Over the last several decades, issuers and card networks have worked hard to educate consumers on a single point: If a fraudster steals their card number (or physical card) and goes on a spending spree, they as customers will not take the financial hit. All...
Businesses from a wide variety of industries must handle troves of data as they continue to crack down on fraud. Making sense of such large volumes of information can be challenging, though, and firms must ensure that their systems are tapping into and analyzing the...
Catching fraudsters can feel like a game of whack-a-mole for marketplaces that must carefully vet both buyers and sellers. The key, says Oisin Hanrahan, CEO of on-demand professional marketplace Handy, is using artificial intelligence (AI) and machine learning tools to predict the probability of bad...
Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer enough to respond to a fraud attack after it occurs. Businesses must be able to...
Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into the Experian CrossCore platform. The move will help detect fraud patterns, the companies said in a press release. “We share a common mission...
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of ever paying for them, they at least have the merit of being a fairly homogeneous group in terms of intention....
The thrill of the hunt — and chance to snag a good deal — is what drives millennials to local marketplaces. In this month’s Digital Fraud Tracker, Nathan Garnett, general counsel of online peer-to-peer (P2P) shopping marketplace OfferUp, explains how combining user ID verification badges,...
Online tools are saving customers time on acquiring goods and services. Unfortunately, these tools are also saving time for fraudsters, who are seeking to acquire those customers’ funds. Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off...
We might all be in the middle of one of the greatest — and most vital — cat-and-mouse games of all time. That’s the sense one gets when considering efforts to prevent fraudsters from exploiting digital payments and commerce, efforts taking on more importance as...
