Fraud Prevention

Exclusive: Banks Explore Shared Data to Enhance Scam Detection Capabilities
Exclusive: Banks Explore Shared Data to Enhance Scam Detection Capabilities
July 17, 2024  |  Security & Fraud

As online scams and financial crimes continue to surge at the halfway point of 2024, banks and payment companies are ramping up efforts to protect...

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IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
July 16, 2024  |  Security & Fraud

The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners —...

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Prove Debuts Self-Service ID Verification Platform
Prove Debuts Self-Service ID Verification Platform
July 16, 2024  |  Identity

Prove has introduced tools to help customers integrate its identity verification technology into their operations. The company on Tuesday (July 16) announced its developer self-service...

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Sonar Launches Service Identifying Compromised Customer Data
Sonar Launches Service Identifying Compromised Customer Data
July 10, 2024  |  Security & Fraud

Fraud data sharing consortium Sonar has launched a new service that helps banks and FinTechs verify if their customer data has been compromised in a breach...

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Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

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Discover Global CISO on the Connection Between Security and Customer Lifetime Value
Discover Global CISO on the Connection Between Security and Customer Lifetime Value
July 08, 2024  |  Security & Fraud

When it comes to securing payments, one can never be too safe. As digital transactions increase and technology advances at breakneck speed, so do the...

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Grocers Tackle Escalating Theft and Fraud Crisis
Grocers Tackle Escalating Theft and Fraud Crisis
July 05, 2024  |  Retail

In recent years, the grocery sector has faced a burgeoning challenge: the rising tide of theft and fraud. According to data from the Food Industry...

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New Era for UK Open Banking As Labour Plans to Boost Adoption
New Era for UK Open Banking As Labour Plans to Boost Adoption
July 05, 2024  |  Banking

Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the...

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Hawk Updates AI Platform to Enhance Financial Crime Detection
Hawk Updates AI Platform to Enhance Financial Crime Detection
July 03, 2024  |  artificial intelligence

Hawk’s artificial intelligence (AI)-powered anti-financial crime platform now includes additional capabilities for spotting risk by identifying links between data points. The company’s new Entity Risk...

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