A bill introduced Wednesday (Feb. 4) in the U.S. Senate would require online platforms to take “reasonable steps” to prevent fraudulent and deceptive ads. The bill would also strengthen the ability of the Federal Trade Commission (FTC) and the states to enforce violations of consumer...
Socure announced the launch of SocureGov RiskOS, a comprehensive new platform designed to assist government agencies in modernizing their digital identity infrastructure, according to a Tuesday (Feb. 3) press release. The announcement introduces a solution engineered to integrate Socure’s existing public sector offerings with a...
Equifax has launched a new machine-learning product designed to combat two forms of first-party fraud: loan stacking and credit washing. The new Credit Abuse Risk model uses behavioral insights and Fair Credit Reporting Act (FCRA) data to detect these activities during prequalification offers, account origination...
Watch more: Visa Protect Fraud rarely announces itself. For most organizations, it shows up after the fact as a loss, a chargeback or a rule that fired too late. To a data scientist, fraud looks different. It appears as a deviation. A subtle shift in...
Nike is investigating a potential data breach after ransomware group World Leaks claimed on its website that it had leaked 1.4 terabytes of data related to the company’s business operations, Reuters reported Monday (Jan. 26). “We always take consumer privacy and data security very seriously,” Nike said in...
Equifax has launched a product that uses artificial intelligence (AI) to detect and help prevent synthetic identity fraud. Synthetic identity fraud, in which fraudsters create a fictitious identity and use it to open credit accounts or obtain loans, is a fast-growing threat, the company said...
Hackers only need to get it right once to wreak havoc. This week, a congressional committee hearing, “Oversight of the Department of Homeland Security: CISA, TSA, S&T,” underscored that openings are multiplying as fraudsters increasingly go after the biggest targets possible. Lawmakers used the hearing...
If enterprise cybersecurity has a primary fault line, it is the supply chain. That hard truth was underscored by news this month of an alleged cyberattack targeting Luxshare, a Chinese assembly and manufacturing business used by some of the world’s biggest tech companies and embedded...
Last year, Seattle-based eCommerce company Coupang suffered a data breach affecting millions of customers. Now, a pair of Coupang investors has called on the United States government to investigate South Korea’s handling of the incident, Reuters reported Thursday (Jan. 22). In addition to the investigation,...