Tags Fraud

Tag: Fraud

Consumers warned of rising fraud levels during Black Friday and Christmas

Experian has warned consumers and businesses to be cautious this Black Friday and Christmas as a surge in fraudulent activity is expected.

Black Friday could cause more victims of BNPL fraud

Buy now, pay later (BNPL) transactions have increased by 182% in 12 months, but as Black Friday looms, LexisNexis Risk Solutions has warned the risk of fraud is high.

Over a quarter of global firms bled more than £1m to...

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Banking leaders fear strength of identity authentication

Over three-quarters of banking and FinTech executives are concerned about strength of current identity authentication methods, according to a study from authID.ai.

Visa boosts anti-fraud measures with Callsign

Payments giant Visa has chosen RegTech company Callsign to be its proffered behavioural biometric digital and device intelligence identity provider.

Online fraud rises 23% in one quarter as people move online

Online card fraud has increased by 23% in the past quarter as more people use online transactions.

Rogue mobile banking app presence records 140% year-on-year hike

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.

ADVANCE.AI aiming for $200m to put it in the unicorn club

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.

SurePay bags €12.2m to help companies prevent payment fraud

SurePay, which provides confirmation of payee services, has collected €12.2m in a round led by Connected Capital.

Spend on Australian cards dipped in 2020, but value of fraud...

Overall spend on Australian cards in 2020 was down by 2.2% - the first recorded drop – but the overall value of card fraud increased by 0.6%.

Watch our webinar to find out more

Learn how to optimise consumer

for POS and remote channels

in digital lending

Essential training, knowledge and forward-thinking 

in RegTech

Enroll today and get 20% OFF the Professional RegTech Certificate

120,000+ FinTech leaders get exclusive industry stories delivered every week