Press and News

Press and News

RISK IDENT in the Press

28 November 2018:

Caller ID: Defeating Identity Theft Tactics

While fraudsters work hard on feeding the Darknet with data, RISK IDENT and Telekom use data intelligently to do away with telecom fraud

Banks and financial institutions are a well-known hot target for identity theft fraudsters, but now criminals have earmarked a new pray: telecommunication companies.

Telecoms is now considered one of the hardest hit industries, with Cifas reporting that the mobile telecommunications identity fraud rate nearly doubled in 2017

> Read the whole article

08 November 2018:

On-demand commerce demands a fresh approach to fraud

By Felix Eckhardt, CTO, and Piet Mahler, COO, RISK IDENT

One of the key aspects of an on-demand culture is the expectation of instant online purchasing power without suffering a security breach. Consumers are becoming increasingly less tolerant of delays when it comes to shopping online, yet with real-time payments comes the risk of real-time fraud.

In this article with The Paypers, we delve into what merchants can do to keep up security in this digital arms race.

> Read the whole article

26 September 2018:

Are you agile enough to take down a fraudster?

By Felix Eckhardt, CTO, and Piet Mahler, COO, RISK IDENT

Fighting fraud is a fast-paced business. Fraudsters are working 24/7 to exploit any weaknesses in merchants’ systems. To defend ourselves we need to innovate at the same pace.

At RISK IDENT we are focused on increasing the agility and speed of development in our software engineering, in order to meet this evolving threat.

> Read the whole article

29 August 2018:

Telecom fraudsters give mobile companies a threatening wake-up call

Dustin Clinard, Managing Director at RISK IDENT, on how to reduce romance fraud and account takeover in the telecommunication industry

Identity theft has always been a nightmare for banks, insurers and financial institutions. Over the past few years, however, the threat has infiltrated the telecommunication sphere. So much so, telecoms are now considered one of the hardest hit industries.

> Read the whole article


7 August 2018:

BOPIS fraud leaves merchants puzzled, fraudsters rich

As Buy Online, Pick-Up in Store (BOPIS) shopping becomes significantly popular, RISK IDENT’s Dustin Clinard gives insights into the unique type of fraud that is coming along with it

> Read the whole article

27 July 2018:

Call of Duty: Telecoms Firms Must Tackle Account Takeover Fraud

Account takeover fraud is sweeping the globe, and the telecommunications sector is one of the hardest hit industries. Fraudsters are leaning heavily on telcoms for illegal gains, and both the companies and their customers are feeling the shock. But why is this industry such an attractive target, and what can telcoms bosses do to lessen the damage?

> Read the whole article

17 July 2018:

Outwitting fraudsters with machine learning and AI

RISK IDENT CEO Roberto Valerio sheds light into the way Artificial Intelligence and Machine Learning work to prevent fraud, going way beyond their buzzwordy meaning.

> Read the whole article

16 July 2018:

How can the telecoms industry block the account takeover threat? periodically invites third parties to share their views on the industry’s most pressing issues. In this piece Roberto Valerio, CEO of anti-fraud specialist, RISK IDENT, explores the challenge of identity theft in the telecommunications sector, and explains how companies can cut off the fraudsters before they do damage.

> Read the whole article

12 July 2018:

Time for telecoms firms to take on the account takeovers

With identity theft on the rise across the telecommunications sector, Roberto Valerio, CEO of anti-fraud specialist, RISK IDENT, explains how companies can tackle the issue before customers are hurt.

> Read the whole article

18 June 2018:

Surviving new cybercriminal fraud tactics takes greater stealth and sophistication 

With data breaches, identity theft and account takeover becoming more the norm rather than the exception, businesses need to re-think their fraud prevention methods.

> Read the whole article

12 June 2018:

2018 Fraud Operations Study

Fraud is ugly. And, like many ugly things, it often goes wanting for attention. Merchants, by nature, want to sell things. They want to think of their customers in terms of how their needs can best be met, not how to stop the relatively few trying to take advantage. These two facts have combined in a way that has resulted in a difficult environment for fraud prevention professionals.

> Read the whole article

08 June 2018:

Mobile Fraud Is Calling. Here’s How Businesses Should Answer

Consumers are opting for mobile payments and purchases at such an exponential rate, many businesses are not yet fully equipped to deal with the corresponding mobile fraud — especially m-fraud that happens via mobile apps. Unfortunately, fraudsters are acutely aware of the vulnerability.

Cellphones have quickly become the go-to tool for everything. They’re a pocket-sized navigation system, encyclopedia, calculator, stereo system and hub of communication. And as of 2017, smartphones have become one of the most preferred methods chosen by consumers for their banking, payment and shopping activities.

