Fraud Prevention

Fraud Prevention
Employing A Multilayered Approach For Robust Fraud Protection
January 20, 2020

Fraud protection techniques have advanced rapidly over the past decade to keep pace with fraudsters preying on emerging weak points. Bad actors have taken full advantage of the online world’s increasing fragmentation as consumers and businesses alike interact across dozens of channels. Banks, businesses and...

Fraud Prevention
Protecting Against Sharing Platform ‘Low-Hanging Fruit’ Scams
January 17, 2020

Not all of the nearly 15 million U.S. RV campers who rely on online vehicle marketplaces get what they pay for. Scammers can pose as RV owners and persuade legitimate customers to transact outside platforms' secure boundaries — stealing funds for nonexistent wheels. In this...

Fraud Prevention
How AI Helps Marketplaces Fight Off-Platform Fraud
January 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. Today’s fraudsters are practiced and well-equipped, making proper data and consumer identification a must to maintain a...

Fraud Prevention
Fraud Decisioning Pulls Ahead In A Tight Race
December 26, 2019

The cat-and-mouse game between law enforcement and code-abusing felons is entering a new year, and a new phase. The world’s biggest social media platforms are cracking down like never before. The latest iterations of third-party solutions are potent hybrids of machine learning and artificial intelligence...

Fraud Prevention
Deep Dive: The Importance Of Taking Fraud Decisioning Strategies Omnichannel
December 26, 2019

Online firms and their banking partners have both the means and motives to stop fraudsters from accessing personal information, but today’s connected economy encompasses markets and customer service channels around the world. Thwarting fraud in one area is not enough to prevent it from cropping...

Fraud Prevention
How TripAdvisor Put The Kibosh On 1M Fake Reviews With Machine Learning
December 23, 2019

Reviews are a critical part of the online travel economy, with online shoppers poring over feedback to decide which companies to patronize. But false reviews can devastate a business's reputation and bottom line if left unchecked. In the latest Fraud Decisioning Playbook, James Kay, TripAdvisor’s...

Fraud Prevention
Digital Fraud And AI Battle To The Death
December 20, 2019

All in all, cybercriminals had a pretty good year. In Q3 2019 alone they made off with cryptocurrency valued at almost $4.5 billion. More than one-third of Americans surveyed report being victims of cybercrime in 2019, and 41 percent of those incidents involved the theft...

Fraud Prevention
Deep Dive: Clean And Friendly Fraud Play Dirty
December 20, 2019

Fraud comes in many forms, and the fight against it never ends. Fraudsters pretending to be someone else generally take one of two approaches: They either use real personal data or invent personal data out of whole cloth. The latter, synthetic identity fraud, is largely...

Fraud Prevention
How TripAdvisor Sends Review Fraudsters Packing
December 20, 2019

Fraudsters are as busy during the holidays as consumers and merchants. There are plenty of opportunities for cybercriminals to wreak havoc, especially as online and mobile shoppers increase their purchasing volume for gifts and holiday travel. Cybercriminals are finding it best to embrace the omnichannel...