Articles
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...
When Good Customers Turn to Fraud
It seems pretty straightforward… there are people who don't commit fraud - your good customers - and people who commit fraud - the ones you set your systems up to detect. However, if you work in fraud prevention you know that line often becomes quite blurred. First party fraud is very common,...
2020 Priorities: Pre-Authorization Risk Screening, CCPA & More!
The record number of data breaches in 2019 serves as a great reminder of why new advances in digital identity verification (DIDV) are increasingly critical. However, I didn’t close out the year thinking about the exceptionally high occurrence in data breach rates. Instead, I chose to focus on the hard-won battles businesses have fought...
Fraud Screening for Retailers: Prepare for Volume Spikes
Retailers spend all year getting their product selection, inventory, logistics and marketing ready for year-end peak sales seasons, but they often don’t adjust their fraud screening tools for sales peaks. Surprisingly, this oversight may not lead to more fraud but to more false declines. Why would otherwise dependable fraud screening rules and...
Intro to Synthetic ID's From a Former FBI Fraud Fighter
Basics & Background In layman’s terms, a synthetic ID is created when a fraudster takes a real or fake social security number (SSN), builds a completely false persona around it (including credit tradelines, ID cards, the works), and uses the fake persona to obtain credit and cash, then disappears… leaving the financial...
DataVisor CEO Yinglian Xie on the Democratization of Online Fraud Prevention
Yinglian Xie co-founded DataVisor in 2013 after establishing a reputation as a highly regarded researcher, author, and conference contributor. Yinglian has over 10 years of experience in security, specializing in fighting large-scale attacks with AI and Big Data technologies. Recently, she spoke with About-Fraud about her vision for an internet where more...
Sift CEO & Co-Founder Jason Tan on the Current State of the Internet
Jason Tan co-founded Sift in 2011 after a career in software engineering at various Seattle startups. As the company’s CEO, he draws on a deep sense of optimism to spur himself and his team to be better. Recently, Jason spoke with About-Fraud about the state of trust, safety, risk and fraud on...
How to protect yourself from deceptive marketing practices
Confidence tricks are as old as commerce. So are confidence tricksters, also known as con artists or scammers. They manipulate individual psychology to induce victims into a bargain disadvantageous to themselves. However, con artists also manipulate institutional psychology, specifically the weaknesses in acquirer underwriting and risk management policies and procedures, to secure...
Brett Johnson on the Cybercriminal Mindset
In the world of online fraud prevention, Brett Johnson sits in a category all his own. With support from his wife, sister, Karisse Hendrick, and the FBI, Mr. Johnson has synthesized a career that would have been unimaginable from inside of a 7.5-year prison sentence. Today, the man is still running; not...