Soaring losses accelerate investments in anti-fraud tech
The pandemic has opened a Pandora’s box of global fraud. Faced with a seemingly endless onslaught of schemes and scams, anti-fraud pros have doubled down on analytics, …
Online fraud skyrocketing: Gaming, streaming, social media, travel and ecommerce hit the most
An Arkose Labs report is warning UK commerce that it faces its most challenging year ever. Experts analyzed over 150 billion transaction requests across 254 countries and …
AI can spot biometric spoofing attacks with ease
Humans have far greater difficulty identifying images of biometric spoofing attacks compared to computers performing the same task, according to research released by ID …
Why cybersecurity and anti-fraud teams need to collaborate
Over the past couple of years, there has been unprecedented change in the world of financial services. The shift to online banking has accelerated the need for digital …
People working in IT related roles equally susceptible to phishing attempts as the general population
Phishing emails that mimic HR announcements or ask for assistance with invoicing get the most clicks from recipients, according to a study from F-Secure. The study, which …
Number of data compromises reaching all-time high
According to an Identity Theft Resource Center (ITRC) report, the overall number of data compromises (1,862) is up more than 68 percent compared to 2020. The new record number …
Use of AI to fight insurance fraud hits all-time high
Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to an insurance fraud technology study by the Coalition Against Insurance Fraud …
Fraud detection and prevention market to reach $75,139.66 million by 2028
The global fraud detection and prevention market is expected to grow from $26,511.84 million in 2021 to $75,139.66 million by 2028; it is estimated to register a CAGR of 16.0% …
Buy now, pay later fraud, romance and cryptocurrency schemes top the list of threats this year
Experian released its annual forecast, which reveals five fraud threats for the new year. With consumers continuing to take a digital-first approach to everything from …
Healthcare fraud detection market to grow steadily by 2026
43% of the growth will originate from North America for the healthcare fraud detection market. The US and Canada are the key markets for healthcare fraud detection in North …
Fraud detection is great, but you also need prevention
In this interview with Help Net Security, Itay Levy, CEO of Identiq, talks about the importance of fraud detection when it comes to protecting an organization but also its …
Spike in brand abuse attacks, 3-D Secure transaction volume rising
Outseer has published its latest quarterly Fraud & Payments report, confirming a troubling and massive spike in worldwide brand abuse attacks. The Q4 installment of the …