Blog | Page 12 of 13

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
0

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 […]

17
Feb

SEON Raises $600K in New Funding

Ronen Shnidman / February 17, 2018
0

Hungary-based fraud prevention startup SEON announced on Thursday that it had closed a €500,000 ($624,000) funding round with investment from PortfoLion and Fiedler Capital. The company said that intends to use the new funds to expand into new geographical markets and industries. SEON officially launched its out-of-the-box fraud solution in 2017 and currently has seven […]

16
Feb

Fraud Trends This Chinese New Year

Ronen Shnidman / February 16, 2018
0

Today marks the start of the Chinese Year of the Dog and the beginning of Lunar Spring Festival that ends on March 2, a festival that is a major gift-giving holiday in China and East Asian markets with large ethnic Chinese populations. For this year’s Chinese New Year about-fraud.com spoke with some fraud prevention vendors about […]

07
Feb

romance fraud

Stop Falling for Dating Scams this Valentine’s Day

Ronen Shnidman / February 7, 2018
0

Valentine’s Day is the holiday of love for couples. For most singles, it is an annual reminder of the need to find a significant other. That is why the holiday is an ideal time to discuss dating site scams that seek to entrap and extract money in a variety of ways from lonely singles willing […]

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

SEON Raises $600K in New Funding

Fraud Trends This Chinese New Year

Stop Falling for Dating Scams this Valentine’s Day

2nd Revolut Breach in a Month,.

FTC Fines Payments Processors $17M for.

Scanovate, a Digital Identity Company, Acquired.

Revolut Accidentally Shares Customer Data with.

Sign up for the Fraudbeat newsletter

Recent Posts

The Revolut Breach: One

Trust Is a Currency;

2nd Revolut Breach in