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Sharing fraud data Aite

Sharing lightens the fraud burden for FIs

Financial institutions (FIs) are focused on delivering a smooth customer experience (CX) that enables legitimate users to interact quickly, yet securely. According to a recent Aite Group survey, a worrying 42% of FI executives think their authentication processes are effective on this front. However, greater security and reduced effort/friction are possible...Readmore

How to protect yourself from deceptive marketing practices

Confidence tricks are as old as commerce. So are confidence tricksters, also known as con artists or scammers. They manipulate individual psychology to induce victims into a bargain disadvantageous to themselves. However, con artists also manipulate institutional psychology, specifically the weaknesses in acquirer underwriting and risk management policies and procedures,...Readmore
SIM Swap fraud mobile identity theft

Sim Swap Fraud’s Dangerous Evolution

SIM swap fraud has evolved in the last two to three years, according to Nuance Chief Fraud Prevention Officer Simon Marchand. What used to be a part of usage fraud schemes with little impact on telecoms has evolved and is now part of much more complex fraud schemes against consumers....Readmore
Brett Johnson_on the Cybercriminal Mindset

Brett Johnson on the Cybercriminal Mindset

In the world of online fraud prevention, Brett Johnson sits in a category all his own. With support from his wife, sister, Karisse Hendrick, and the FBI, Mr. Johnson has synthesized a career that would have been unimaginable from inside of a 7.5-year prison sentence. Today, the man is still...Readmore

Cifas NGO Expanding to Tackle Fraud Globally

Mike Haley began his career as a fraud investigator for Her Majesty’s Revenue & Customs (HRMC) (equivalent to the U.S. IRS). After cutting his teeth at the HRMC, he worked in public sector fraud prevention roles including leading teams investigating fraud against the National Health Service (NHS) and local government,...Readmore

The Evolving Landscape of CNP Fraud

DJ Murphy is the editor-in-chief and co-founder of CardNotPresent.com, which he co-founded with CEO Steve Casco in 2011. Murphy’s involvement in the world of card-not-present began in 2008 when he worked at Paybefore a trade publication for the prepaid card industry. About-fraud recently spoke with Murphy ahead of its annual...Readmore
PEREUSS

Perseuss study shares insights from fraud experts

Perseuss recently conducted a study, asking fraud experts from around the world to share their opinion on relevant and current topics they deal with in their everyday work life. By combining the shared thoughts and experiences, Perseuss created a valuable insight into the fraud prevention landscape. We live in the...Readmore
questions for machine learning

3 Questions to Ask During a Machine Learning Sales Pitch

To excel in fraud prevention requires approaching everything with skepticism. If you’re a top-notch fraud analyst, there’s a good chance you read contracts before signing. You might be a person who reviews restaurant receipts before paying. You take the descriptor “nitpicky” as a compliment. A healthy dose of skepticism and...Readmore
eKYC and watchlist screening

EKYC and Watchlist Screening – How FIs Use Them

Imagine this scenario: Daenerys Targaryen around 20 years ago bought a money-back life insurance policy. Remember, it was 20 years ago and the documentation process was not strict and meticulous back then. This means that Daenerys did not submit any proof of age at the time of purchasing the policy...Readmore