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biometrics
Consumers embracing biometrics to protect their information

Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …

eye
COVID-19 creates a boom in biometric adoption

Goode Intelligence published a survey which captured the views and opinions of companies that have deployed or are thinking of deploying biometrics. COVID-19 has accelerated …

Facebook
Facebook Messenger users targeted by a large-scale scam

A large-scale scam campaign targeting Facebook Messenger users all over the world has been detected by Group-IB. Digital Risk Protection (DRP) analysts have found evidence …

money
Payment transaction volume using 3-D Secure protocol grows globally

RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse …

bot
Bad bot traffic reaching an all-time high over the past year

In 2020, Imperva saw the highest percentage of bad bot traffic (25.6%) since 2014, while traffic from humans fell by 5.7%. More than 40% of all web traffic requests originated …

fraud detection
The impact of the pandemic on AML compliance and fraud strategies

New research from FICO highlights the key challenges North American fraud and financial crime teams faced amidst the COVID-19 pandemic. 68 percent of senior executives said …

mobile payment
How global markets are adopting real-time payments

More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41 percent compared to the previous year, as the COVID-19 pandemic …

fraud detection
Fraudulent purchase attempts value increased 69% in 2020

The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in …

Fraud losses
As online fraud rises, 72% of retail brands expect to grow fraud teams

Retailers around the world are increasing their fraud teams and budgets because of a significant rise in all types of online fraud during the pandemic, a research by Ravelin …

money
The war against the virus also fueling a war against digital fraud

TransUnion’s latest analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters are increasing their rate of digital schemes against …

crypto currency
With more than 400,000 crypto scams created in 2020, increase of 75% predicted for 2021

The findings of a Bolster report, along with real life examples, clearly correlate the rise in crypto scams to the value and popularity of cryptocurrencies as well as the …

Fraud losses
Total combined fraud losses climbed to $56 billion in 2020

While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …

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