In this month’s Digital Fraud Tracker®, Darren Beyer, chief product and strategy officer at Qolo, tells PYMNTS about the year’s most pressing fraud threats and why he thinks technology deployed in layers is the best way to stay protected.
Credit bureau TransUnion has debuted a tool designed to prevent what it says is a $100 billion problem: the loss of sales revenue to false positives during fraud detection. Dubbed “TruValidate Device Risk with Behavioral Analytics,” the solution is powered by Neuro-ID’s behavioral analytics and...
Protecting against digital fraud is a top priority for organizations, considering the cybercrime threats arrayed against them. The average American has been harmed by at least seven data breaches since 2004, according to one study, and there have been more than 2.3 billion account compromises...
A customer received a call from someone saying he was a representative at his bank. The representative said someone had warned them that a person at the bank was planning to hack the customer’s account. Together, they could catch this crook, but to do this,...
February 28, 2024
In the world of cybersecurity, there’s no prize for being fashionably late with updates. And in today’s evolving technology and authentication landscape, if organizations aren’t at the tip of the spear with their authentication protocols, they are likely on the receiving end of a fraud attack. “It’s not just about having a strong defense against […]
August 18, 2022
Customer onboarding is a crucial step in any business relationship. Its most critical task is user authentication, as unprotected onboarding represents an Achilles’ heel to fraud for any company. For...
July 29, 2022
Digital fraud continues to plague businesses of all sizes, and consumers are paying the price. A recent survey found that the average American has experienced at least seven data breaches since...
June 30, 2022
Digital fraud continues to wreak havoc on the economy despite banks’, businesses’ and consumers’ best efforts to stop it. The Federal Trade Commission reported $5.8 billion lost to fraud last...
September 27, 2022
Credit bureau TransUnion has debuted a tool designed to prevent what it says is a $100 billion problem: the loss of sales revenue to false positives during fraud detection. Dubbed “TruValidate Device Risk with Behavioral Analytics,” the solution is powered by Neuro-ID’s behavioral analytics and “aims to help businesses stop fraud — not good customers […]
June 20, 2019
Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. In a press release Thursday (June...
