News

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