Digital Fraud

KeyBank Battles Push-Payment Fraud With Machine Learning, Other Tactics In the November edition of the “Digital Fraud Tracker,” done in collaboration with Simility, PYMNTS explores the latest in fraud prevention, including the expanding threat of APP fraud, new cybercrime schemes against businesses, banks and government agencies, and the growing use of data analytics and pattern recognition to identify and counter digital schemes. 
Inside the November Tracker
  • An interview with Megan Kakani, VP of product and innovation at KeyBank, on how the COVID-19 pandemic is making authorized push payment (APP) fraud trickier to fight as well as how banks can leverage a multilayered approach to neutralize emerging threats
  • The latest payments modernization developments, including an increase in BOPIS fraud and the recent spike in COVID-19-related phishing attempts
  • A Deep Dive analyzing how banks can leverage behavioral biometrics to reduce APP fraud’s impact

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