scam
Are OTP’s still effective?
Everywhere you look you see another headline about fraud. Whether synthetic, check, or account takeover scams, you don’t have to look far to find another financial institution (FI) targeted. Fraud has become a major concern mainly due to increased transaction volume and data breaches exposing private information. And even though solution providers...
Fraud for Hire: Understanding Fraud as a Service
When you think of cybercrime, you think of advanced tech skills. But what about those criminals who have the motivation to commit fraud…but not the technical expertise? Enter Fraud as a Service (FaaS). In today’s digital world, cybercriminals are constantly innovating, finding new ways to exploit vulnerabilities and commit fraud. FaaS is...
You Don’t Need a “Silver Bullet”! – Business Case to Preventing SIM-swap Frauds
Often, we believe in deploying sophisticated technology to solve a problem. However, the solution may actually lie in the fundamentals, if you have the eye to look for it. SIM Swap fraud has been costing the financial ecosystem a significant amount, affecting both consumers and financial institutions. According to the FBI’s IC3...
The Cost of Review Fraud and the Value of Authenticity
Learn how email address intelligence is helping businesses fight back against review fraud.Convenience and choice have become synonymous with online shopping. And online shopping trends keep ticking upward, with the global e-commerce market expected to be worth $6.3 trillion in 2024 alone. But this increase has also brought about some challenges –...
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...
Tackling the Dangerous Email Domain Dilemma
The rise of dangerous and high-risk domains has been significantly altering our online world. To the tune of 100,000 or so per day. And when most of these domains are seen for but a few weeks before vanishing into the ether, timing is of the essence. Disposable email addresses, hide-my-email, email aliases,...
FACT, FICTION, OR FEARMONGERING?
We spent the last year looking at hundreds of discussions about AI crime in all its forms, including hacker forums on the dark web, to try to figure out which crimes are real and which are fantasy, and which could possibly be in the future versus those that are here now. And...
Cracking the Fraud ROI Maturity Curve: The Path to Sustainable Growth
Successful fraud prevention programs look different at every company. But there are certain markers of efficacy and maturity you can measure as you move up the ROI curve. Most companies see fraud prevention as an operational expense, which makes proving ROI at every stage of your fraud program’s growth essential. I'll break...
How to Succeed at Chargeback Recovery
Chargebacks can be a harsh reality for merchants, whether they stem from fraud, merchant error, or, in many cases, false claims. While the former two may serve as valuable learning experiences, false claims challenge the very fabric of the chargeback process. In these instances, merchants have the potential for recovery, provided they...