Articles with tag: synthetic id

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US Faster Payments Council publishes white paper focused on fraud prevention

31 Jul 2020 | Digital Identity, Security & Online Fraud

The US Faster Payments Council (FPC) has released its latest white paper, Examining Faster Payments Fraud Prevention. 

US Faster Payments Council, FPC, white paper, Examining Faster Payments Fraud Prevention, fraud schemes, identify theft, account takeover, synthetic identity, social engineering, Authorised Push Payment, faster payments environment, user experiences, cross-border payments

LexisNexis' study finds 7.3% increase in fraud costs for US retailers

22 Jul 2020 | Digital Identity, Security & Online Fraud

LexisNexis Risk Solutions has released its 11th annual LexisNexis Risk Solutions 2020 True Cost of Fraud Study: e-Commerce/Retail Edition. 

LexisNexis Risk Solutions, fraud, US, retailers, ecommerce, fraud attacks, retail, synthetic identities, risks

SEON exposes the cybercrime problem the UK is currently facing

30 Jun 2020 | Digital Identity, Security & Online Fraud

SEON has announced insight into the scale of the cybercrime problem UK SMEs face, estimating that there may be 6,500 preventable cybercrimes committed against UK SMEs every day. 

fraud fight, SEON, cybercrime, UK, US, SME, cybercriminals, fraud, hackers, ATO, phishing, merchants, data breaches, bot attacks, ID theft, synthetic ID fraud, PSD2, Open Banking, APAC

BioCatch's digital behavioural profiles now includes over 150 mln users

26 Jun 2020 | Digital Identity, Security & Online Fraud

BioCatch has revealed that its compilation of privacy-protected digital behavioural profiles now includes more than 150 million individual online banking users.

behavioural biometrics, BioCatch, online banking, cybercrime, fraud, potential risk, personally identifiable information, PII, synthetic identities, onboarding, account takeovers, social engineering scams

Jumio, AAMVA reveal biometric deduplication service to detect synthetic identity fraud

24 Jun 2020 | Digital Identity, Security & Online Fraud

Jumio has launched a new service for checking the data on submitted driver’s license to detect synthetic identity fraud.

Jumio, launch, biometrics, deduplication service, US, DMV group, fraud prevention, AAMVA, American Association of Motor Vehicle Administrators, facial biometric, verification, government, ID document, security, synthetic identity fraud

Payfone gets USD 100 mln investment fund led by Apax Digital

19 Jun 2020 | Digital Identity, Security & Online Fraud

Payfone has raised USD 100 million to acquire strategic assets, strengthen its ML capabilities, and build a cross-industry consortium to secure digital transactions and experiences. 

Payfone, investment, Apax Digital, ML, digital transactions, identity platform, financial institutions, security, onboarding, digital services, authentication, behavioural signals, SIM swap fraud, synthetic identities, spoofed calls

AU10TIX reveals a collaboration platform to fight synthetic identity fraud

21 May 2020 | Digital Identity, Security & Online Fraud

AU10TIX has launched INSTINCT, an autonomous and anonymous platform designed to unify the business community around global identity signals that can fight synthetic identity fraud. 

INSTINCT, AU10TIX, collaboration platform, fraud intelligence, synthetic identity fraud, ML, ID verification, identity risk, behaviours, criminal attempts, fraudulent ID credentials, CNP, onboarding, risk mitigation

BioCatch gets USD 145 mln funding to develop behavioural biometrics

16 Apr 2020 | Digital Identity, Security & Online Fraud

BioCatch, a global behavioural biometrics provider, has completed a USD 145 million Series C investment led by Bain Capital Tech Opportunities, the growth investing business of Bain Capital.

funding, investment, BioCatch, behavioural biometrics, synthetic identity fraud, cybersecurity, social engineering, account takeover

When onboarding goes overboard: How to counteract New Account Fraud

12 Feb 2020 | Digital Identity, Security & Online Fraud

Tim Ayling, buguroo, discusses why New Account Fraud is so attractive to fraudsters and how a solution founded in behavioral biometrics is the route to prevent it

Tim Ayling, buguroo, New Account Fraud, onboarding, fraud, accounts, digital banking, financial services, banks, threat intelligence, anti-fraud solutions, synthetic identities, ID documents, financial security, biometrics

