scam
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...
Fraud for Hire: Understanding Fraud as a Service
When you think of cybercrime, you think of advanced tech skills. But what about those criminals who have the motivation to commit fraud…but not the technical expertise? Enter Fraud as a Service (FaaS). In today’s digital world, cybercriminals are constantly innovating, finding new ways to exploit vulnerabilities and commit fraud. FaaS is...
You Don’t Need a “Silver Bullet”! – Business Case to Preventing SIM-swap Frauds
Often, we believe in deploying sophisticated technology to solve a problem. However, the solution may actually lie in the fundamentals, if you have the eye to look for it. SIM Swap fraud has been costing the financial ecosystem a significant amount, affecting both consumers and financial institutions. According to the FBI’s IC3...
The Cost of Review Fraud and the Value of Authenticity
Learn how email address intelligence is helping businesses fight back against review fraud.Convenience and choice have become synonymous with online shopping. And online shopping trends keep ticking upward, with the global e-commerce market expected to be worth $6.3 trillion in 2024 alone. But this increase has also brought about some challenges –...