AF Education

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
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
Ad Fraud: The Silent Revenue Killer

Ad Fraud: The Silent Revenue Killer

Fraud is a well-known threat to every online company. Because of that, nearly every company has some solution for handling transaction fraud, reducing chargebacks, and verifying customers. The biggest reason for this is because companies can see the effects of transaction fraud immediately and easily recognize the drain on their...Readmore
KYC vs. customer verification

How KYC Differs from Customer Verification

The next time you visit your local bar, consider this: How do you differentiate between a barstool and a table? Both have four legs, flat tops, and you can prop a drink, or yourself on either one. However, putting a cup on a barstool doesn’t make it a table. Context...Readmore
AVS Address Verification Service System Services

Addressing the 3 Shortcomings of AVS

Address verification services (AVS) have fallen behind modern fraudsters’ tactics. Once a familiar frontline tool for card-not-present fraud detection, AVS today bloats review queues and may even increase risk of fraud loss for many online merchants. Don’t hold your breath for a system update. The potential for extra friction in...Readmore