Remove AI Remove Consumer Authentication Remove Identity Theft
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Is No-Factor Authentication Digital Security’s Future?

PYMNTS

Between synthetic ID fraud and good old-fashioned identity theft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

While skimming events can impact hundreds of unknowing individuals, criminals will also continue to target consumers through phishing, smishing, scams, and other tactics to obtain cardholder data that can be used for card-not-present fraud. Banks should deploy fraud checks prior to authorizing any purchase or payment transaction.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

From Australia to the UK to the USA, consumers and financial institutions are facing a scourge of authorized push payment (APP) and authorized user fraud. Good vs Evil: The Future of AI in Fraud Finally, the omni-present topic of artificial intelligence (AI) and machine learning (ML) was a hot topic of conversation among fraud fighters.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

To help prevent this kind of fraud before it impacts consumers, banks and other financial institutions (FIs) can use advanced technology like artificial intelligence and machine learning (AI/ML) as well as sophisticated capabilities like advanced decisioning and proactive customer communications. compared to a traditional fraud score.

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5 Scam Protections Customers Want from Their Bank

FICO

Financial institutions (FIs) can use new artificial intelligence (AI) models, machine learning (ML) tools, and scoring methods, including retail banking models with a scam detection score. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.