Should the SFO be scrapped? The IEA thinks so
The Institute of Economic Affairs has published a paper asserting the Serious Fraud Office (SFO) should be replaced with a new body dedicated to combating economic crime with greater emphasis on prevention. In the paper, the IEA says the SFO has been plagued by a series of high-profile failures, ‘including ethical misconduct and incompetence’. In […]
ANTI-FRAUD MONTH: Behavioural biometrics is a powerful tool – but how does it work?
Behavioural biometrics, a subset of biometric technology, analyses individual user behaviours to verify identity. Unlike traditional biometrics like fingerprints or facial recognition, behavioural biometrics focus on how users interact with devices, making them more difficult to spoof. Here’s a handy cheat sheet… How BEHAVIOURAL Biometrics Works Behavioral biometrics tracks various user behaviors, including: By analyzing these patterns, behavioral biometrics can create a […]
If you specialise in AI for Fraud Prevention 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 September we’ll be focussing on AI for Fraud Prevention. 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 AI for Fraud […]
The Holy Grail: Secure, seamless user authentication in payments
By Feedzai Consumers seek a smooth, frictionless user authentication process. Merchants must ensure that online payment methods and transactions are safe from fraud. Feedzai, an AI fraud prevention platform for Acquirers, explains how businesses and merchants can deliver an online payment experience that achieves both. Security – the right controls at the right time based on the […]
ANTI-FRAUD MONTH: Identifying core and specialist solutions for retail and financial services
The retail and financial services sectors are prime targets for fraudsters. For senior anti-fraud professionals, understanding and deploying the right anti-fraud solutions is crucial. Here are the key solutions in demand among delegates at the Fraud Prevention Summit… Core Anti-Fraud Solutions Specialized Anti-Fraud Solutions Key Considerations for Anti-Fraud Solution Selection By carefully selecting and implementing the appropriate […]
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 […]