> Read the whole article

04 June 2018:

How can online businesses safeguard customers against ID theft? 

Criminals are constantly updating and evolving the methods they use to commit identity fraud. While serious steps have been taken by authorities and businesses across Europe to tackle the problem and safeguard consumers, the threat remains significant.

As the frequency of fraud increases, so does consumer awareness of the issue – thanks to headlines in the press and on TV. With this in mind, it is clear that if a business fails to adequately protect consumer data, they don’t just stand to lose short-term revenue, they risk their brand reputation over the long term.

> Read the whole article


01 June 2018:

Global Retail Banking Report

The huge data breach at credit bureau Equifax and the fake-account scandal at financial services company Wells Fargo may nudge the US to follow Europe’s lead on data protection.

The General Data Protection Regulation (GDPR) comes into force in May 2018 across the European Union. It will oblige all companies, including banks and fintechs, to have controls and systems in place relating to how they obtain customer data, how they store it and for how long, and how they may reuse it.

                                > Read the whole article

31 May 2018:

Fraud prevention: the industry’s myths and hypes

Roberto Valerio & Dustin Clinard with RISK IDENT reveal the myths and hypes surrounding the fraud prevention industry and best practices in leveraging machine learning and smart data.

                                > Read the whole article

 10 April 2018:

Attack of the Phones: Why A Mobile-First Fraud Prevention Mindset Is Important

All eyes in the payment and banking worlds are on mobile phones at the moment, and with good reason. Though the past few years have already given us mind-boggling statistics like there are more cell phone users than toothbrush users on the planet, 2017 marked the first year in which it’s absolutely clear that consumers are beginning to prefer mobile phones for their payment, shopping and banking needs.

                                > Read the whole article

05 April 2018:

From Lambs and Wolves

The classic fraudster targeted brick-and-mortar banks and was a lot like a lone wolf; he would take a high personal risk and howl in delight over his spoils. But because the fraudster could not show his face in the establishment again, the typical risk for a bank was a one-time loss. Fake identities did occasionally appear, but most of the fraud seen was soft fraud — fraudsters using their own identity and disguising the missing creditworthiness.

                                > Read the whole article

06 March 2018:

Data breach fatigue leaves no room for snoozing as ATO alarms blare

The rapid rise of account takeover fraud has reached record levels with no sign of slowing down. This has left companies that wish to avoid surrender scrambling to match the stealth and sophistication of today’s fraudsters. Successfully thwarting criminals who pose as trusted users is proving to be a difficult task; especially given how the problem with account takeover (also called ATO) originated, and how the recent onset of data breaches has escalated its prevalence.

                                     > Read the whole article

09 January 2018:

What Does The Future Hold For The Fight Against Fraud?

2017 has been an eventful year in online fraud. Data breaches are ramping up by the week – not by the month anymore – and hit mainstream media headlines as we saw with the leak at Uber just last month. Meanwhile, companies in Europe (and beyond) have been preparing for the implementation of the General Data Protection Regulation (GDPR).

> Read the whole article

24 November 2017:

How To Survive Black Friday With Your Identity And Wallet Intact

Black Friday is upon us and retailers of all shapes and sizes are launching what is predicted to be yet another sales bonanza, with the UK alone expected to spend more than GBP 10 billion over the five days from Black Friday to Cyber Monday.

> Read the whole article

10 October 2017:

Fighting Fraud: An interview with Roberto Valerio

Fraud is continually strengthening and evolving. Even though it suffers repeated blows, it’s clear that the threat to online businesses has never been greater. Significantly, as fraud rises, so does consumer knowledge of the is- sue, with headlines like: “You are now 20 times more likely to be robbed while at your computer than held up in the street”. So if a business does not have sufficient fraud prevention strategies in place to protect consumer data, then not only are revenues on the line, but so is the business’ reputation.

> Read the whole article

16 August 2017:

From Europe to US: addressing cross-border fraud with fraud prevention technology

Dustin Clinard, Risk Ident, shares his input on fraud prevention opportunities in the US and Europe ecommerce fields and strategies to beat fraudsters at their own game.

> Read the whole article

14 August 2017:

Artificial intelligence is our past, present and future

Artificial intelligence (AI) is the current buzzword of business. Computer software is helping us choose our films and music, dealing with our customer service enquiries, and improving our healthcare. It is also helping fraud managers across the world to spot and stop fraudsters, keeping us safe online.

