AI-enhanced malicious attacks and soft ransomware targets front of mind for risk execs
Concern about artificial intelligence (AI)-enhanced malicious attacks have again topped Gartner’s emerging risk rankings in the second quarter of 2024, while new concerns regarding soft ransomware targets are also coming to the forefront of enterprise risks. “Similar to AI-enhanced malicious attacks, soft ransomware targets require minimal experience and cost to cause significant financial and reputational […]
Research points to Business Email Compromise as new frontier in AI-powered fraud
A report has highlighted the ingenuity of cyber criminals in using AI to evade detection and maliciously scam individuals and enterprises, analysing 1.8 billion emails globally and detecting 226.45 million spam emails and 16.91 million malicious URLs to identify the email threat trends that impact enterprises the most. VIPRE Security Group’s Q2 2024 Email Threat Trends […]
HSBC, John Lewis, Sky and more will be attending the Fraud Prevention Summit – Will your organisation be joining them?
The Fraud Prevention Summit enables you to network with peers, meet with leading suppliers & enjoy a series of seminar sessions – delegate places are going fast, so secure yours today to avoid disappointment! Wednesday, 6th November 2024 | Hilton London Canary Wharf As a fraud professional, you can attend for FREE – Secure your place here. Add your name to the guest list HERE, […]
Cross-border payments boom due to speed and reliability
Cross-border payments are becoming increasingly important to international economies, with around 63% of global consumers using international real-time payments (RTPs) services to send money to family and friends, while 51% use them only to pay for goods and services. That’s according to the 2024 Financial Services Consumer Survey conducted by GlobalData, which says the G20 roadmap […]
FRAUD DETECTION MONTH: Identifying vulnerabilities in UK online retail
For senior e-commerce and payments security professionals, vigilance is paramount. The ever-evolving landscape of cyber threats necessitates a proactive approach to identifying and mitigating vulnerabilities. This article explores strategies to conduct a thorough internal risk assessment, helping you fortify your online store’s defences against fraudsters… Why Internal Risk Assessments Matter: While external penetration testing uncovers exploitable weaknesses from a […]
The Costs of Inaction: Why sticking with outdated SAP systems is risky business
In business technology, the SAP systems that once drove efficiency and innovation within industries can become outdated as the demands of businesses evolve over time. Originally implemented as cutting edge solutions in their day, these systems may now only be seen as ‘fit for purpose’, or ‘getting the job done’ in the present. Choosing to […]
If you specialise in Anti Fraud Platforms we want to hear from you!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in August we’ll be focussing on Anti Fraud Platforms. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise in Anti Fraud Platforms and […]
Moody’s study highlights Entity Verification as critical for risk management
Organisations face greater challenges to understand who they do business with amid rising risks and evolving regulations, according to a new Moody’s survey and interviews with senior risk and compliance professionals. Moody’s study found that Entity Verification – a data-driven process that helps verify and authenticate the credentials of each entity a firm onboards or […]
Fraudulent UK banking transactions to total 38 million over next five years
A study from Juniper Research asserts that the number of fraudulent banking and money transfer transactions in the UK will increase 111% over the next five years, from 4.2 million in 2024 to 8.8 million in 2029. Despite the UK being one of the most technologically developed FDP (Fraud Detection & Prevention) markets, it anticipates additional measures, such […]
FRAUD DETECTION MONTH: How to select excellence in a sea of vendors
As a seasoned anti-merchant fraud professional, you understand the ever-evolving landscape of financial crime. Equipping your organisation with the right fraud detection solutions is crucial for safeguarding your business and customer trust. But navigating the sea of vendors and promises can be daunting. Here are some top tips to help you source trusted fraud detection solutions for your […]
