Articles Tagged with ''fraud prevention''

Defining synthetic identity fraud once and for all

November 1, 2021

Jeffrey Feinstein, Vice President of Global Analytic Strategy, LexisNexis Risk Solutions, had the honor of serving on a Federal Reserve committee this past winter to define synthetic identity fraud. The result of this effort was the release of a paper that defines it for the industry, an essential step forward in the fight against this pervasive threat.

No more trade-offs: With AI, banks can both improve CX and enhance security

Collin Davis

October 12, 2021

With the help of artificial intelligence (AI), banks can offer better customer service while significantly enhancing the efficacy of their security. AI can assist in fraud detection efforts at large and small banks.

remote workforce security vulnerabilities new hires

Maintaining access control for employees and preventing new hire fraud

Mike Engle

August 20, 2021

Can you prove who you’re hiring and who’s showing up everyday? With the right security solutions in place, you can.

Minimizing fraud while maximizing customer satisfaction

Ron Hynes

August 19, 2021

Today’s technological advancements have made it possible for merchants to strike an effective balance between minimizing fraud and maximizing customer satisfaction. The following three tips can help companies balance strong payment fraud prevention while providing an exceptional shopping experience.

New survey reveals online fraud disconnect between retailers and shoppers

August 18, 2021

New U.S. and European data released by Riskified reveals a stark disconnect between retailers and shoppers on the matter of online shopping fraud.

Categorizing fraud types is the key to addressing risk

Chris Ryan

August 17, 2021

As businesses continue to navigate the current economic environment, it’s critical they also strategize for the future to position themselves for success once the environment improves. This means implementing robust fraud prevention strategies and tools that accurately separate fraud types to treat them correctly and address risk.

Fraud threats on government agencies growing in numbers and severity

New TransUnion Public Sector Fraud study highlights how threats such as Account Takeover (ATO) erode trust in government’s online and mobile services

June 16, 2021

As more U.S. citizens have interacted with government agencies online during the COVID-19 pandemic, account takeover fraud threats (ATO) are becoming more prevalent, according to TransUnion’s Public Sector Fraud Study.

93% of fraud attacks occur online

June 3, 2021

Feedzai has announced its Quarterly Financial Crime Report, an analysis of over 12 billion global banking transactions from January – March 2021. The report identifies trends in spending and in fraud attempts to show that this past quarter, as consumer activities increased, fraudsters attempted to hide their fraudulent transactions in legitimate banking. In fact, combining all banking fraud – internet, telephone, and branch – attacks grew a whopping 159% in Q1 2021 compared to Q4 2020.

5 minutes with Natalie Kelly, Visa's Senior Vice President and Global Head of Payment Ecosystem Risk

Maria Henriquez

June 3, 2021

Throughout the pandemic, the payments threat landscape was largely influenced by the ongoing COVID-19 pandemic. Cybercriminals continued to employ tried and true methods, such as phishing, payment account enumeration, eCommerce skimming, ransomware, among others to exploit many vulnerabilities during the pandemic, says Natalie Kelly, Visa’s SVP, Global Head of Payment Ecosystem Risk. Here, we talk to Kelly about the payments fraud ecosystem, her role at Visa, ensuring business continuity through the evolution of the payments threat landscape and more.

5 minutes with Jane Lee - The fraud supply chain, cyberattacks and more