AF Education
5 Red Flags in Online Dating Scams: Key Signs to Watch
In today’s world, online dating has become a common way to meet new people and find love. Dating apps and websites make it easy to connect with potential partners. However, while many people find genuine connections, there are also risks involved - particularly from online dating scams. These scams can cause financial...
Why Traditional Fraud Prevention Measures are Ineffective Against Modern Fraud
In 2023, scammers defrauded victims from all around the world of over $1 trillion, according to the Global Anti-Scam Alliance. That's roughly equivalent to the Netherlands' GDP. While banks are becoming more adept at protecting their own systems from cyber-attacks, fraudsters have shifted their focus to the weakest link in any security—humans....
YC-Backed Startups Transforming the Anti-Fraud Industry
The fight against fraud has taken center stage in today’s digital economy. As businesses transition online, the necessity for robust anti-money laundering (AML) and know your customer (KYC) practices has never been more critical. Whether AML, KYC or fraud detection, risks across the customer journey are prevalent and the threat landscape is...
Investment, Acquisitions & IPO’s – Q3 2024
The third quarter has concluded! Now, it’s time for our quarterly investment update. Delve into the latest funding rounds and acquisitions in the realm of fraud and risk mitigation! Pindrop Pindrop, a global leader in voice authentication and security, has announced the successful acquisition of $100 million in debt financing from Hercules...
The First Half of 2024: A Review of Data Breaches and Fraud
A review of data breaches, their impact, and key trends with a focus on major incidents, prevention tips, and case studies. As 2024 progresses, the alarming frequency of data breaches continues to underscore the importance of cybersecurity. This article looks at the first half of the year, focusing on major breaches, their...
Behavioral Analytics vs Behavioral Intelligence: What Is the Difference?
It is difficult to find a more significant trend than the growing utilization of data. Behavioral data, in particular, has become prominent in many areas, with cybersecurity at the forefront. The global behavioral analytics market reached $905.6 million in 2023 and is anticipated to grow at a 27.5% CAGR by 2034. But...
The Ultimate Guide to Impersonation Fraud: Trends, Tactics, and Mitigation
Fake bank representatives, government officials, police officers, or even relatives. Who hasn’t heard of impersonation fraud, one of the most popular and effective tactics of scammers? In impersonation fraud, fraudsters deceive their victims by pretending to be trustworthy individuals, causing deep financial, reputational, and psychological damage. The surge of impersonation fraud is...
Evolution of U.S. Public Policies to Protect Consumers
Exploring the timeline of how U.S. public policies on consumer protections have evolved over time, including major legislative acts, hearings, and anti-fraud initiatives. The landscape of consumer protection and fraud prevention in the U.S. has undergone significant transformations as Congress has responded to emerging challenges. From early legislative efforts to recent hearings...
Scams Are a Problem for Me, You, Them, and Us
The scam problem has quite literally become a very big problem – for everyone. The dawn of COVID gave way to a rapid explosion of scams, and there seems to be no end in sight, given the subsequent (and current) proliferation of them. Javelin Strategy & Research began tracking scam losses separately...
Fraud for Hire: Understanding Fraud as a Service
When you think of cybercrime, you think of advanced tech skills. But what about those criminals who have the motivation to commit fraud…but not the technical expertise? Enter Fraud as a Service (FaaS). In today’s digital world, cybercriminals are constantly innovating, finding new ways to exploit vulnerabilities and commit fraud. FaaS is...