Month: February 2018

OTA Slammed by $9B in Fraud Costs in 2017

By Ronen Shnidman / Feb 26, 2018

Travel intermediaries lose an estimated $21 billion a year in fraud-related losses, according to a recent report commissioned by eNett, a virtual account number (VAN)…

Clone Fraud Costs U.K. $280M Per Year

By Ronen Shnidman / Feb 21, 2018

British pension fundholders are losing £200 million ($280 million) a year to “clone fraud,” according to government figures published by The Times this week. In…

SEON Raises $600K in New Funding

By Ronen Shnidman / Feb 17, 2018

Hungary-based fraud prevention startup SEON announced on Thursday that it had closed a €500,000 ($624,000) funding round with investment from PortfoLion and Fiedler Capital. The…

Fraud Trends This Chinese New Year

By Ronen Shnidman / Feb 16, 2018

Today marks the start of the Chinese Year of the Dog and the beginning of Lunar Spring Festival that ends on March 2, a festival…

Stop Falling for Dating Scams this Valentine's Day

By Ronen Shnidman / Feb 7, 2018

Valentine’s Day is the holiday of love for couples. For most singles, it is an annual reminder of the need to find a significant other.…