AI MONTH: From Rules to Risk Scores – How AI-driven anti-fraud platforms differ from traditional systems
Historically, retailers attending the Fraud Prevention Summit have relied on rules-based fraud detection systems to protect against chargebacks, account takeovers, and payment fraud. These systems typically flag transactions based on pre-set criteria, such as purchase value, IP mismatch, or card verification failures. While effective at blocking obvious threats, they often create as many problems as […]
How Retailers Can Improve Deepfake Fraud Prevention
Retailers have long faced fraud in many forms, from stolen credit cards to friendly fraud chargebacks. But a new breed of threat is emerging: AI-powered fraudsters. Criminals are harnessing the same machine learning and generative AI tools that businesses use to innovate, creating synthetic identities, manipulating documents, and even deploying deepfakes to bypass authentication systems. Deepfake […]
September 2025 is AI Month on Fraud Prevention Briefing – Here’s how to get involved!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in September we’ll be focusing on AI. 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 and would like to be […]
A New Dimension in Fighting Fraud: Putting identity at the centre of every decision
A Shifting Fraud Landscape in the UK Fraud is no longer a slow-moving risk. Account takeovers, synthetic identities, and scam networks have become everyday threats. At the same time, customer journeys have grown more complex, making it more challenging for fraud teams to separate trusted customerss from bad actors without adding friction. Traditional tools built […]
UK public open to AI payments as move towards cashless society accelerates
Over half of consumers (62%) in the UK say that they prefer to pay with debit or credit cards, highlighting the continued dominance of traditional card-based transactions. That’s according to research from SumUp, which reveals 18% of consumers find mobile payment options, such as Apple Pay and Google Pay to be the most convenient choice, […]
New guidance published by CMORG’s AI Taskforce
The Cross Market Operational Resilience Group’s (CMORG) and its member firms, in conjunction with City of London Corporation (CoLC), Financial Services Information Sharing and Analysis Center (FS-ISAC), and UK Finance have conducted a baseline review of existing GenAI risk mitigation guidance specific to the financial services sector and developed best practices for GenAI risk management. […]
UK cybersecurity innovation recognised as Global Standard to help counter AI-powered fraud
The Open Worldwide Application Security Project (OWASP) has announced that the Business Logic Attack Definition Framework (BLADE Framework) has become The OWASP BLADE Framework Project in the fight against cyber fraud. The name change reflects the acceptance of the attack framework as an OWASP project and recognition of the framework as an industry standard. The BLADE Framework was […]
AI Agents ‘will increasingly exploit weak authentication’
Account takeover (ATO) remains a persistent attack vector because weak authentication credentials, such as passwords, are gathered by a variety of means including data breaches, phishing, social engineering and malware. That’s according to Jeremy D’Hoinne, VP Analyst at Gartner, who said: “Attackers then leverage bots to automate a barrage of login attempts across a variety […]
40% of AI data breaches caused by cross-border GenAI miuse by 2027
In excess of 40% of AI-related data breaches will be caused by the improper use of generative AI (GenAI) across borders by 2027, according to new research. Analysis by boffins at Gartners indicates the swift adoption of GenAI technologies by end-users has outpaced the development of data governance and security measures, raising concerns about data localisation due […]
AI Opportunities Action Plan: What can we learn from financial services?
The UK is moving to establish itself as a superpower in the world of artificial intelligence, thanks to the recent announcement of Sir Keir Starmer’s AI Opportunities Action Plan. Supported by a number of leading tech firms, the action plan aims to harness AI to deliver business growth and services across a range of sectors more efficiently […]