Blog | Page 11 of 12

04
Apr

Nearly $100M in New Fraud Funding End of March

Ronen Shnidman / April 4, 2018
0

The second half of March was an eventful month for startup funding in the fraud prevention space. Sift Science raised $53 million in a Series D round in the biggest investment announcement of the month. The San Francisco-based company offers a machine learning based fraud prevention solution to e-commerce merchants is building out its Digital […]

03
Apr

Synthetic Fraud: Chasing Ghosts in the Credit System

Brett Johnson / April 3, 2018
0

Synthetic fraud is the fastest growing form of identity theft in the U.S., comprising 80% of all new account fraud and 20% of all credit card losses. In 2017, synthetic fraud caused an estimated $50 billion in losses. Why has the synthetic fraud problem grown to such heights? Because no one has been complaining about […]

22
Mar

Merchant Fraud Losses Rise 7% in 2017

Ronen Shnidman / March 22, 2018
0

Merchants’ total fraud losses rose 7% year on year in 2017 to 4.09% of total orders received, according to the Ecommerce Fraud Index figures released this week by fraud solution vendor Signifyd. Hardest hit were cosmetics and perfume retailers as their fraud rate doubled in 2017 to 5.1% of total orders received. “The overall increase […]

19
Mar

Zensed: A Fraud Solution Shaped Like Jell-O

Ronen Shnidman / March 19, 2018
0

Zensed is an anti-fraud company based in Europe with representation in Sweden, U.K. & the U.S. Its founders operate high risk payment gateways around the globe and originally developed Zensed technology in 2015 to combat their own fraud problems. Victor Fredung is the Sweden-based CEO and co-founder of Zensed. He was recently interviewed by about-fraud.com […]

15
Mar

American Express Invests in 2 Israeli Anti-Fraud Startups

Ronen Shnidman / March 15, 2018
0

American Express Ventures announced strategic investments in two U.S.-Israeli anti-fraud startups this week. BioCatch, a behavioral biometrics startup, closed a $30 million round of growth funding that was led by Maverick Ventures. Other round investors included not only American Express Ventures but also NexStar Partners, Kreos Capital and OurCrowd, among others. The company uses over […]

12
Mar

3 Machine Learning Solutions Launch for Finance, Auto Loans & Groceries

Ronen Shnidman / March 12, 2018
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Three separate machine learning fraud solutions targeting credit card issuers, auto loans and online groceries were released last week by Fiserv, PointPredictive and Ocado Technology, respectively. Fiserv teams up with Mastercard Financial services technology provider Fiserv made the biggest buzz when it announced that it had begun offering Mastercard’s Decision Intelligence fraud detection service to its […]

08
Mar

You Study Fraudsters But Fraudsters Study You

Brett Johnson / March 8, 2018
1

I recently came across an interesting post on one of the many underground criminal websites I monitor daily. It is advice intended for fraud managers but posted for fraudsters to read so they might understand what fraud managers are taught to look for in their work. It is intended in particular for “carders,” fraudsters who […]

01
Mar

Signifyd, ACI Worldwide launch partner solutions for Magento, airlines

Ronen Shnidman / March 1, 2018
0

Fraud prevention vendor Signifyd announced this week a strategic partnership with Corra, a digital agency serving primarily fashion, beauty and lifestyle brands retailers on the Magento Commerce platform. The partnership is expected to help Signifyd expand its growing list of merchant clients on Magento, particularly among high-end retailers likely to see significant margin improvement from […]

26
Feb

OTA Slammed by $9B in Fraud Costs in 2017

Ronen Shnidman / February 26, 2018
0

Travel intermediaries lose an estimated $21 billion a year in fraud-related losses, according to a recent report commissioned by eNett, a virtual account number (VAN) provider. Direct losses to travel intermediaries were pegged at $6 billion, while indirect costs including higher operating costs, revenue lost to false positives and reputational damage contributed $15 billion in […]

21
Feb

Clone Fraud Costs U.K. $280M Per Year

Ronen Shnidman / February 21, 2018
0

British pension fundholders are losing £200 million ($280 million) a year to “clone fraud,” according to government figures published by The Times this week. In some cases, the report stated, individuals’ losses exceeded £250,000 ($350,000). “Clone fraud” describes cold-calling scams run by thieves that seek to impersonate legitimate investment funds, including such well-known names as […]

Nearly $100M in New Fraud Funding End of March

Synthetic Fraud: Chasing Ghosts in the Credit System

Merchant Fraud Losses Rise 7% in 2017

Zensed: A Fraud Solution Shaped Like Jell-O

American Express Invests in 2 Israeli Anti-Fraud Startups

3 Machine Learning Solutions Launch for Finance, Auto Loans & Groceries

You Study Fraudsters But Fraudsters Study You

Signifyd, ACI Worldwide launch partner solutions for Magento, airlines

OTA Slammed by $9B in Fraud Costs in 2017

Clone Fraud Costs U.K. $280M Per Year

How to Speak Dark Web: Illicit.

Revolut Accidentally Shares Customer Data with.

Multi-Merchant CE 3.0: The End of.

Compliance Debt And The Most Expensive.

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