MOBILE MONTH: Selecting mobile fraud prevention solutions
Mobile phones, as personal devices frequently used for financial transactions, communications, and data storage, have become a prominent target for fraudsters. In the UK, mobile phone-based fraud prevention is a growing concern for many businesses. As anti-fraud professionals look to tackle this challenge, selecting the right supplier and solution is pivotal. Here are the principal […]
Meet with Ravelin, Kount, Checkout.com and more at the Merchant Fraud Summit
The Merchant Fraud Summit takes place on the 1st November, at the Hilton, London Canary Wharf – and as an industry professional this is your chance to secure one of the few remaining delegate places. Your complimentary pass includes: š¤ A corporate itinerary of one-to-one meetings with solution providersš A seat at our industry seminar sessions (included within your itinerary)ā Lunch and refreshments […]
Data and app security to drive risk management spending growth
Global end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023 when spending will reach $188.1 billion – with application security, data security and identity access management among the key drivers. That’s according to Gartner, which says the continuous adoption of cloud, continuous hybrid workforce, […]
90% of online retailers losing money to policy abuse
Policy abuseābehaviours such as excessive returns, refund scams such as claiming an item was not received or returning empty boxes, abusing promotions like coupon codes or loyalty program rewards, or reselling limited-inventory items is soaring, with 90% of online merchants believing the issue is a significant problem for their bottom lines. That’s according to Riskified’s […]
These are the most in-demand merchant fraud solutions for 2023/24
Fraud Detection Tools, Anti-Fraud Software and Chargeback Protection are topping the list of technologies the UKās anti merchant fraud professionals are sourcing for 2023/24, according to our exclusive research. The findings have been revealed in the run up to the Merchant Fraud Summit, which takes place on November 1st in London and are based on […]
How AI Fraud Detection in Retail Helps Stop Fraud
AI is rapidly becoming a critical tool in the fight against retail fraud. As eCommerce continues to grow and alternative payment methods become more widespread, retailers face increasingly sophisticated threats across the customer journey.Ā AI fraud detection in retailĀ helps merchants identify suspicious activity in real time, strengthen transaction monitoring, and reduce fraud without adding unnecessary friction […]
Do you specialise in Mobile Fraud Prevention or AI for Fraud Prevention Solutions? We want to hear from you!
Each month on Merchant Fraud Briefing weāre shining the spotlight on a different part of theĀ market – and in October we’ll be focussing on Mobile Fraud Prevention & AI for Fraud Prevention. Itās all part of our āRecommendedā editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise […]
Visa highlights AI threat in latest data
Visa’s latest Biannual Threats Report highlights a ‘significant’ rise of phishing schemes proliferated through generative AI tools, and a marked increase in enumeration and ransomware. While the global fraud rate trended lower than normal expected fraud levels during the reportās time period (January ā June 2023), Visa shared that it helped to proactively block $30 […]
Evolving payment methods to push remote physical goods fraud up by 400%
A study fromĀ Juniper Research predicts that the greatest merchant losses to fraud will be via remote physical goods purchases, with losses reaching $5.1 billion across emerging markets in 2028, up from $1 billion in 2023. Juniper anticipates fraud losses in Africa & Middle East to reach $1.1 billion in 2028; growing 643% from $150 million […]
Understanding the Payment Card Industry Data Security Standard (PCI DSS) and how it works
In today’s digital age, the seamless and secure processing of payments is paramount for retail businesses. As such, understanding and adhering to the Payment Card Industry Data Security Standard (PCI DSS) is not just a requirement ā it’s essential for maintaining customer trust. Here are the vital considerations for retailers navigating PCI DSS compliance, based […]