PYMNTS

SEPTEMBER 23, 2020

The September Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of identity fraud, the onboarding and artificial intelligence (AI) systems used to curb it and how the COVID-19 pandemic is effecting fraud techniques as well as financial crime prevention efforts.

Identity Theft 83

Identity Theft Financial Crimes Technology Crime 83

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster. Human Role.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Accertify

NOVEMBER 16, 2023

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. It discusses the most common, yet ever-evolving types of fraud, including chargebacks, scams, and account takeover (ATO), with their latest developments.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Scams 40

PYMNTS

JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. Machine learning applies AI to take up-to-date data to help improve upon an experience without any human interaction.

Bots 78

Bots AI Fraud Detection Fraud Prevention 78

PYMNTS

MAY 21, 2020

Artificial intelligence (AI) and machine learning (ML) can analyze the thousands of transactions banks process each day in real time, and employee education efforts are proving effective in preventing deception via phishing emails or other social engineering techniques. The identity theft rate in 2019 was 46.4

Financial Crimes 52

Financial Crimes Crime Identity Theft Federal Trade Commission 52

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

PYMNTS

JANUARY 16, 2020

The platform now offers real-time authentication, as well as fraud detection tools that examine voice and other biometric factors. RVShare Uses AI, Machine Learning To Preserve Owner And Renter Trust. To learn more about how RVShare is using AI for greater trust, visit the Tracker’s feature story.

AI 53

AI Identity Theft Authentication Verification 53

Fintech News

JUNE 6, 2024

Strengthening Defences: Banks’ Strategies to Combat Scams and Fraud To combat this growing threat, banks in ASEAN are implementing a range of measures to strengthen their defences against scams and fraud. Losses exceeded S$13 million (US$9.59

Scams 109

Scams Phishing Deepfake Verification 109

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

Fintech News

MAY 22, 2024

of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. In May, Fintech Global released its inaugural FinCrimeTech50 list, recognizing the world’s leading technology companies fighting money laundering, fraud and financial crime. Transparently.AI

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

Seon

SEPTEMBER 11, 2023

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. Various industries rely on AI and ML to quickly categorize data, for example, which can help companies more easily determine whether consumers’ transactions or accounts are legitimate.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

The Fintech Times

FEBRUARY 23, 2024

Deepfakes and threats of AI Such activity could lead to identity theft, which IDnow believes should be a concern to the UK public, especially given the rise in deepfake technology. Developments in generative artificial intelligence (AI) mean deepfake technology can now be used to create hyper-realistic fake documents.

Continuity 69

Continuity Deepfake Risk Smishing 69

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement.

FTC 53

FTC Fed Federal Trade Commission Identity Theft 53

PYMNTS

JUNE 22, 2017

In Episode Two, Madhu and Webster talked about different kinds of artificial intelligence (AI) and how each is equipped to handle certain kinds of jobs. For fraud prevention, an AI with linear pattern recognition is more useful.

Fraud Prevention 65

Fraud Prevention AI Social Security Adjustments 65

PYMNTS

JUNE 13, 2019

More businesses are adopting artificial intelligence (AI) and other technology to fight fraud. According to the AI Innovation Playbook , 63.6 percent of FIs believe AI is an effective tool for stopping fraud before it happens, and 80 percent of fraud specialists using AI believe the technology could reduce payments fraud.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

PYMNTS

FEBRUARY 13, 2020

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. .

Authentication 98

Authentication Bots Identity Theft Mitigation 98

Seon

JULY 10, 2024

These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Fraud transaction monitoring’s scope is narrow. In addition, these technologies adapt to new fraud patterns and improve detection accuracy over time.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Finovate

APRIL 11, 2024

AI-powered fraud and risk platform DataVisor has teamed up with identity verification innovator Mitek. It also streamlines the experience for our customers, eliminating the need to engage with multiple solutions in silo and therefore can address different fraud challenges more effectively with a centralized, holistic view.”

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

Finovate

AUGUST 14, 2024

The battle against fraud is a never-ending one. From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. Johnny Ayers is Socure’s founder and CEO.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Online and Mobile Banking 49

Online and Mobile Banking Cross-Border Federal Trade Commission Fraud Prevention 49

FICO

JULY 26, 2018

In a recent blog post we explored the underlying concepts behind machine learning and its tremendous benefits in fighting application fraud. Since then, I had the opportunity to speak with one of FICO’s principal scientists, Derek Dempsey , who shared how AI and machine learning are solving problems in application fraud.

AI 45

AI Fraud Detection Rules Identity Theft 45

Fraud.net

FEBRUARY 27, 2024

underscores the need for traditional controls with AI decisioning. An incident involving an HK company and a fraudulent payment of $25.6M

AI 52

AI Payments Identity Theft Fraud Detection 52

Fraud.net

JANUARY 19, 2024

Learn the best BNPL risk management challenges, fraud prevention strategies, real-time monitoring, advanced solutions and more.

Risk Management 52

Risk Management BNPL Risk Fraud Prevention 52

Fraud.net

MARCH 29, 2024

Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.

Fraud Detection 52

Fraud Detection Fraud Prevention Identity Theft Account Takeovers 52

FICO

JUNE 20, 2018

In a recent blog post , I discussed how FICO is fighting application fraud by leveraging artificial intelligence (AI) and machine learning in fraud detection, including an overview of supervised, unsupervised, and adaptive analytics techniques and the need to balance transparency (explainable AI) with predictiveness.

Fraud Detection 55

Fraud Detection Identity Theft AI Fraud Prevention 55

FICO

NOVEMBER 30, 2022

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. Debbie holds a B.A.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. Fraud prevention and detection The first step is to install advanced fraud detection systems in your overall technology infrastructure. Be aware of the latest news and trends in data, cyber security, and fraud.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

DECEMBER 23, 2019

More insidious and much harder to track, Townsley-Solis told Webster, is synthetic ID fraud. In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

Nanonets

MAY 31, 2023

Common examples of external payment fraud include: Impersonation: Fraudsters pose as legitimate customers or vendors to deceive organizations into making unauthorized payments. million individuals in the United States fell victim to identity theft in 2021. According to the Federal Trade Commission, USA, over 1.4

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Stax

APRIL 30, 2024

It uses AI and machine learning to identify fraudulent behavior and reduce the risk of scams, protecting your overall revenue. The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft. Features: Checkout optimization to increase customer conversions.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

FICO

MAY 3, 2023

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. Debbie has 25 years product management and product marketing experience in fraud management and financial services. Debbie holds a B.A.

Scams 10

Scams RTP Fraud Detection Real Time Payments 10