- 23. January 201923. January 2019Read more
2019 is upon us – and with it comes new trends in the world of fraud. If there’s one New Year’s resolution businesses should make this year, it’s to keep on top of fraud prevention to ensure payment security for customers. Here’s what to look out for in 2019:
- 21. December 201821. December 2018Read more
2018 is soon to be behind us, and so, as December comes to a close, it’s time to reflect back on the world of fraud this past year.
Who’s on the Naughty List?: The fraud issues that have dominated 2018
Planet of the ATOs:
Over the past 12 months, we’ve seen an increase in account takeover attempts (ATOs) and mobile fraud, leading to a major rise in card-not-present fraud. So what has caused this problem?
- 21. November 201821. November 2018Read more
It’s Fall, and as the leaves turn gold and the nights get longer, the heads turn to Black Friday. For consumers and merchants alike, the annual shopping bonanza is both a blessing and a curse. Shoppers bag their best bargains – yet not without a (sometimes literal) fight – and stores see their highest footfall. However, with the good comes a negative consequence: fraud.
- 11. October 201811. October 2018Read more
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…
- 8. August 20188. August 2018Read more
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…
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