Fintech Finance

JULY 7, 2025

Many European jurisdictions still operate under legacy regulatory regimes for property transactions, often requiring physical paperwork, wet signatures, and face-to-face identity verification.

Multi-Currency 52

Multi-Currency Identity Theft Cross-Border Payments 52

PYMNTS

OCTOBER 7, 2020

These bad actors are tapping everything from tried and true phishing schemes to tailored identity theft to scrape data from these digital sites, and not properly protecting against these efforts can lead to significant strain. Deep Dive: Why FIs, Businesse s Must Upgrade Email Verification To Keep Fraud At Bay.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. Securing Digital Identities Digital identity verification is a cornerstone of fintech services. These technologies ensure that users are who they claim to be, reducing the risk of identity theft.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

FEBRUARY 19, 2019

What’s more, fraudsters are getting smarter, building out identities and initiating money transactions that are made to appear as legitimate as possible before making their move. With fraudsters getting bolder, banks, retailers and consumers are recognizing that stronger verification is now a necessity. Around the Digital Fraud World.

Identity Theft 63

Identity Theft Data Breach Breach Verification 63

The Payments Association

JUNE 11, 2025

To keep up, organisations need to move away from simple, KYC-focused verification and towards a proactive, multi-layered approach." This sustained volume of fraud is eroding confidence among UK businesses, with 57% of businesses reporting increased fraud losses, as trust in existing customer verification methods falls from 83% to 68%.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fintech News

JANUARY 17, 2024

The battle against fraud and identity theft has taken on new dimensions and complexities in today’s increasingly digital world. This article will delve into the key trends shaping the fraud and identity landscape 2024, drawing insights from various sources, including SumSub, LexisNexis Risk Solution, Feedzai and Jumio.

Deepfake 125

Deepfake APACS Scams Authentication 125

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Finally, AI tools also have applications in identity verification.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

Segpay

FEBRUARY 21, 2024

ID Verification Generative AI plays a crucial role in identity verification by incorporating advanced biometric authentication methods. Analyzing patterns and anomalies identifies potential risks associated with identity theft or fraudulent activities.

AI 105

AI Innovation Fraud Detection Encryption 105

Fi911

JANUARY 18, 2024

They demonstrate the diverse methods and strategies employed by fraudsters to exploit individuals and financial institutions for their own gain: Identity Theft A criminal steals an individual’s personal information, such as Social Security number, bank account details, or credit card information, and uses it to impersonate the victim.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

Clearly Payments

JULY 16, 2024

Phishing and Social Engineering: Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks. The travel industry saw a 44% increase in phishing attacks in 2023.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

MARCH 29, 2019

Upon verification, I was shocked at the massive number of emails that were publicly accessible for anyone with an internet connection,” Diachenko said in the report. It also puts people at risk for robo calls and phishing attacks, which will try to lure even more personal information out of people.

Database 74

Database Accounts Breach Phishing 74

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. The research by YouGov , commissioned by IDnow, reveals that many Brits are vulnerable to cybercrime which has seen exponential growth in the last year.

Continuity 69

Continuity Risk Deepfake Smishing 69

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. The best approach is therefore to use several technologies and apply multiple verification strategies to ensure that fraudsters do not slip through the cracks.

Identity Theft 54

Identity Theft Fraud Prevention Scams AI 54

Seon

JUNE 27, 2024

AI’s capabilities, like machine learning algorithms, are being trained to identify and exploit vulnerabilities, automate phishing attacks and bypass traditional security measures. AI can generate synthetic identities, create deepfakes and lead other persuasive and difficult-to-detect social engineering tactics.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

SEPTEMBER 16, 2020

Colleges’ security officials are reporting increases in phishing schemes and other fraud forms as staff and students move online, however, meaning cybersecurity should be key to these institutions as they prepare to welcome new classes digitally. Phishing schemes aimed at incoming students are also becoming more problematic for many U.S.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

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

PYMNTS

JULY 25, 2017

At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud. Phishing follows close behind at 66 percent. Additionally, geolocation and smart technology can help provide a layer of verification that ensures legitimate transactions are processed. . the year before.

EMV 48

EMV Identity Theft Mitigation Breach 48

PYMNTS

DECEMBER 20, 2019

Such identities are also not susceptible to any blacklists or fraud filters, which only contain known fraudulent information. Clean fraudsters can acquire their stolen identities through a variety of means.

Data Breach 52

Data Breach Credit Cards Breach Phishing 52

Nanonets

MAY 31, 2023

million individuals in the United States fell victim to identity theft in 2021. Phishing Attacks: Fraudsters send deceptive emails or messages, often mimicking reputable organizations, to trick employees or customers into revealing their payment details. million, with an average of $136 being stolen per phishing attack.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Trade Credit & Liquidity Management

MARCH 11, 2025

Healthcare: Companies in this industry face challenges, with billing fraud, prescription fraud, and identity theft. Technology Industry: Rapid innovation and the ever-evolving digital landscape expose companies to risks such as intellectual property theft, cyber fraud, and phishing scams.

Due Diligence 40

Due Diligence Fraud Prevention Phishing Identity Theft 40

PYMNTS

FEBRUARY 22, 2019

As phishing and ransomware become known commodities in the world of digital security, the hackers and crackers just change up their methods. While there is much negative to be said about cybercriminals, one can’t accuse hackers and cybercriminals of being uncreative in their methods. Their latest malovation? Formjacking.

Ransomware 46

Ransomware Credit Cards Identity Theft Privacy 46

Seon

JUNE 21, 2023

Like any online account, virtual credit card accounts, the mobile wallets they are kept in, and even the online bank accounts they may be connected to are vulnerable to account takeover (ATO) fraud , phishing, and more sophisticated attacks, such as man-in-the-middle attacks. How Can Virtual Credit Card Fraud Affect Your Business?

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

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

Fintech News

APRIL 9, 2025

Sumsub , a global full-cycle verification platform, coins this trend as the democratisation of fraud in their 2024 APAC Identity Fraud report. Without a robust framework for identity verification and fraud prevention, the rise in cybercrime will continue to undermine the growth of the digital economy and erode consumer trust.

APACS 93

APACS Deepfake Identity Theft Account Takeovers 93