scam
Holiday Scams Through the Years: Generic Phishing to Gen AI
The holiday season, a time of joy and generosity, has also become a prime hunting ground for scammers. With global online shopping skyrocketing and billions of dollars exchanging hands, fraudsters have seized the opportunity to exploit vulnerabilities. For example, in 2023, online holiday scams cost consumers an estimated $3.5 billion globally. This...
Fraud Fight Club: Join the Revolution
Fraud Fight Club Round II promises to be the premier event for anti-fraud professionals. Hosted by About Fraud and scheduled for April 1-2, 2025, this two-day conference will bring together over 400 fraud fighters from financial institutions to engage in an experience unlike any conference in the B2B space. The event will...
The Essential Next Step In Fighting Human Crime
In 2003, the US government changed the fraud fight forever. A seemingly small addition to a broader act required financial institutions to fight and protect their customers from identity theft, leading to the establishment of the Identity Theft Officer. I must admit, I didn’t think much of it at the time, as...
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...
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...
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...
Are OTP’s still effective?
Everywhere you look you see another headline about fraud. Whether synthetic, check, or account takeover scams, you don’t have to look far to find another financial institution (FI) targeted. Fraud has become a major concern mainly due to increased transaction volume and data breaches exposing private information. And even though solution providers...