Fraud Prevention 
Latest Account Takeover Scheme Targets Cardless ATM Withdrawals
When banks started rolling out cardless ATM withdrawals, the idea was to bring a whole new level of convenience and security to increasingly mobile consumers. But according to a recent industry report, ATM debit card fraud has jumped 10 percent...
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Why This Could Be the “Worst Ever” Season for Tax Fraud
This year’s weird D.C. holiday-affected tax filing deadline is now behind us, and as millions of filers wait for refunds, an ominous and looming fact could affect that much-anticipated refund check. There was a staggering 60-percent increase in stolen taxpayer...
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Transaction Laundering: A Growing Fraud Risk for Merchants
Author Patrick Reames is just one of the latest victims of transaction laundering — and he’s the one stuck with the bill. In February, Reames had received a 1099 tax form from Amazon reflecting his $24,000 cut of book sales...
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Online Financial Fraud Doesn’t Have an Age Bias
Online financial fraud is becoming more difficult to spot as fraudsters and cybercriminals create more sophisticated schemes, seemingly on a daily basis.
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“Low and Slow” Is How the Credit Card Fraudsters Roll
Fraudsters are increasingly taking a low-and-slow approach to credit card fraud, making small recurring charges that too many consumers tend to ignore.
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Fraud Protection for Government Agencies
If you think “Meltdown” and “Spectre” are scary, just take a look at some of the other threats facing government agencies this year. As The Hill reports, the Department of Homeland Security has issued guidance on mitigating these twin vulnerabilities,...
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Life, Annuities and Retirement Services: New Targets for Account Takeover
Life, annuity and retirement services could soon get schooled in account takeover (ATO) attacks the same way banks did before them—if key lessons from today’s digital identity revolution go unheeded. As it stands, 2018 is already shaping up to be...
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Machine Learning Techniques for Fraud Analytics, Part 2
In part 1, we considered how to tackle first-party fraud. In this post, we will look at probably the harder type of fraud to predict, which therefore requires more advanced techniques – third-party fraud. When the Fraudster is Not Your...
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Machine Learning Techniques for Fraud Analytics, Part 1
Fraud analytics is an endless game of cat and mouse, but machine learning just might be the tool to help fraud professionals win this game. In the financial services world, fraudsters must be faster and smarter than the slowest bank...
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Financial Crime and Cyber Fraud Converge in Menacing Mashup
A crackdown on international money laundering has confirmed fears about the convergence of cyber fraud and financial crime that threatens to hobble online fraud prevention efforts in 2018 and beyond. According to reports, law enforcement agencies in 26 countries partnered...
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