New account risk assessment: Digital identities are the key

05 Feb 2020 | Digital Identity, Security & Online Fraud

Julie Conroy, research director at Aite Group, suggests that the idea that PII is still personal or private is an illusion, and explains why digital identities are the key
Fraud Prevention and Online Authentication Report 2019/2020

Julie Conroy, Aite Group, digital identities, PII, accounts, risk, banking, fraud, identity theft, synthetic identity fraud, data, dark web, behavioural biometrics, ML

Fighting fraudulent account opening

27 Jan 2020 | Digital Identity, Security & Online Fraud

The Paypers discussed with Jeff Wixted, VP of Marketing at Accertify, regarding the best practices in fighting fraudulent account opening

Jeff Wixted, Accertify, fraud, financial lending, credit card, banking, CNP, synthetic identity, PII, digital access, merchants, bot attacks, transactions, behavioural analytics, AO fraud, malware, spoofing detection

The Federal Reserve warns about synthetic identity fraud

11 Dec 2019 | Digital Identity, Security & Online Fraud

Fraud Prevention and Online Authentication Report 2019/2020 The Federal Reserve has issued warnings about synthetic identity fraud and is expected to release a report in early 2020 outlining ways that financial companies can mitigate the problem.

artificial intelligence, money laundering, AI, fraud prevention, fintech, fraud prevention, synthetic identity fraud, financial crime

Balancing UX with strong identity verification processes, crucial for businesses

28 Oct 2019 | Digital Identity, Security & Online Fraud

IDology has released a new fraud report revealing the critical need for businesses to balance the digital consumer experience with strong identity verification processes.

IDology, fraud report, consumer trust, synthetic ID, fraud threats, data breaches, security, synthetic identity fraud

Bad guys want your data – a short introduction to Account Takeover fraud

07 Aug 2019 | Expert Opinion

Everyone loves their smartphone. These devices are packed with loads of apps that enable us to enjoy increasingly convenient shopping and banking experiences, organise our daily activities, help us keep fit, entertain us, and more.

DataVisor, account take over, synthetic identity fraud, credit application fraud, data breaches, machine learning, AI, DataVisor Fraud Index Report Q2 2019

Case study: Emailage helps OFX expand internationally

12 Jul 2019 | Expert Opinion

Emailage reveal their story on how they helped the online money transfer platform OFX to combat synthetic ID fraud and further reach the global market

Emailage, OFX, international exchange, synthetic ID fraud, identity verification, fraud prevention

Travelling across different markets to see the global fraud trends

08 May 2019 | Expert Opinion

Amador Testa of Emailage shares his experience of travelling around the world and observing fraud trends in each country or region. It seems no matter the region, fraudsters are bolder than ever

fraud prevention, Emailage, Amador Testa, card fraud, synthetic ID

Onfido, IDValidation team up to tackle synthetic identity fraud

28 Mar 2019 | Digital Identity, Security & Online Fraud

Onfido has teamed up with IDValidation to enable businesses provide assurance that a user really is who they claim to be and to reduce the risk of synthetic identity fraud.

Onfido, IDValidation, synthetic identity fraud, identity verification, digital onboarding, AI, partnership, US, SSN verification

MO Tecnologías selects IdentityMind for secure onboarding of consumers in Mexico

15 Mar 2019 | Digital Identity, Security & Online Fraud

Microloan fintech MO Tecnologías has selected IdentityMind`s digital identity platform to automate secure onboarding of consumers in Mexico.

MO Tecnologías, IdentityMind, onboarding, digital identity, synthetic identity fraud, fintech

Online payment fraud losses to reach USD 48 bln by 2023

21 Nov 2018 | Digital Identity, Security & Online Fraud

Annual online payment fraud losses from ecommerce, airline ticketing, money transfer and banking services, will reach USD 48 billion by 2023, according to Juniper Research.

Juniper Research, study, data breaches, identity theft, online payment fraud, airline ticketing, money transfer, synthetic id, banking services

Why fraud attacks will become increasingly account-centric

12 Nov 2018 | Expert Opinion

As bad actors never quit their act, Amador Testa of Emailage explains the importance of implementing processes which address the continued rise of synthetic ID fraud.

machine learning, account fraud, synthetic ID, data breaches, ID, identity theft, retailers, Amador Testa, Emailage