> Read the whole article

12 July 2017:

Man and machine – the prefect fraud-fighting team

Science fiction would have us believe that man and machine will one day wage war on each other, but the reality is that artificial intelligence and machine-learning have been with us for years, and technology is already helping us in ways we may not have fully appreciated.

> Read the whole article

27 June 2017:

Fighting fraud in a diverse payment landscape

The threat of eCommerce fraud in Europe has risen in line with the growth of eCommerce itself. In fact, Europol’s Internet Organized Crime Threat Assessment (IOCTA) 2016 revealed that eCommerce fraud has now been classified as a “key threat”. Is it any wonder when 66% of the EU’s total card fraud is coming from card-not-present (CNP) transactions?

> Read the whole article

14 March 2017:

Protecting business and customers: Meeting the modern anti-fraud challenge

Online customers have never been so vulnerable. A recent survey by Pew Research Center found that 16% of North Americans have had their email accounts hacked while 13% claim that someone has taken over at least one of their social media accounts. In total, 64% of respondents had personally experienced a major data breach and 41% had encountered fraudulent charges on their credit cards.

> Read the whole article

6 February 2017:

Trust the Machines – Let Them Help You Fight Fraud

Anyone who’s seen The Terminator, The Matrix or more recently Ex Machina could be forgiven for thinking that the machines will inevitably turn on us. The reality away from the big screens is that artificial intelligence and machine learning is all around us and is benefiting our lives in more ways than we had perhaps appreciated.

> Read the whole article

10 January 2017:

Successfully Steering the Ship Though a Stormy Sea of Fraud in 2017

2016 was a remarkable year in fraud. We saw the first pan-European e-commerce fraud operation, which ended with the arrest of 42 professional fraudsters, as well as a 17-year-old prosecuted for stealing 21,000 customer bank details from a major broadband provider. But like the mythical monster Hydra, one severed head in fraud can spawn two even more menacing heads.

> Read the whole article

2 November 2016:

Account takeover fraud is not a lottery: lax security allows fraudsters in

The UK’s National Lottery recently became the most recent high-level organisation to fall foul of account takeover fraud. Around 26,500 accounts are feared to have been hijacked with sensitive details potentially at risk. National Lottery confirmed that although its own systems had not been compromised, players’ login details had been stolen from elsewhere.

> Read the whole article

24 November 2016:

Black Friday: Higher sales, higher risk

eCommerce is looking forward to busiest time of the year. In recent years, Black Friday has been the single most profitable retail day in the US and in UK and the trend has now spread Cyber Monday, making it a weekend-long retail festival that acts of as a starting gun for the December Christmas trade.

> Read the whole article

22 November 2016:

Account takeover fraud: What is it and how can you protect your ecommerce store?

At Risk Ident we have noted up to a 300% increase in account takeover attempts on our eCommerce customers’ webstores in just the last year alone. Recently, O2 reportedly fell victim to account takeover attacks: customer usernames and passwords were allegedly obtained by fraudsters and used to defraud genuine customers.

> Read the whole article

20 September 2016:

Why is account takeover fraud rising and how can it be spotted?

Account takeover fraud is one of the fastest-growing problems in the CNP world today. Over the past year, we at Risk Ident have noted up to a 300 percent increase in account takeover attempts on our customers.

Read the whole article

9 September 2016:

Retail surgery: How can retailers prevent account takeover fraud?

Account takeover fraud occurs when an illegitimate user logs in to a genuine customer account to buy goods and services without the account-holder’s authorisation.

> Read the whole article

22 August 2016:

Risk Ident CEO on board of Merchant Risk Council

Fraud prevention software company Risk Ident has announced the appointment of its CEO, Roberto Valerio, to the European Advisory Board of the Merchant Risk Council (MRC).

> Read the whole article

Bildschirmfoto 2016-08-22 um 11.34.10

1 August 2016:

What is the fastest rising fraud threat to eCommerce businesses in Germany?

Between June 2015 and June 2016, we identified an increase of up to 300% in account takeover attempts on our eCommerce customers in Germany, making it one of the fastest-rising risks of modern online commerce.

> Read the whole article

07 July 2016:

How to combat the growing threat of account takeover fraud

Online fraudsters are constantly devising new ways to get rich at the expense of others. One such strategy, which is becoming increasingly popular recently, is account takeovers.

> Read the whole article

June 2016:

“We make new technology approchable”

Roberto Giorgio Valerio, CEO at Risk Ident GmbH, studied Business Administration but his programming history reaches far back. He started programming at the very young age and therefore he is very technically skilled for a business focused professional. Before Roberto started Risk Ident he was already involved in 3 other startups as a founder.

> Read the whole article

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Jule Dierks
Marketing & Communications