online fraud

Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

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RBI: Online Payment Fraud in India Surges 400% in a Year
RBI: Online Payment Fraud in India Surges 400% in a Year
May 30, 2024  |  Security & Fraud

According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in...

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Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
January 11, 2024  |  Fraud Prevention

Many eCommerce merchants fail to connect the dots between fraud detection and failed payments. In fact, just one-third of merchants employ mechanisms that detect potential...

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SpyCloud Secures $110 Million Funding to Strengthen Digital Identity Protection
SpyCloud Secures $110 Million Funding to Strengthen Digital Identity Protection
August 23, 2023  |  Investments

SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against...

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When It Comes to Proving Their Identity, 40% of Consumers Say Make It Easy
When It Comes to Proving Their Identity, 40% of Consumers Say Make It Easy
July 19, 2023  |  Digital Identity

As fraudsters grow more sophisticated, so too must the fraud defenses of eCommerce sites and other operators who sail the shark-infested waters of digital commerce....

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Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023  |  Security & Fraud

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report....

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UK Records $1.5 Billion in Fraud in 2022
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023  |  Security & Fraud

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded...

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EU Cracks Down on Phone Number Masking to Protect Consumers
EU Cracks Down on Phone Number Masking to Protect Consumers
December 21, 2022  |  Fraud Prevention

Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment...

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Diverse Data Sets Help Tackle Fraud Without ‘Unnecessary’ Payment Friction
Diverse Data Sets Help Tackle Fraud Without ‘Unnecessary’ Payment Friction
December 21, 2022  |  Security & Fraud

Analysis of a variety of data sets is central to tackling online fraud without creating customer friction. As the digital economy grows and evolves, fraudsters...

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