Remove Fraud Prevention Remove Identity Theft Remove Scams
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Sumsub Launches Australia DVS Verification for Secure ID Checks

Fintech News

Additionally, it enhances fraud prevention by identifying data inconsistencies, helping to reduce identity theft and fraudulent account creation. A recent initiative, the Scam Prevention Framework, aims to enforce stricter safeguards, introducing penalties of up to US$50 million for non-compliance.

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

Fintech News

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in scams and fraud activities. DBS isn’t the only bank making news for phishing scams. US$129,841). Losses exceeded S$13 million (US$9.59 Losses exceeded S$13 million (US$9.59

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From account takeover to pig butchering: What SARs data reveals about fraud in 2025

BioCatch

Over the years, I witnessed firsthand the explosion of these crimes, evolving from simple credit card fraud to highly sophisticated global operations. As a retired U.S. Recent data and case studies underscore the alarming trajectory of these crimes, necessitating heightened vigilance and proactive measures.

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Enfuce Challenges the Global Payments Industry to Go Beyond Compliance With Launch of Fortitude Pledge

Fintech Finance

Powered by AI and advanced technology, they’re automating scams and exploiting weaknesses across the digital payment landscape at an alarming pace. Card identity theft losses have increased by 200% since 2021 (1) and human trafficking alone has become a nearly £400 billion industry (2).

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The Paypers Fraud Prevention in eCommerce 2023 – 2024: Keeping Fraudsters Out While Balancing a Seamless Customer UX

Accertify

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.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

Stopping Scams with Artificial Intelligence and Machine Learning. Artificial intelligence and machine learning models can help banks stop scams, prevent losses to fraudsters and improve customer experience. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing.

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How PNC Is Fighting Pandemic-Fueled Financial Crime

PYMNTS

The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.