AF Education
Investment, Acquisitions & IPOs – Q4 2021
We wrote articles earlier this year detailing the huge investment and acquisitions within the identity, fraud and AML space. Q4 of 2021 is no different, as the space stays red hot. Have a look at the latest and greatest and we'll keep you updates as we move into 2022! Neuro-ID Neuro-ID secures...
Crystal Blockchain Report:
$12.1 billion worth of crypto-assets stolen since 2011 Crystal Blockchain, a globally distributed team of world-class blockchain analysts, has released its bi-annual report Crypto & DeFi Hacks & Scams Report. According to the research, there were 120 security attacks, 73 attacks on DeFi protocols, and 33 fraudulent schemes that have so far...
X-raying Cybercriminals:
What can you see using Machine Learning Fraud Prevention Models? Preventing online payment fraud is a continually evolving challenge. A shift from rule based systems to advanced tools using behavioral biometrics backed up by Machine Learning (ML) models has begun, impacting the fraud prevention industry. Likewise, online consumer spending habits are increasingly...
Insurance Fraud & Ad Fraud
We tend to spend a good portion of time focusing on fraud that impacts financial institutions and merchants. However, there are other industries suffering from mounting fraud losses and challenging attacks. Here we will dive into a couple of those use cases, explaining how technology can help fight back. The two areas...
The Importance of Manual Review
In the last decade, the fraud detection and identity verification space have rallied around usage of Machine Learning. One often overlooked component to make these models successful is a strong risk operations team. A strong risk operations team enables a financial institution to shift outward the risk frontier (more approvals and fewer...
How to Select Your Fraud Solution Provider
Fraud is an extremely large challenge for eCommerce merchants. According to Juniper Research, eCommerce fraud is projected to eclipse $20 billion in 2021, an 18% increase from the prior year. The right fraud solution provider can provide vital compliance and anti-fraud protection. However, with so many options on the market, choosing the...
Beyond KYC: Know Your Business & UBO
Knowing your customer and the ultimate beneficial owners (UBO), who own and control a business, is fundamental to satisfying regulatory requirements as well as understanding risk, explains Christian Chmiel, Chief Innovation Officer, Web Shield. Identifying and verifying customer identities is central to customer due diligence. This is the process by which a...