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كل قصص INSIGHTEX حول Cybersecurity & Fraud: تقارير ومقابلات وتحليلات.
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Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier. A new study by The Payments Association, the UK’s community and advocate for the payments industry, highlight…
LSEG (London Stock Exchange Group) and IDVerse today announce a new identity infrastructure partnership to scale global coverage and fight digital deception in customer onboarding. The partnership will complement LSEG’s existing suite of digital identity and fraud solutions, allowing businesses to tackle rising threats such as synthetic media, whilst addressing new geographical opportunities as identity…
Roger Alexander, key advisor to Chargebacks911 Like many of you, I’ve had phone calls from scammers. They’re usually very easy to spot, even before I pick up the phone – invariably they are from an unknown mobile number, something a legitimate organisation would never use. The caller then goes on to explain that they are…
LSEG Risk Intelligence, a leader in compliance, risk management and fraud prevention solutions, has announced the launch of two innovative products designed to enhance financial security and drive operational efficiencies on a global scale. Global Account Verification checks payee and account details match before transfers are confirmed. Document and Biometric Verification uses AI and deep learning to conduct identity…
Financial losses from worldwide credit card transaction fraud are expected to reach $43 billion by 2026. A new NVIDIA AI workflow for fraud detection running on Amazon Web Services (AWS) can help combat this burgeoning epidemic — using accelerated data processing and advanced algorithms to improve AI’s ability to detect and prevent credit card transaction fraud. Launched…
IDology, a GBG Company, today announced new data highlighting the growing problem of fraud fueled by generative artificial intelligence (Gen AI), putting pressure on fintechs seeking a way to protect against fraud without compromising the customer experience. Gen AI has given criminals a path to work faster, scale attacks, and create more believable phishing scams and synthetic identities. Fraud is taking…
Sift, the leading AI-powered fraud prevention platform, has been selected by Alaska Airlines to safeguard against payment fraud and streamline chargeback management. By leveraging Sift’s technology, Alaska Airlines can automatically detect and prevent fraudulent transactions while ensuring a smooth and frictionless experience for its customers. “We are committed to delivering a seamless experience from booking…
Aghanim, a mobile gaming fintech founded by Harvard Business School alumni, has announced a strategic partnership with Sift, an AI-powered fraud prevention platform. This collaboration combines Sift’s AI-driven insights, drawn from over 1 trillion events and identity signals, with Aghanim’s deep expertise in gaming, offering a cutting-edge anti-fraud solution for mobile games. Aghanim, launched in…
Sonovate, a leading provider of embedded finance and payment solutions for the contingent workforce, has announced its integration of Alloy’s identity risk management platform to strengthen fraud prevention. This move comes as financial crime in the UK reached £1.17 billion in 2023, with sophisticated threats emerging through technologies like generative AI. Alloy’s platform will enable…
As eCommerce sales continue to hit record highs, merchants around the globe are seeing a correlated rise in illegitimate disputes by cardholders through card-not-present (CNP) transactions. This unfortunate trend is directly affecting the price of goods and services for consumers, and has led retailers to adopt stricter policies and AI-driven tools to protect their revenue….
Jack Henry™ (Nasdaq: JKHY) is launching its annual Cybersecurity and Fraud Forum on October 7, 2024, at Jack Henry Connect. The forum will then visit six cities across the country in an expanded road tour intended to help community and regional financial institutions’ sharpen their security and fraud mitigation plans. The forum brings financial institution peers and risk experts together to simulate a…
Visa has entered into a definitive agreement to acquire Featurespace, a UK-based provider of AI-powered financial fraud detection technology, for an undisclosed sum. Founded in 2008 and headquartered in Cambridge, Featurespace serves numerous prominent financial institutions, including HSBC and NatWest, with its machine learning-based fraud prevention tools. The company has raised approximately $100 million from…
