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 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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
How to stay ahead of the rise of synthetic fraud
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified …