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

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

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