Funding investment seed growth SecuredTouch

SecuredTouch raises $8M in April

Behavioral biometrics startup SecuredTouch raised $8 million in April, in what was otherwise a dry month for fraud prevention startups. This brings SecuredTouch’s total investment to date to $12 million. The Israel-based company said it expects to use the additional funds to expand its business activity internationally, including plans to open...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
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
Funding investment seed growth SecuredTouch

Nearly $100M in New Fraud Funding End of March

The second half of March was an eventful month for startup funding in the fraud prevention space. Sift Science raised $53 million in a Series D round in the biggest investment announcement of the month. The San Francisco-based company offers a machine learning based fraud prevention solution to e-commerce merchants...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
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
Funding investment seed growth SecuredTouch

American Express Invests in 2 Israeli Anti-Fraud Startups

American Express Ventures announced strategic investments in two U.S.-Israeli anti-fraud startups this week. BioCatch, a behavioral biometrics startup, closed a $30 million round of growth funding that was led by Maverick Ventures. Other round investors included not only American Express Ventures but also NexStar Partners, Kreos Capital and OurCrowd, among...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
Magento and airline partnership solutions

Signifyd, ACI Worldwide launch partner solutions for Magento, airlines

Fraud prevention vendor Signifyd announced this week a strategic partnership with Corra, a digital agency serving primarily fashion, beauty and lifestyle brands retailers on the Magento Commerce platform. The partnership is expected to help Signifyd expand its growing list of merchant clients on Magento, particularly among high-end retailers likely to...Readmore
OTA hit by travel fraud

OTA Slammed by $9B in Fraud Costs in 2017

Travel intermediaries lose an estimated $21 billion a year in fraud-related losses, according to a recent report commissioned by eNett, a virtual account number (VAN) provider. Direct losses to travel intermediaries were pegged at $6 billion, while indirect costs including higher operating costs, revenue lost to false positives and reputational...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
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

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

About-Fraud.com Launches with Refined Strategy, Unique Value

about-fraud.com is a website created in, March of 2017. Following a revamped launch in August, about-fraud.com is publishing this interview with the co-founders to explain their motives for creating and operating the site. Below are Ronald Praetsch, PJ Rohall and Ronen Shnidman’s answers to those questions and a look ahead...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

Infographic – Digital merchants are under fraud attack

CashShield and www.about-fraud.com created this Infographic together to show the importance of fraud protection for digital merchants. CashShield is a real time fraud prevention solution designed with big data, machine learning optimized through a self-developed financial risk management algorithm. Our unique algorithm generates optimized decisions, eliminating the need for manual...Readmore

Almundo.com rolls out Nethone fraud solution

Nethone – a global provider of AI-driven Business Intelligence and fraud solutions – announced today that Almundo.com – one of the largest and most admired travel agents in Latin America – has rolled out its cutting-edge fraud prevention system. Nethone fraud solution selected by Almundo.com leverages diverse state-of-the-art technologies, including...Readmore

New PIPL Pro Bucks Trend on Manual Review

  Search engine company signs Magento as client for tool for in-house fraud analysts By About-Fraud The people search company, PIPL, launched a business version of its search engine on February 15 for use by fraud analysts conducting manual reviews of card-not-present transactions. The new professional version, called PIPL Pro,...Readmore

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