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Adyen: UK retail sector loses GBP 11.3 bln to payment fraud yearly

News | Digital Identity, Security & Online Fraud | 09 Apr 2024

Adyen and the Centre for Economic Business and Research have reported that over a third of UK retail businesses lost on average GBP 1.4 mln each to fraud in 2023.

payment fraud, cybercrime, retail, research, PSD3

ID fraud to surge by 2025

News | Digital Identity, Security & Online Fraud | 13 Mar 2024

UK-based database operator Synectics Solutions has uncovered new research indicating that ID fraud represents the most prominent fraud type reported by banks.

identity theft, identity verification, identity fraud, banks, financial institutions

Loyalty fraud in the airline industry – key insights and specificities

Voice of the Industry | Digital Identity, Security & Online Fraud | 01 Mar 2024

Michael Smith, board advisor at Airline Information, dives into the intricacies of loyalty fraud in the airline industry.

fraud management, fraud detection, loyalty programme, account takeover, fraud prevention

South African mobile operators combat fraud with GSMA initiative

News | Digital Identity, Security & Online Fraud | 23 Feb 2024

Telecommunications operators Cell C, MTN, and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.

API, fraud prevention, digital identity, cybercrime, cybersecurity

The evolution of romantic scams and why people still fall victims to them

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Feb 2024

Irina Ionescu shows us how, in the ever-evolving landscape of cyber deception, technology serves as the catalyst for romantic scams, intricately weaving false personas to exploit unsuspecting vulnerabilities. 

cybercrime, romantic scam, financial crime, data protection, online fraud, fraud detection, fraud management, fraud prevention, ecommerce, artificial intelligence, generative AI, LLM

Unmasking the top ten fraud types against merchants

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 Jan 2024

Úna Dillon, VP of Advocacy at the MRC, discusses the most common ten types of fraud merchants experienced in 2023 and what they should expect for the following year. 

fraud prevention, ecommerce, merchants, merchant fraud, cybercrime, chargebacks, first-party misuse, identity theft, phishing, refund fraud, account takeover, bot attacks

CoinsPaid hit by USD 7.5 million cryptocurrency breach

News | Cryptocurrencies | 08 Jan 2024

Cryptocurrency payment gateway CoinsPaid has encountered its second security breach within a span of six months.

cryptocurrency, digital assets, hacking, cybersecurity

Britain lands at the top of global identity theft

News | Payments General | 16 Nov 2023

Adyen, global financial technology company, has published a survey with a global ranking of countries most at risk of identity theft. 

Account fraud, identity theft, identity fraud, digital payments, survey

Trulioo global survey finds 79% of companies experience business identity theft

News | Digital Identity, Security & Online Fraud | 09 Oct 2023

Trulioo, a global identity verification platform, has announced new research showing that 79% of responding organisations have experienced defrauding, extorting or stealing money. 

identity verification, identity fraud, fraud detection, fraud management, KYC, KYB

Westpac: More young Australians being exploited online

News | Digital Identity, Security & Online Fraud | 04 Sep 2023

Australia-based bank Westpac has released new data which shows the number of reported scams from different age groups of Australians.

banking, fraud prevention, scam, online fraud, social engineering, identity fraud

Coincover raises USD 30 million to protect the crypto ecosystem

News | Cryptocurrencies | 13 Feb 2023

UK-based fintech Coincover has raised USD 30 million and plans to use the funds to improve its digital asset protection capabilities.

funding, cybersecurity, digital assets, cryptocurrency, online security

PayPal augments payments security with Passkeys

News | Digital Identity, Security & Online Fraud | 25 Oct 2022

PayPal has added passkeys as an easy and secure log in method for PayPal accounts, removing checkout friction for merchants.

online authentication, PayPal, Apple, fraud prevention, checkout optimisation

Kontempo raises USD 30 mln in seed round

News | Online Payments | 09 Aug 2022

Kontempo, a US-based startup offering BNPL, has raised a USD 30 million seed round in a mix of equity (USD 6.5 million) and debt (USD 25 million).

funding, B2B payments, BNPL, startup, merchants

Enabling fraud prevention with advances in biometrics and Liveness detection

Voice of the Industry | Digital Identity, Security & Online Fraud | 05 Aug 2022

Advances in biometrics and Liveness detection enable fraud prevention while building confidence to reduce friction for ‘good’ consumers. Jay Meier, SVP of North American Operations from FaceTec, reveals more.

digital identity, digital onboarding, fraud prevention, biometric authentication, identity verification

How donation fraudsters are exploiting payment loopholes to scam amid the ongoing Ukraine crisis

Voice of the Industry | Digital Identity, Security & Online Fraud | 12 Apr 2022

James Greening, Chief Editor at ScamAdviser.com, comments on the various ways fraudsters’ can take advantage of the ongoing Ukraine war and payment loopholes to gain illicit access to funds

Stopping the growth of identity fraud

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 Mar 2022

Tom O’Malley, founder of Frozen Pii, talks about the importance of implementing the latest fraud solutions to fight cybercrime and protect customers’ personal data

fraud management, fraud detection, online fraud, Account fraud, account takeover, identity fraud, identity theft

Fraud prevention in 2022: strategies for a frictionless online experience

Voice of the Industry | Digital Identity, Security & Online Fraud | 28 Jan 2022

Alasdair Rambaud, Head of Fraud at Ping Identity talks about the latest innovations in fraud prevention and how businesses can turn online shopping into a safe, frictionless experience

fraud management, fraud detection, online fraud, ecommerce, online security, 3-D Secure, Account fraud

New scamming approach to grow exponentially during holidays

News | Digital Identity, Security & Online Fraud | 17 Dec 2021

New research from fraud experts, Arkose Labs, has revealed that there were over two billion Credential Stuffing attacks during 2021.

cybersecurity, online fraud, research, financial crime

The rise of RiskOps in 2022

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Dec 2021

Ken Jochims, Director of Product Marketing at Revelock, a Feedzai company, discusses how the increasing complexity of digital fraud trends will give rise to ‘RiskOps’ – risk management through a multi-layered approach to fraud – next year

digital banking, online fraud, mobile banking, cybercrime, social engineering

How fraudulent activity can be detected before the checkout

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

Alasdair Rambaud, CEO of SecuredTouch, a Ping Identity company, explains what is happening in the market and how merchants can protect themselves from fraudulent activities before the checkout 

merchants, fraud prevention, ecommerce, online fraud, bot attacks, biometric authentication