Fraud Guides 101

The finance sector continues to lead the way in AI adoption, driven by decades of machine learning use and growing interest in generative AI. With a massive $35 billion invested in AI in 2023 alone, the industry is gearing up for even greater innovation, with banking leading the charge.

In today's digital age, convenience often comes at the cost of privacy. As technology advances, so do the risks of unprecedented surveillance and data exploitation. Recognizing this threat, countries worldwide are enacting comprehensive data protection and privacy laws to safeguard consumer data.

From a cool-headed business perspective, you may think some level of fraud is acceptable in the quest for growth and conversions. But failing to prioritize your honest customers – and your reputation – is ultimately likely to be highly damaging to your business.

Buy Now Pay Later (BNPL) is growing rapidly due to customer demand, but online fraudsters pose a significant threat to today's providers. Discover why identity verification can ensure a swift, seamless, and secure process for businesses and customers.

Fraud detection tools & techniques can help businesses carry out the identification and verification process seamlessly. This means that these tools can detect fraud before a criminal actor is able to access any money or sensitive information, prevent the risk of financial, reputational, or legal consequences.

Fraudsters are employing ever more sophisticated methods, resulting in a variety of approaches they can use to seize control of accounts. The selection of account takeover schemes by these attackers hinges on their objectives and the resources at their disposal.

Identity fraud is a growing threat that demands robust protection strategies. High-profile cases like the Tinder Swindler, which was detailed in a Netflix documentary, highlight the need for vigilance. This article explores the nuances of identity fraud and theft, and how businesses can safeguard sensitive information. Additionally, tax-related identity theft is a significant concern, where identity thieves use stolen Social Security numbers to file fraudulent tax returns and claim refunds.

Online crime is growing - fast. We look at what are the growing trends around the world, pushing technology to keep evolving and fighting the good fight.