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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 …

fraud detection
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 …

identity theft
Alarming number of consumers impacted by identity theft, application fraud and account takeover

A new report, developed by Aite Group, and underwritten by GIACT, uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in …

BEC scams
Business email compromise is a top concern for banks

Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results …

thief
The cost of synthetic fraud to reach new highs

A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly …

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