article thumbnail

Sumsub Academy Launched, Providing Expert-Led Fraud Prevention Courses

Fintech News

Sumsub has launched Sumsub Academy, an educational initiative aimed at empowering professionals in compliance, risk, and fraud prevention. A significant four-fold surge in deepfakes worldwide from 2023 to 2024 further underscores the increasing role of AI in fraud. Deepfakes now account for 7% of all fraud cases.

article thumbnail

Checkout.com and the Merchant Risk Council Deepen Partnership to Help Merchants Combat Security Risks, as Industry Fraud Rates Rise

Fintech Finance

Checkout.com , a leading global digital payments provider, today announced an extension to its partnership with the Merchant Risk Council (MRC), reinforcing a shared commitment to helping its members navigate the growing complexities of digital fraud and payment risk.

Risk 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Market First, Regulation Later? The American Open Banking Journey

Open Banking Excellence

An informant from the UK explained: “There is a wider information and education campaign that needs to continue to happen. The entire ecosystem needs to continue educating consumers on financial data security. The entire ecosystem needs to continue educating consumers on financial data security.”

article thumbnail

Security Awareness Training: What It Is, Its Importance & How to Implement It

Seon

Combining training with post-training tests promotes continuous education and improvement. Anti-fraud measures : Dedicated approaches to combate fincrime, such as fraud prevention solutions like SEON. Here’s how: Office and data hygiene improvements reduce the likelihood of data being compromised.

article thumbnail

Overcoming Accounting Problems: Your Friendly Guide

Nanonets

By establishing strong internal controls and segregation of duties, businesses can reduce the risk of  fraud  and unauthorized activities. Additionally, educating employees about fraud prevention and creating a culture of ethics and compliance can further mitigate the risk of fraudulent activities.