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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...
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5 Red Flags in Online Dating Scams: Key Signs to Watch

In today’s world, online dating has become a common way to meet new people and find love. Dating apps and websites make it easy to connect with potential partners. However, while many people find genuine connections, there are also risks involved - particularly from online dating scams. These scams can cause financial...
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Why Traditional Fraud Prevention Measures are Ineffective Against Modern Fraud

In 2023, scammers defrauded victims from all around the world of over $1 trillion, according to the Global Anti-Scam Alliance. That's roughly equivalent to the Netherlands' GDP. While banks are becoming more adept at protecting their own systems from cyber-attacks, fraudsters have shifted their focus to the weakest link in any security—humans....
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Banking on trust: The power of a community-driven approach to fraud prevention

Fraud has been a hot topic since the 1780’s when the U.S. banking system came into being. Back then, the pioneers of financial fraud often swindled investors with false business proposals or used insider information to manipulate the fledgling stock market.  As the banking industry and the stock market became more regulated,...
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YC-Backed Startups Transforming the Anti-Fraud Industry

The fight against fraud has taken center stage in today’s digital economy. As businesses transition online, the necessity for robust anti-money laundering (AML) and know your customer (KYC) practices has never been more critical. Whether AML, KYC or fraud detection, risks across the customer journey are prevalent and the threat landscape is...
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Investment, Acquisitions & IPO’s – Q3 2024

The third quarter has concluded! Now, it’s time for our quarterly investment update. Delve into the latest funding rounds and acquisitions in the realm of fraud and risk mitigation! Pindrop Pindrop, a global leader in voice authentication and security, has announced the successful acquisition of $100 million in debt financing from Hercules...
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The First Half of 2024: A Review of Data Breaches and Fraud

A review of data breaches, their impact, and key trends with a focus on major incidents, prevention tips, and case studies. As 2024 progresses, the alarming frequency of data breaches continues to underscore the importance of cybersecurity. This article looks at the first half of the year, focusing on major breaches, their...
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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...
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The Ultimate Guide to Impersonation Fraud: Trends, Tactics, and Mitigation

Fake bank representatives, government officials, police officers, or even relatives. Who hasn’t heard of impersonation fraud, one of the most popular and effective tactics of scammers? In impersonation fraud, fraudsters deceive their victims by pretending to be trustworthy individuals, causing deep financial, reputational, and psychological damage. The surge of impersonation fraud is...
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