fraud Archives | The Fintech Times

Bank scams – SMS  verification has become the global default solution

Mark WalkerApril 2, 2020April 1, 2020

by Mark WalkerApril 2, 2020April 1, 2020

In spite of regulators making banks implement additional levels of authentication such as two-factor authentication (2FA), UK Finance’s latest set of data reveals that bank transfer scams (APP fraud) is...

The Ethics of AI : AI in the financial services sector: grand opportunities and great challenges

Manisha PatelMarch 20, 2020March 25, 2020

by Manisha PatelMarch 20, 2020March 25, 2020

Artificial Intelligence (AI) has been finding its way into the financial services industry for some time, and there’s no denying that the technology offers immeasurable...

One in Five People Targeted by Fraud, Says New Research

Mark WalkerDecember 4, 2019November 29, 2019

by Mark WalkerDecember 4, 2019November 29, 2019

By Brett Beranek, Vice President & General Manager, Security at Nuance Communications Recent research found that one in five adults have fallen victim to fraud in...

89% Increase in Loyalty Program Fraud

Mark WalkerOctober 18, 2019October 14, 2019

by Mark WalkerOctober 18, 2019October 14, 2019

Forter, the leader in e-commerce fraud prevention, has announced the release of the seventh edition of its Fraud Attack Index. The report tracks shifting behaviours...

TSB and Vocalink Join Forces to Protect People Against Falling Victim to Payment Fraud

Mark WalkerSeptember 30, 2019September 30, 2019

by Mark WalkerSeptember 30, 2019September 30, 2019

TSB has announced it will become one of the first banks to deliver Confirmation of Payee for its customers, partnering with Vocalink, a Mastercard company....

New Online Fraud Complexities May Arise for Insurance Companies

Mark WalkerSeptember 27, 2019September 25, 2019

by Mark WalkerSeptember 27, 2019September 25, 2019

As more U.S. consumers use digital platforms when engaging with insurance companies, new fraud challenges are likely to arise for insurance carriers. TransUnion and iovation, a...

Elavon Partners with Featurespace to Build Fraud Prevention Network

Mark WalkerSeptember 20, 2019September 18, 2019

by Mark WalkerSeptember 20, 2019September 18, 2019

Elavon, the payments provider, today announces a partnership with Featurespace, to help tackle fraud attacks in real-time and simplify the online payments experience for consumers....

Millennials Most Likely to Fall Victim to Bank Fraud

Mark WalkerSeptember 3, 2019September 2, 2019

by Mark WalkerSeptember 3, 2019September 2, 2019

Millennials are falling victim to scams involving handing money to fraudsters more than any other age group, according to Lloyds Bank. New data shows that...

The Evolution of Cybersecurity Threats: Q&A with Pat Carroll

Mark WalkerJuly 18, 2019July 12, 2019

by Mark WalkerJuly 18, 2019July 12, 2019

With over 25 years’ experience in Information Technology and Financial Markets, Pat Carroll, Executive Chairman and CEO of ValidSoft, has had the opportunity to build extensive knowledge in...

Advertising Fraud Losses to Reach $42 Billion in 2019, Driven by Evolving Tactics by Fraudsters

Mark WalkerMay 26, 2019May 21, 2019

by Mark WalkerMay 26, 2019May 21, 2019

A new study from Juniper Research forecasts that advertisers will lose $42 billion of ad spend globally this year to fraudulent activities committed via online,...

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