With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent industry discussion was held to discuss ‘the rise of financial... more
The post Cybercrime spike as pandemic creates perfect storm for fraud appeared first on Payments Cards & Mobile.
Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... more
The post Rule of the machines: can AI and ML really help fight fraud? appeared first on Payments Cards & Mobile.
The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... more
The post Identity fraud losses increase 15% as consumer out-of-pocket costs more than double appeared first on Payments Cards & Mobile.
Account takeover (ATO) is a major issue for any business looking to protect customer data in the digital environment – and these days, that means pretty much everyone. Adam Lee,... more
The post Account takeover fraud is growing fast – There’s a better way to stop it appeared first on Payments Cards & Mobile.
According to PwC’s 2018 Global Economic Crime and Fraud Survey, 61% of banks across the globe experienced an increased volume of external fraud in 2018, with 59% stating that the... more
The post Asia Pacific – Time to rethink your fraud management strategy? appeared first on Payments Cards & Mobile.