User authentication is a critical tool for any organization that deals in personal or financial information, as identity theft runs rampant in the modern business world. Companies must continually prove that customers are who they say they are and not bad actors in disguise, leveraging...
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 2004. Companies are turning to increasingly imposing authentication checks to ensure that customers are who...
Identity fraud is a growing problem in the United States. Losses due to identity fraud were up 79% year over year in 2021 to a total of $52 billion, while the number of victims rose 50% to 42 million adults. Identity fraudsters leverage a wide...
In this month’s "Monetizing Digital Intent Tracker," Angie Dobbs, VP of fraud and risk at Wave Financial, tells PYMNTS how multilayered authentications are proving to be more effective in fighting fraud than their single-door counterparts.
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 2004. Companies are turning to increasingly imposing authentication checks to ensure that customers are who they say they are, but this often comes at the […]
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...
May 31, 2022
Identity fraud is one of the most pressing cybersecurity threats today, with 2.5 million identities stolen each year and affecting more than 15 million people in the United States. This...
April 27, 2022
While the pandemic accelerated the digital shift around the world, it also allowed fraudsters the opportunity to refine and build on their techniques. The Federal Trade Commission reported that in...
April 27, 2022
Among the most prevalent forms of cybercrime is identity fraud, which is typically divided into two subcategories. Traditional identity fraud happens when criminals leverage their victims’ information to steal money. Then there are identify fraud scams, in which criminals trick victims into sharing their information voluntarily. One recent study estimates that 42 million U.S. adults […]
February 16, 2022
Neuro-ID, which works in behavioral analytics, debuted its ID Crowd Alert and ID Orchestrator products on Wednesday (Feb. 16), which it says will help with identity screening. According to a...
November 04, 2021
Neuro-ID has raised $35 million in a Series B funding round, which will go toward its mission of improving fraud screening for digital organizations, according to a press release. “Neuro-ID...
