Multiple companies in payments and commerce are pressing the gas on the emerging connected vehicle ecosystem — but some speed bumps are appearing, and some of them look to be pretty significant in the coming years. It’s hardly news that consumers (along with regulators and...
Businesses evolve and so does fraud. The data is out there to help separate good transactions from bad, but not all data is equal. Rich Stuppy, chief customer experience officer at the fraud prevention company Kount, explains why the company has launched a new solution...
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Rather, it’s to remind...
Citi has unveiled its Payment Outlier Detection system, which helps corporates find anomalies in payment flows, cutting down on fraud and false positives. Manish Kohli, global head of payments and receivables at Citi, tells Karen Webster how machine learning and AI can help corporate treasurers...
Digital fraud prevention company Kount has launched a new artificial intelligence (AI)-driven solution to enhance payments fraud prevention. The company said this latest solution creates the closest simulation of the decision process of an experienced fraud analyst, but in a faster, more accurate and more...
The $138 billion video game market has become a lightning rod for cybercriminals looking to make a quick buck. Game-related crime such as piracy is as old as the industry itself, but the rising prevalence of online connectivity has opened up a plethora of new...
Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break into houses and steal valuable items during the wake or funeral. But like most analog businesses, this criminal model has gone digital. Today,...
Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. During a hearing for the U.S. Senate Homeland Security and Governmental Affairs Subcommittee on Investigations, executives from Equifax and Marriott were called...
New technologies keep emerging in the fight against fraud — biometrics, for instance — but they are not the only part of pushing back against criminals and preventing them from stealing data and money. The process tied to fraud prevention matters significantly, too. And that includes...
