Fraud & Security

Showing Latest Fraud & Security

ID verification and authentication unreliable due to AI Deepfakes

05 Feb 24 @ 17:49

Last week represented what could be a turning point in peoples trust in ID verification tools across the internet. A finance worker at a multinational firm was tricked into paying... read more

New research reveals impact of APP fraud

02 Feb 24 @ 17:55

APP fraud (Authorized Push Payment ) losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by... read more

Mastercard launches GenAI fraud detection

02 Feb 24 @ 17:33

Mastercard has introduced a new AI tool to combat fraud. Decision Intelligence Pro is “an advanced iteration of its renowned Decision Intelligence (DI) real-time decisioning solution” a Gen AI consumer... read more

First commercially available “Post Quantum Ready” PKI platform

19 Jan 24 @ 12:32

Entrust has announced the general availability of its Post-Quantum Ready PKI-as-a-Service (PKIaaS PQ) platform. With this launch, the company’s cloud-based PKI as a Service offering can now provide both composite... read more

Tether: The new favoured route for money laundering

16 Jan 24 @ 18:10

A new report has found that casinos, junkets, and cryptocurrency have emerged as a critical piece of the underground banking and money laundering infrastructure, fuelling transnational organized crime. Tether has also... read more

Fraud predictions: Fintech, AI and Retail

08 Jan 24 @ 16:35

As we move seamlessly into 2024 it is an unfortunate fact that fraud across the payments industry will continue to grow as the industry continues to innovate and mature, but... read more

How AI improves efficiency and performance for Fraud and AML

14 Dec 23 @ 11:14

In a new white paper, Halyna Hermanns and Dr. Stephan Lemkens from INFORM GmbH outline developments in AI that deliver for both Fraud and AML. Here, they explain why banks... read more

APP fraud losses expected to hit $6.8 billion by 2027

06 Dec 23 @ 11:18

APP fraud (Authorized Push Payment ) losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by... read more

Denmark: Online banking fraud is exploding

05 Dec 23 @ 17:37

While there were a total of 3,897 cases of online banking fraud in Denmark in the whole of 2022, that figure has grown to 5,212 cases in H1 2023 alone,... read more

Dark side of the boom – consumer e-commerce fraud rising

04 Dec 23 @ 17:17

Over a third of all internet shoppers (40%) committed e-commerce fraud within the last 12 months. This is one of the shocking central findings of new research commissioned by fraud... read more

How AI helps Fraud and AML teams join forces for better performance

30 Nov 23 @ 11:32

As criminal innovation rockets in the digital era and financial institutions cope with rising cost pressures and growing compliance burdens, a new white paper from pioneering global software specialists INFORM... read more

Fraud keeps getting worse – what strategies can really help?

24 Nov 23 @ 13:47

The relentless storm of bad news about fraud won’t stop. Whether it’s a JD Power survey claiming 1 in 3 Americans suffered debit card fraud last year, news from Outpayce... read more

Trending

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more