Fraud Prevention

Thought leadership for cybersecurity, fraud and digital channel professionals

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

ThreatMetrix to Discuss Botnets, Cyber Attacks in Mobile Payments Industry Workgroup Panel

Our Chief Products Officer, Alisdair Faulkner, is on the east coast this week to join the Mobile Payments Industry Workgroup (MPIW) panel on November 12 at the Federal Reserve Bank of Boston. From card-on-file tokenization to mobile in-app payments, the discussion will highlight a variety of tools and technologies that can aid e-commerce businesses in…

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ThreatMetrix
By ThreatMetrix Posted

How Contextual Fraud Prevention Can Turn Banks into ‘RAT Catchers’

In the never-ending arms race that is cyber security and fraud prevention, criminals have a secret weapon: the Remote Access Trojan (RAT). RATs can enable even fraudsters with minimal technical know-how to take over a victim’s device or machine and transfer money out of their account. This is done under the radar of traditional security…

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Lizzie Clitheroe
By Lizzie Clitheroe Posted

FBI Says Corporate Account Takeover and Other Email Scams are Big Business for Bad Guys!

Account Takeover Email Scams Cost U.S. Corporations Over $1Billion a Year! Neither snow nor rain nor heat nor gloom of night stays these couriers of crime from the swift completion of their appointed rip-offs. This could be the motto of cybercriminals who, between October 2013 and June 2015 stole some $1 billion via a number…

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ThreatMetrix
By ThreatMetrix Posted

When Is a Credit Card Fraud Deadline Not a Deadline? The EMV Chip.

A Number of Surveys Indicate That Some Merchants Are Taking the EMV Chip Deadline as a Suggestion Accepting the Liability For Credit Card Fraud. October 1 The EMV Chip deadline is coming on fast — ready or not. The answer from many merchants according to several surveys on digitaltransactions.net is NOT! And the negative repercussions…

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ThreatMetrix
By ThreatMetrix Posted
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