pensioners clone fraud losses

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

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 some cases, the report stated, individuals' losses exceeded £250,000 ($350,000). "Clone fraud" describes cold-calling scams run by thieves that seek to impersonate legitimate investment funds,...Readmore
investment funding round American Express Ventures

SEON Raises $600K in New Funding

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 company said that intends to use the new funds to expand into new geographical markets and industries. SEON officially launched its out-of-the-box fraud solution in...Readmore
Chinese New Year 2018

Fraud Trends This Chinese New Year

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 that is a major gift-giving holiday in China and East Asian markets with large ethnic Chinese populations. For this year’s Chinese New Year about-fraud.com spoke with...Readmore
Biometric authentication

Biometric Authentication: the How and Why

Biometric authentication for fraud prevention has been developing at light speed these past few years, with many new solutions reaching the market. For those seeking to better comprehend the new possibilities afforded by biometrics, Nu Data Security in conjunction with the Aite Group compiled a custom report on the market...Readmore
money 2020 europe

Money 20/20 Europe: Fraud Insights Report

By Ronen Shnidman By 2021, there will be 378 million online shoppers in Europe and the global  e-commerce market is expected to grow on average 21% per year until it reaches $4 trillion by 2020. In recent years, the cost of fraud for merchants grew as well, tripling to 1.5%...Readmore

About-Fraud.com to Report from Money20/20 Europe

Contributing Writer Ronen Shnidman Money 20/20 Europe, a three-day fintech conference, is set to open this Monday in Copenhagen for its second year. The conference will feature demos, pitches and speeches by some of the biggest players and newcomers in fintech in the European market including in the areas of...Readmore

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