AF Education
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...
Risk Management: Addressing the Leading Fraud Types
There are many things that can derail a startup or scaleup in its tracks. Some of them can hardly be predicted, like the development team quitting or the investors imposing their will on the product development. Others, like customer background checks, risk scoring, chargeback resolution, identity theft prevention, and risk management can...
Fraudulent Courses: How to Avoid Them
With Coronavirus restrictions keeping everyone indoors for months at a time, it's no surprise that online learning courses have grown in popularity. For those who want to spend such time productively, these courses provide crucial knowledge which can be implemented at work. Moreover, many of the most popular courses are accredited, allowing...
How to Save Revenue for E-commerce Businesses
A dollar saved is a dollar earned, This old idiom has never been more relevant than in 2021 when businesses worldwide try to find new growth drivers and cope with supply chain disruptions caused by the COVID-19 pandemic and lockdowns. What is even worse, fraudsters are much better prepared to leverage the...