Fraud Prevention

Thought leadership for cybersecurity, fraud and digital channel professionals

Six Key Requirements for Selecting a Payment Fraud Management Solution

When it comes to managing payment fraud, merchants have thousands of processors and gateways from which to choose. It’s a competitive space, so you have to stand out. Only the most advanced and comprehensive solution will help you deliver an advantage in the marketplace. Your customers expect frictionless onboarding, streamlined workflows and optimized fraud management…

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Vince Lau
By Vince Lau Posted

Accelerating Policy Processing While Bolstering Insurance Fraud Prevention

Established insurers and insuretech startups have adopted technologies to offer instant policy quotes and rapid claims processing in an effort to attract and retain today’s digital consumer. However, the same technologies that make it faster and easier to sign up for insurance or submit a claim make it shockingly easy for fraudsters and organized fraud…

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Frank Teruel
By Frank Teruel Posted

Move Fraud Detection to the Point of Sale

According to the FBI, the total cost of insurance fraud (not including health insurance) is estimated to be more than $40 billion per year. That means insurance fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums. Insurance companies are well aware of this. They have been…

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Andreas Baumhof
By Andreas Baumhof Posted

Fraud, Friction and Digital Transformation

The banking industry’s digital revolution is already well underway. For established institutions, it is no longer a matter of “if” they’ll have to undertake a digital transformation. It is a matter of “when” … and the “when” is now! For those just starting their digital transformation, and even those who have already started, recent research…

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Armen Najarian
By Armen Najarian Posted

Digital Identity and Insurance Fraud Prevention

What would Barton Keyes think of insurance fraud prevention in the digital age? In the 1944 film noir classic “Double Indemnity,” Keyes, a brilliant claims adjuster played by screen legend Edward G. Robinson, ferrets out a life insurance scam perpetrated by an adulteress and her lover, who happens to be Keyes’s protégé. The information on…

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Alisdair Faulkner
By Alisdair Faulkner Posted

PSD2 and the Open Banking Revolution: Fraud Prevention in the Bold New World of Financial Services

Part One of a Three Part Series It’s no secret that the open banking revolution is gearing up to fundamentally transform the financial services industry and unleash an amazing new era of innovation. But for all its promise, success will ultimately be predicated upon one critical element: Fraud prevention. Race to Tomorrow Over the last…

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Vanita Pandey
By Vanita Pandey Posted

E-Retailers Beware: Fraud Attacks Could Hit 50 Million During Holiday Season

For e-commerce vendors in many parts of the world, the time between now and Christmas represents the biggest shopping period of the year. Attention will be rightly focused on website performance, ERP systems, the supply chain and other key operational factors to ensure there are no issues which could affect profits. But a word of…

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Vanita Pandey
By Vanita Pandey Posted

Advancing Beyond Device Fingerprinting to Prevent Loan Fraud

When it comes to preventing loan fraud, is it time to give a “thumbs down” to device fingerprinting? Without a doubt, device fingerprinting plays a crucial role in any anti-fraud operation. By capturing a fixed set of device attributes—browser configuration, operating system, screen resolution and more—it can identify computers and mobile devices used to commit…

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Armen Najarian
By Armen Najarian Posted

Will Online Fraud Give Firms a Torrid Time in 2016?

The ‘digital first’ economy went from strength to strength in 2015, helping transform the way we all do business. But latest analysis of fraud attacks shows that alongside these huge benefits, more and more firms have ended up losing money and customer trust thanks to cybercriminals. The truth is that the bad guys have become…

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Stephen Topliss
By Stephen Topliss Posted

Fraud Top Ten Tips: The Cybersecurity Breach Aftermath

Protecting against downstream fraud attacks in the wake of large-scale security breaches. Digital companies can no longer trust static login and user credentials.  In the wake of all the large-scale data breaches we’ve seen in the last few years, stolen data such as login credentials and payment details is being widely leveraged by cybercriminals for fraudulent…

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Lizzie Clitheroe
By Lizzie Clitheroe Posted
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