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identity theft
Cosumers don’t think they can dodge identity fraud

Nearly one in 10 smartphone users in the UK (9%), as many as 5.7 million people, have fallen victim to identity fraud in the last 12 months, according to a research by GBG. …

Pay
Consumers demand a digital banking experience with security at its foundation

The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption …

ecommerce
Fraud detection and prevention costs merchants more than fraud itself

European merchants spent nearly €7 billion on fraud detection and prevention in 2021 alone – more than three times the value lost to fraud in the same year, CMSPI estimates. …

identity theft
Look out for identity theft and fraud crimes as tax season begins

Now more than ever, life happens online. But, with greater connectedness comes enhanced risk. Millions of Americans fall victim to identity theft and fraud each year, …

VR
How hackers could use popular virtual reality headsets to steal sensitive information

Researchers at Rutgers University-New Brunswick have published “Face-Mic,” the first work examining how voice command features on virtual reality headsets could lead to major …

skull
Fraud and scam activity hits all-time high

Bolster published a report which shows an unprecedented level of fraud activity, spurred by the continuing growth of digital commerce, leading to an explosion of companies’ …

thief
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, …

account
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
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 …

lightbulb
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 …

phishing
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 …

face
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 …

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