Major trends in online identity verification for 2022
As more of our lives move online, we expect identity fraud attempts to continue apace. Fortunately, technology is still one step ahead. While some trends may seem bleak, there …
Massive online crime crackdown leads to 1,000 arrests
An operation coordinated by INTERPOL codenamed HAECHI-II saw police arrest more than 1,000 individuals and intercept a total of nearly $27 million of illicit funds, …
Ecommerce retailers facing a 350% increase in fraudulent online orders
As the holiday shopping season hits full stride, ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce …
Behavioral biometrics: A promising tool for enhancing public safety
While globalization has enabled easy cross-border movement and transactions, fraudulent activities have, unfortunately, followed suit. The growing demand for a multi-layered …
Fraud fighters aren’t prepared for the multi-billion dollar threat of global insurance fraud
Nearly 60% of those tasked with thwarting the multi-billion dollar threat posed by global crime rings are not yet up to the task, reports a study by the Coalition Against …
Top 5 cybersecurity considerations for file uploads of vaccination records
As vaccination mandates become more common, immunization records are increasingly required across the world. Organizations are turning to the digital space to upload images of …
As digital shopping surges, researchers predict 8 million daily attacks
Arkose Labs released new data on the latest fraud trends, revealing increased threats during the holidays, rising bot attacks, and a resurgence in attacks on travel companies. …
Leveraging social media background checks to balance friction and risk
With ecommerce revenues higher than ever and estimated to reach $4.89 million in 2021 (per eMarketer), cart abandonment continues to be a major pain point for the industry and …
Retail industry security incidents soaring, worsened by the supply chain crisis
Imperva’s 12-month analysis on cybersecurity risks in the retail industry suggests that the 2021 holiday shopping season will be further disrupted by cybercriminals …
Unauthorized account openings increased by 21% in the last 12 months
Fifty-eight million consumers had a new account opened without their authorization in the last 12 months, a 21% increase compared to 2020, yet less than half of Americans know …
Biometrics emerging as the preferred identity verification option for digital consumers
Onfido announced the results of a global study with Okta which revealed that businesses have just 10 minutes to set up digital accounts or risk losing consumer trust. The …
Fraud detection and prevention market size to reach $62.7 billion by 2028
The global fraud detection and prevention market size is expected to reach $62.7 billion by 2028, registering a CAGR of 15.4%, according to ResearchAndMarkets. Rise in …