Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
In the aftermath of the pandemic and global political unrest, the risks of identity and credential theft have surged, and a deluge of scams are exploiting the crisis. Consumers facing disrupted incomes seek credit solutions, and fraudsters seek to exploit them by using application fraud tactics.
With the rampant surge of fraudulent schemes hitting the world at the moment - including the creation of fake cryptocurrencies, bank websites and investment scams - a more dynamic and holistic approach to detection and prevention is mission-critical for banks and regulators.
With this rampant surge of fraudulent schemes hitting the world at the moment a more dynamic and holistic approach to detection and prevention is mission-critical for banks and regulators.
In this E-book Lisa Wyver and Gerard McDonnell looked at the source of these scams, highlighted the relationship between fraud...
Financial institutions globally have invested heavily in anti-financial crimes strategies and the tools used to report potential risk to regulatory authorities. But so have their adversaries. How are institutions employing emerging tech such as AI/ML to create more effective fraud defences?
David Stewart, Global...
An evolution in transaction monitoring is required to accurately detect suspicious activity and truly reduce false positives.
This comprehensive guide helps you quickly assess your program’s current state and identify opportunities for improvement. By updating processes, implementing the right tech, and closing...
Financial institutions globally have invested heavily in anti-financial crimes strategies and tools that report potential risk to regulatory authorities. But so have their adversaries. David Stewart and Keith Swanson discuss how institutions are using AI/ML to create more effective fraud defenses.
Synthetic ID fraud has moved beyond business-to-consumers to business-to-business fraud as more bad actors are opening fraudulent commercial accounts at financial institutions, said Dori Buckethal, vice president of risk and fraud solutions at Thomson Reuters.
Transaction monitoring must keep up with the multiple and fast-moving risks of today’s world. In addition to the many typologies by which criminals push illicit funds through the financial system, financial institutions are challenged to effectively counter the myriad of risks around black swan events, ESG crimes,...
Is your organization ready for the new PCI DSS 4.0 Standard? If you’re already compliant with the most recent version of the Payment Card Industry Data Security Standard (PCI DSS), you’ve probably already begun transitioning to version 4.0 ahead of the upcoming deadline. To help you make the journey easier and...
The alleged operator of the darknet narcotics marketplace Monopoly has been extradited to the U.S. to stand trial. The FBI said it identified Milomir Desnica, a 33-year-old dual Croatian and Serbian national, thanks in part to invoices found in a Monopoly database seized by German law enforcement.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
It takes organisations 280 days on average to identify and contain a cyberbreach. But IT security leaders who can connect and automate security, risk, IT and asset management workflows on a single platform can improve the mean time to contain breaches by 85%. Read this guide to learn how you can transform your IT...
Each year, billions of dollars are transferred in and out of money mule accounts to support a variety of money laundering schemes. But banks are now using machine learning and AI more effectively to spot mule accounts. Two experts shared the latest approaches and tools for beefing up AML programs.
2022 taught us that fincrime is anything but predictable. Fraud activities and scams have rapidly evolved, accompanied by increasingly audacious fraudsters. From individuals to businesses, government entities to financial institutions (FIs).
Download our comprehensive whitepaper to learn how to:
Build robust fraud...
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