Blog

  • From Lambs and Wolves: Keeping Pace With The Evolution of Fraud

    15. March 2018

    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.

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  • RISK IDENT Chosen As Florin Award Nominee

    26. February 2018

    We are extremely proud to announce that RISK IDENT has been nominated in the “Best Innovation in Securing Transactions” category at the Florin Awards, a ceremony scheduled to take place during the exciting FinTech Security Fair & Awards event happening at the European Payment Summit in The Hague on March 14-15, 2018. Find out how to vote for us!

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  • Battling the Bots: The Tough Fight Against Ticket Fraud

    2. February 2018

    The ticketing industry has long been plagued by fraud, but the rapid advancement of technology in the past decade has given criminal entities the tools needed to create massive chaos in the business. With the help of multiple IDs and ticketing “bots,” fraudsters are now able to purchase tickets at an industrial scale and then illegally sell them on to secondary markets for exorbitant prices.

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  • Voice Shopping On Target To Be Fraud Managers’ Next Hurdle

    24. January 2018

    “Alexa, how do I prevent payment fraud as voice shopping becomes increasingly popular?”
    This is a relevant question as voice-activated shopping remains on target to become the next big growth channel for e-commerce. 19% of consumers in the U.S. made purchases with voice-command technology in 2017 (mainly with Amazon Echo and Google Home digital assistants), says a survey by Walker Sands, while 33% say they have plans to use voice shopping by the end of 2018.

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  • Meltdown and Spectre Chip Flaws Raise Fraud Flags

    15. January 2018

    2017 saw rollercoaster moments in online fraud, including hacks at Equifax and Uber, and 2018 might be just as eventful: Security researchers have found major flaws — called Spectre and Meltdown — in chips used in billions of computers, mobile phones and tablets around the world. Apple, Google and Microsoft have scrambled to issue patches and software updates to prevent hackers from taking advantage of the vulnerabilities. But are they too late?

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