AF Education
The UK Fraud Epidemic is Now a National Security Threat
In late January, a BBC article proclaimed that the "fraud epidemic is now a national security threat" in the U.K. This article was based on a think-tank report that discussed the escalating fraud impact on society and it was highly critical of the policy response from the U.K. government and law enforcement agencies. The report concluded that...
Turning a “blind eye” on cybersecurity – understanding the risks of identity theft
No matter how many warnings people get, a huge percentage turn a blind eye to their cybersecurity. A lot of people don’t take precautions until it is too late. If you look at the statistics on data breaches, and how easily you might fall foul of an account takeover either as a personal...
The Fraud Landscape in 2021
After the year that changed everything, what will the key drivers of fraud and fraud prevention be in 2021? Read on to hear about the potential fraud trends and developments in how to combat fraud, along with changes in the regulatory landscape. Regulatory Regulatory interest in fraud has been increasing in the UK...
Into the Unknown – Top 10 Fraud Predictions for 2021
The past is our lesson. The future is what we do with it. Maybe 2020 is a year that you don’t want to remember, but it is probably one you will never forget. Raise your hand if you’re apprehensive about 2021 ✋? Raise your hand if you’re just not sure what is...
Gig Economy Fraud: The Hidden Threat of the 2020 Holiday Season
The end of the year is always a particularly busy and often stressful period for fraud fighters, and this year that’s more pronounced than ever. The 2020 holiday season presents fraud prevention teams with a lot of additional challenges on top of those that are usually present at this time. There are...
Preventing Fraud with Real-Time Data Sources
Reviewing a digital order with limited data, is like reviewing a partial signature for potential forgeries. For example: choose the true partial signature of John Hancock with the limited information provided below. When determining a true signature, one must know the true signature or form of writing to be able to distinguish...
Fraud-Fighter 2.0: Looking for the Next Big Fraud Prevention Startup
One of the reasons we started About-Fraud was to make sense of the many different fraud solutions emerging in the market. In that spirit, we're delighted to launch our inaugural "Fraud Fighter 2.0" program. The program is designed to raise awareness for small, burgeoning Start-ups in the fraud prevention space. We want...
How to Secure Business from Account Takeover Fraud
The massive security breach in Twitter forced businesses and individuals to review their account takeover prevention methods and security measures. On Wednesday, July 15, about 130 of verified Twitter accounts were hacked and were further used in the cryptocurrency-related scam scheme. An early investigation showed the presence of social engineering fraud attack on...
Fraud Solution Provider Infographic
It's one of the most challenging tasks out there. Organizing and grouping the top Fraud Solution Providers on one page... and yet we took our crack at it! Below you will find all the Fraud Solution Providers currently on the About-Fraud Platform, along with some high level categorizations. Click the image to...
What Can We Learn from UK Finance’s Latest Fraud Report?
UK Finance recently released its "Fraud - the Facts 2020" report, which details the latest fraud statistics from the UK banking industry, including categorised insights into the overall amount of UK banking fraud losses. This report is very useful when trying to understand the real impact of fraud to consumers, businesses and...