Fraud Prevention

Railsr Selects Featurespace for AML Analytics Tech
Railsr Selects Featurespace for AML Analytics Tech
November 15, 2022  |  Security & Fraud

The U.K.-based embedded finance company Railsr announced on Tuesday (Nov. 15) that it has partnered with Featurespace to help protect Railsr customers from the threat...

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Study Finds Fraud and Risk Remain CFO Focus as Recession Looms
Study Finds Fraud and Risk Remain CFO Focus as Recession Looms
November 15, 2022  |  Digital Payments

Forty-eight percent of CFOs say their investments in fraud and risk management systems were primarily designed to help maintain business operations amid the global economic...

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Identity Data Takes on Commercial Use Cases Beyond Fighting Fraud
Identity Data Takes on Commercial Use Cases Beyond Fighting Fraud
November 14, 2022  |  Digital Identity

As fraud prevention experts work to thwart shadowy foes, the identity data that is central to detecting and stopping theft has other uses that are...

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CFPB: Frauds and Scams Make up 40% of Crypto Complaints
CFPB: Frauds and Scams Make up 40% of Crypto Complaints
November 10, 2022  |  Security & Fraud

They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an...

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Prove Names FIS Exec Nicole Jass as CPO and Twilio’s Scott Bonnell as CRO
Prove Names FIS Exec Nicole Jass as CPO and Twilio’s Scott Bonnell as CRO
November 08, 2022  |  Personnel

Digital identity company Prove Identity has added two new members to its executive team to meet what it says is a rising demand for identity...

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PYMNTS Intelligence: Winning the Fraud Prevention Arms Race
PYMNTS Intelligence: Winning the Fraud Prevention Arms Race
November 07, 2022  |  Digital Identity

Fraud has multiple knock-on effects beyond the initial monetary loss, both for businesses and their customers. A recent study identified the potential for fraud incidents...

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$2 Billion Self-Hack Highlights DeFi’s Slow Crisis Reaction Problem
$2 Billion Self-Hack Highlights DeFi’s Slow Crisis Reaction Problem
November 04, 2022  |  Cryptocurrency

Decentralized finance has a control problem it must solve if it is to become the economic force supporters believe — and opponents fear — that...

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PYMNTS Intelligence: Leveraging Technology to Combat Identity Fraud
PYMNTS Intelligence: Leveraging Technology to Combat Identity Fraud
November 04, 2022  |  Fraud Prevention

A recent study found that businesses lost $52 billion to identity fraud in 2021, a shocking 79% increase year over year. This fraud was split...

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PYMNTS Intelligence: Confronting the Challenge of B2B Payments Fraud
PYMNTS Intelligence: Confronting the Challenge of B2B Payments Fraud
November 04, 2022  |  B2B Payments

Fraud is a concern on the minds of many corporate decision-makers at present, and with good reason: Nearly half of the organizations worldwide experienced some...

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