Fraud Prevention

Bot? Fraudster? New Technology Finds Legit Users Without Compromising User Experience
Bot? Fraudster? New Technology Finds Legit Users Without Compromising User Experience
July 25, 2024  |  Authentication

The most sustainable and effective business successes frequently come from striking the right balances. And one of the more challenging balances for businesses to strike...

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Mastercard Doubles Fraud Detection Rate With Generative AI
Mastercard Doubles Fraud Detection Rate With Generative AI
July 24, 2024  |  Security & Fraud

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that...

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Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
July 24, 2024  |  artificial intelligence

In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Financial crime remains a challenge for financial institutions (FIs) worldwide,...

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Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023
Visa: AI Helped Block 80 Million Fraudulent Transactions in 2023
July 23, 2024  |  artificial intelligence

Visa’s investments in artificial intelligence (AI) and other technology reportedly enabled the payments processor to block 80 million fraudulent transactions worth $40 billion in 2023....

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Featurespace and OrboGraph Team to Combat Check Fraud
Featurespace and OrboGraph Team to Combat Check Fraud
July 23, 2024  |  Fraud Prevention

Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting...

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Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
July 23, 2024  |  Fraud Prevention

Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure...

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Scammers Try to Crash the Gates for Summer’s Hottest Events
Scammers Try to Crash the Gates for Summer’s Hottest Events
July 22, 2024  |  Fraud Prevention

Stadiums and venues across the globe are filling up this summer. From the upcoming 2024 Summer Olympics in Paris to Taylor Swift’s ongoing and record-breaking...

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Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
July 21, 2024  |  Security & Fraud

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from...

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Pindrop Raises $100 Million in Battle Against Deepfake Calls
Pindrop Raises $100 Million in Battle Against Deepfake Calls
July 17, 2024  |  Security & Fraud

Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows...

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