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How do you build an EFM program?
Introduction We’ll start by answering these simple questions: Is your existing fraud management program a fragmented mess? Is your head on fire because of escalating fraud rates and losses? Are you at risk of losing your payment partners and processors? Are you facing the challenge of dealing with fraud for a new...
Funding Investment, Acquisitions & IPO’s – Q3 2025
Q3 has wrapped up! It’s time for our quarterly investment update. Explore the latest funding rounds and acquisitions in the world of fraud and risk mitigation! Funding Descope Descope has announced the extension and closing of its seed round with an additional US $35 million in new funding, bringing its total funding...
ACH Fraud: Time is Running Out to Meet the New Nacha Rules
The countdown to compliance with the new Nacha rules is on. With the March 20 deadline fast approaching, financial institutions must act immediately to meet new requirements designed to combat the growing threat of ACH fraud. Implementing a robust ACH fraud solution will help institutions respond quickly and avoid potential non-compliance penalties. Consumer...
Investment, Acquisitions & IPO’s – Q1 2025
The first quarter is in the books, time for our investment roundup! Dive into the newest funding deals and acquisitions shaping the fraud and risk landscape. Funding ID.Me Digital identity‑wallet provider ID.me has landed a $275 million credit facility from Ares Management, and Ares plans to follow up with a sizeable equity stake....
The Essential Next Step In Fighting Human Crime
In 2003, the US government changed the fraud fight forever. A seemingly small addition to a broader act required financial institutions to fight and protect their customers from identity theft, leading to the establishment of the Identity Theft Officer. I must admit, I didn’t think much of it at the time, as...
Behavioral Analytics vs Behavioral Intelligence: What Is the Difference?
It is difficult to find a more significant trend than the growing utilization of data. Behavioral data, in particular, has become prominent in many areas, with cybersecurity at the forefront. The global behavioral analytics market reached $905.6 million in 2023 and is anticipated to grow at a 27.5% CAGR by 2034. But...
Evolution of U.S. Public Policies to Protect Consumers
Exploring the timeline of how U.S. public policies on consumer protections have evolved over time, including major legislative acts, hearings, and anti-fraud initiatives. The landscape of consumer protection and fraud prevention in the U.S. has undergone significant transformations as Congress has responded to emerging challenges. From early legislative efforts to recent hearings...
Breaking down silos: Fraud detection using consortium data and big data analytics
Have you ever noticed how much harder it is to achieve your goals at work when each team is working in a silo? In the absence of collaboration and information sharing it's almost impossible to have the same breadth and depth of impact as you can when your teams work together. The...
5 Layered Actions for Consumers to Fight Fraud
Are you a crime fighter? Most financial institutions hope so - and they are actively trying to hone your skills and habits. These days, there are few instances when logging on to a financial or medical account (or any account that contains sensitive information) when you are not asked to take extra...
The Fight Against DeepFake Fraud
Cybercrime has been on the rise for a while, and we like to think we’re wise to the fraudsters’ tactics, right? But as technology advances, so too does the potential for fraud. The rise of AI-powered criminals has significant implications for cybersecurity. While AI can strengthen our defenses, it also gives cybercriminals...