigan of Dunkin’ Brands shares best practices on how ecommerce businesses can meet their fraud challenges while increasing their revenue, expand digital enablement, and drive customer loyalty

ecommerce, QSR, merchants, fraud prevention, online fraud, gift card fraud

Are risk and fraud management easy tasks for marketplaces?

Voice of the Industry | Digital Identity, Security & Online Fraud | 25 Jan 2021

Masha Cilliers, Specialist Partner at Be | Shaping the Future, elaborates on managing risk exposure, protecting against online fraud, and other challenges that marketplaces might face

Masha Cilliers, Be Shaping the Future, Marketplaces, risk management, online fraud, checkout, retailers, ecommerce, KYC, customer onboarding, merchants

Airtel Payments Bank reveals new feature to protect against online payment fraud

News | Digital Identity, Security & Online Fraud | 21 Jan 2021

Airtel Payments Bank has launched 'Airtel Safe Pay’, in a bid to protect customers from online payment frauds.

Airtel Payments Bank, product launch, Aritel Safe Pay, online fraud, merchants, retailers, phishing, phone cloning

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

Global fraud is on the rise, with the US leading in fraud attempts, Veriff finds

News | Digital Identity, Security & Online Fraud | 22 Dec 2020

The 2020 Fraud Report by Veriff  has revealed the US experienced more fraud attempts than anywhere else in the world, with increased fraud attempts as a result of the COVID-19 pandemic in the fintech, mobility and crypto sectors.

Veriff, fraud prevention, online fraud, report, identity theft, fintech, mobility

About fraud and Strong Customer Authentication – old challenges, new patterns

Voice of the Industry | Digital Identity, Security & Online Fraud | 17 Dec 2020

Fraud Prevention in Ecommerce Report 2020 / 2021

Elena Emelyanova, Senior Payments and Fraud Manager at Wargaming, details the SCA’s challenges for the gaming industry, and the emerging patterns of fraud

Wargaming, fraud prevention, ecommerce, gaming, SCA, PSD2, online fraud, security

Global new account fraud rates fell by 23 percent in 2020, in UK climbed 28 percent

News | Digital Identity, Security & Online Fraud | 16 Dec 2020

A Jumio research has found that while global new account fraud rates fell by 23% in 2020, but fraud rates in the UK climbed 28%.

Jumio, report, study, customer onboarding, identity verification, New Account Fraud, financial crime, digital identity, online fraud

Nuvei joins Forter's global network of merchants to fight online fraud

News | Digital Identity, Security & Online Fraud | 10 Dec 2020

Forter has announced that Nuvei will be joining its global network of merchants and banks to fight online fraud and approve more legitimate customers instantaneously.

Forter, Nuvei , fraud prevention, alternative payment methods, 3D Secure, SCA, merchants, online fraud, false positives

AusPayNet figures show decline in payment card transactions fraud

News | Digital Identity, Security & Online Fraud | 02 Dec 2020

Figures released by the industry self-regulatory body Australian Payments Network (AusPayNet) have showed fraud on payment card transactions declined 15.4% in the 12 months to 30 June 2020.

report, study, Australian Payment Network, CNP fraud, online fraud, ecommerce

South African authorities warn about risks associated with EFT payments

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

The South African Reserve Bank (SARB) has issued a warning to consumers to be aware of the risks associated with the use of instant electronic funds transfer (EFT) payment services offered at ecommerce stores.

South Africa, EFT payments, online payments, ecommerce, security, online fraud, screen scraping

Home Depot reaches USD 17.5 mln settlement of 2014 breach lawsuit

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

The Home Depot has reached a USD 17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers.

Home Depot, retail, data breach, security, online fraud

buguroo rolls out Policy Manager for fraud prevention

News | Digital Identity, Security & Online Fraud | 17 Nov 2020

Customer identification solutions provider specialised in preventing online fraud for the financial sector, buguroo, has announced the launch of Policy Manager.

buguroo, PolicyManager, fraud prevention, online fraud, financial sector, policy manager, customer identification, fraudster, Fraudster Hunter, fraud analyst