Blog

  • AI Is Driving Fraud Prevention, But Humans Must Keep Steering

    11. October 2018

    The fraud prevention highway of today looks quite different than the fraud prevention highway of even just a few years ago. Major advances in artificial intelligence and newfound affordability of machine learning techniques have paved a new road, and self-evolving fraud prevention solutions are on the way to making traditional rule-based solutions close to obsolete. Enterprises all over the world are scrambling to implement machine learning technology into their business plans, with 60% of executives reporting that AI is critical…

    Read more
    Risk Ident
  • How Fraud Prevention Affects Online Shopping Cart Abandonment Rates

    8. August 2018

    With so many recent data breaches leading to the rise of account takeover fraud, more and more businesses are investing in tougher fraud prevention solutions to protect profits as well as customers. But the risk of implementing stricter anti-fraud strategies or tuning a company’s fraud filters too tightly is an increase in false positives (when a fraud prevention solution wrongly flags or declines a legitimate transaction). Unfortunately, these declined purchases have a high cost for businesses in more ways…

    Read more
    Risk Ident
  • 3,2,1, ACTION Against Ticket Touts

    23. July 2018

    With so many recent data breaches leading to the rise of account takeover fraud, more and more businesses are investing in tougher fraud prevention solutions to protect profits as well as customers. But the risk of implementing stricter anti-fraud strategies or tuning a company’s fraud filters too tightly is an increase in false positives (when a fraud prevention solution wrongly flags or declines a legitimate transaction). Unfortunately, these declined purchases have a high cost for businesses in more ways…

    Read more
    Risk Ident
  • False Positives Hurt Your Business More Than You Think

    25. June 2018

    With so many recent data breaches leading to the rise of account takeover fraud, more and more businesses are investing in tougher fraud prevention solutions to protect profits as well as customers. But the risk of implementing stricter anti-fraud strategies or tuning a company’s fraud filters too tightly is an increase in false positives (when a fraud prevention solution wrongly flags or declines a legitimate transaction). Unfortunately, these declined purchases have a high cost for businesses in more ways…

    Read more
    Risk Ident
  • Real-Time E-Commerce Equals Real-Time Fraud Threats

    6. June 2018

    The notoriously impatient Willy Wonka character Veruca Salt can’t hold a candle to today’s consumers, many of whom expect their every wish and command to be granted right-this-second. In light of this speed of want attitude, the on-demand market in the U.S. has rocketed to incredible heights, surging from a $22 billion dollar industry in 2015 to a $34 billion dollar industry in 2017 — with an expectation to become a $57 billion dollar industry by the end of…

    Read more
    Risk Ident