Machine learning backgrounder

What Does Machine Learning Mean for Fraud Prevention?

Everyone in fraud prevention must have heard the term machine learning bandied about in discussions about the changing nature of their work. However, the recent hype suggests that some of the people promoting machine learning solutions are either overstating or misrepresenting what the technology is currently doing and what it...Readmore
video game fraud

4 Things That Set Video Game Fraud Apart

I’ve been fighting fraud for more than 15 years and before I joined my first video game company, I’d thought I’d figured it out. Fraud was nearly always about making money in the fastest way possible for the fraudster, and it was generally divided in to two categories: true fraud...Readmore

Knocking Out ATO in Fantasy Sports

Rick Skawinski, Jr. is a data analyst specializing in fraud tools at FanDuel.com, a one-day fantasy sports game website with millions of registered users that provides immediate cash payouts to winners. Rick has been fighting card-not-present (CNP) fraud for over four years, ever since his mother's identity was stolen and...Readmore
Online poker fraud cheating

Fraudsters Hitting Online Poker with Ace Up Sleeves

Wherever there is money, there are criminals looking to take more than their fair share of the pot. Online poker sites are not the hot beds of illegal activity as some have painted them to be However, poker holds some of the most interesting and sophisticated avenues for fraud anywhere...Readmore
Gambling fraud roulette wheel

Insider View on Gambling Fraud

Past fraud trends in gambling The gambling sector has evolved along the years, and fraudsters have evolved with it. The old preferred fraud method used to be manually skimmed cards. These are payment cards that have their data copied over for later use when used at a target point-of -sale....Readmore
VCR Visa Claims Resolution

What VCR Really Means for Merchants

Visa Claims Resolution (VCR) is the biggest dispute policy update the payments industry has experienced in decades. Every stakeholder has been impacted, with requirements changing for cardholders, issuers, acquirers, and merchants. An unintended challenge of VCR is ensuring each stakeholder has the information and insight they need to comply with--and...Readmore
Securing the payment ecosystem

3 Stakeholders to Secure the Payment Chain

E-commerce is a fast-growing segment, with the business-to-consumer market in Southeast Asia expected to have expanded 28.5% to surpass US$6 billion in 4Q 2017. Today, consumers and businesses alike have moved from cash-based transactions to embrace the ease and popularity of digital payment options. Building confidence in online payments is...Readmore
Travel scam fraud

Common Travel Scams Exposed

As online booking has grown in popularity, so have scams that enable fraudsters to monetize stolen credit cards. How do these travel industry scams work and just what should you be on the lookout for when booking your next big trip? Let’s take a closer look. ‘Man-in-the-middle’ fraud Many people...Readmore
PSD2 SCA fraud prevention

PSD2 to Incentivize Better Fraud Prevention

Security and trust are fundamental needs for payments.  For this reason the European Commission introduced with PSD2, its new directive on payment services, a general rule on the use of the strong customer authentication (SCA). In this article, we’ll briefly analyze what SCA is, its impact on market operators like...Readmore
2018 Fraud Conference Calendar

Fraud Conference Calendar 2018

There are dozens of conferences held across the globe every year dedicated to sharing fraud prevention knowledge and solutions. To assist fraud prevention professionals and organizations looking for opportunities to learn, network and find solutions to their fraud problems, about-fraud.com has created a calendar of all the relevant events we...Readmore
GDPR impact on fraud prevention

What GDPR Means for Fraud Prevention

The General Data Protection Regulation (GDPR) is a piece of EU legislation which directly impacts all organizations or people which process the personal information of individuals. Organizations that do not understand their fraud operations completely will end up with flawed or incomplete compliance with GDPR. There will be organizations found...Readmore

Build vs. Buy – Final Four

Preventing fraud is already challenging without adding the confusion of what to build in-house and what to purchase from vendors. There is no standard answer –  it depends on your industry, business and risk profile. That being said, there are guidelines all merchants can follow to navigate the murky waters...Readmore
Authentication layer cake

How Trusting Your Customers Is Like Baking a Cake

Static authentication is broken The year 2017 saw the most data security breaches in history, surpassing 2016’s record of 1091 breaches. Since 2013, over nine billion records have been exposed – more than the number of people on Earth! This stolen personal information is primarily used to perform account takeover...Readmore
Ecommerce Fraud Index

Merchant Fraud Losses Rise 7% in 2017

Merchants’ total fraud losses rose 7% year on year in 2017 to 4.09% of total orders received, according to the Ecommerce Fraud Index figures released this week by fraud solution vendor Signifyd. Hardest hit were cosmetics and perfume retailers as their fraud rate doubled in 2017 to 5.1% of total...Readmore
Friendly fraud and how to deal with it.

4 Tips for Handling Friendly Fraud

You may have heard of the term friendly fraud but what is it really and why is it one of the most talked about fraud topics in the airline industry? Friendly fraud is primarily an abuse of the credit card chargeback system which entitles customers to a refund from their...Readmore
Machine learning product launch takes off

3 Machine Learning Solutions Launch for Finance, Auto Loans & Groceries

Three separate machine learning fraud solutions targeting credit card issuers, auto loans and online groceries were released last week by Fiserv, PointPredictive and Ocado Technology, respectively. Fiserv teams up with Mastercard Financial services technology provider Fiserv made the biggest buzz when it announced that it had begun offering Mastercard’s Decision Intelligence...Readmore
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
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

Provider & Fraud Knowledge – Square One

It's tempting to approach fraud management in the same manner I assemble my son's toys. Start at step 7, jump to 15, let out a few gasps, an occasional holler... and settle on whatever mix of parts you can jam together. Lucky for me, a toddler is often just as...Readmore

Equifax Breach: Value Leech

A few weeks have passed, and the Equifax data breach has been discussed extensively in just about every news outlet. This is an instance where saturated news coverage and never ending analysis is well warranted, with 143 million Americans waiting for the other shoe to drop. I will take a...Readmore

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