Identified: The five frauds impacting the messaging ecosystem
Five common frauds impacting mobile users in the messaging ecosystem have been identified in new research, highlighting the security challenges enterprises and mobile network operators (MNOs) face in the application-to-person (A2P) messaging ecosystem. The study by Infobip says that with more and more brand-to-consumer interactions moving to digital channels, ensuring the security and privacy of this […]
How businesses can use AI to tackle financial crime
As technology continues to advance at a rapid rate, financial crime has taken on a new dimension, posing a multifaceted threat to financial institutions, writes Sonia Jain, Consultant Operations Manager at FDM Group… According to Kroll’s 2023 Fraud and Financial Crime Report, 68 per cent of respondents expect financial crime to increase over the next 12 months, with evolving […]
Online payment fraud losses to hit $91bn by 2028
Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028 as new technologies such as AI begin to be felt in the market. That’s according to a new report for ResearchAndMarkets, which analyses the repercussions of the surge in alternative payment methods, […]
Retail POS needs and wants: data, security and the best the market has to offer
It’s no secret that point of sale (POS) systems and receipt printing are crucial to retailers and hospitality businesses. Without them, they cannot enable sales effectively and grow their businesses optimally. In fact, to say they are important, for many, is an understatement. Especially when you consider their strategic importance to not only drive sales […]
AI MONTH: AI and Fraud Prevention – A confluence of technology and security
Businesses and financial institutions face a constantly mutating landscape of fraudulent activities. Traditional systems, once hailed as robust, now frequently lag behind in detecting and preventing contemporary fraud schemes. Enter Artificial Intelligence (AI): a transformative force that’s reshaping fraud prevention by providing real-time, predictive, and adaptable solutions. Here we explore the growing influence of AI […]
Do you specialise in Biometrics for Fraud Detection or IP Intelligence/Proxy Detection Solutions? We want to hear from you!
Each month on Merchant Fraud Briefing we’re shining the spotlight on a different part of the market – and in November we’ll be focussing on Biometrics for Fraud Detection & IP Intelligence/Proxy Detection. 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 […]
Ensuring a merry and secure holiday season for online retailers
By Gav Winter (pictured, above), CEO at RapidSpike The upcoming holiday season – including the renowned Black Friday – holds immense significance for online retailers. As early as the end of October, the shopping frenzy begins with enticing discounts that continue throughout December and after Christmas with Boxing Day sales, making it an unparalleled retail […]
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: 🤝 A corporate itinerary of one-to-one meetings with solution providers💭 A seat at our industry seminar sessions (included within your itinerary)☕ 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, […]