Fraud Prevention

Preventing fraud can include keeping your personal items and information safe, and safely navigating the internet. Keeping personal information secure is one of our most important responsibilities, and is the act of stopping various types of internet fraud. Due to the many different ways of committing fraud over the Internet, such as stolen.
Deep Dive: How Merchants Can Reduce the Risk of False Positives Through AI and ML
Fraud Prevention
Deep Dive: How Merchants Can Reduce the Risk of False Positives Through AI and ML
September 10, 2021

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ModCloth on Catching Fraudsters Without Entangling Legitimate Customers
Fraud Prevention
ModCloth on Catching Fraudsters Without Entangling Legitimate Customers
September 09, 2021

Combating fraud is a delicate balancing act for fashion eTailers. If they’re too casual with prevention, fraudsters will strike, but if they’re too stringent, good customers get pushed away. In PYMNTS’ new Digital Fraud Tracker, ModCloth’s Geoff Van Haeren explains how data analysis is striking...

ModCloth’s Data-Driven Approach to Tackling Fraud, Reducing False Positives
Fraud Prevention
ModCloth’s Data-Driven Approach to Tackling Fraud, Reducing False Positives
September 08, 2021

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M&T Bank Says Blanket Approach To Security Smothers Customer Experience
Fraud Prevention
M&T Bank Says Blanket Approach To Security Smothers Customer Experience
August 19, 2021

March 2020 marked a watershed moment for digital banking. It marked the mass acceleration away from branches and onto banking sites and apps, with more consumers banking digitally than ever. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
Fraud Prevention
Valve Squashes Steam Bug That Could Fill Gamers’ Wallets
August 18, 2021

Video game developer Valve plugged a security bug that could have been used by gamers to fill their Steam wallets with unlimited funds, ThreatPost and other media outlets reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

How AI And Machine Learning Can Address Banks’ Fraud-Fighting Weaknesses
Fraud Prevention
How AI And Machine Learning Can Address Banks’ Fraud-Fighting Weaknesses
July 09, 2021

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Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
Fraud Prevention
Deep Dive: Why Innovative AML, Watchlist Screening Solutions Are Key To Blocking Digital-First Crime
July 08, 2021

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FBI: Why AI And MFA Provide The Most Effective Fraud Defense
Fraud Prevention
FBI: Why AI And MFA Provide The Most Effective Fraud Defense
July 08, 2021

Fraudsters’ use of social engineering and phishing continues to triumph many of the modern-day fraud-fighting techniques. In this month’s Digital Fraud Tracker, PYMNTS talked with Enrique Alvarez, special agent for the FBI’s cyber branch, about how combining multifactor authentication and AI can help save merchants...

The FBI On Revamping Fraud Prevention Strategies To Protect Against Digital-First Financial Crime
Fraud Prevention
The FBI On Revamping Fraud Prevention Strategies To Protect Against Digital-First Financial Crime
July 07, 2021

Financial institutions (FIs) often shut down accounts at the first sign of fraud, but this blanket approach can alienate legitimate users and let stealthier cybercriminals slip through the cracks. In the latest Preventing Financial Crimes Playbook, PYMNTS spoke with an FBI spokesperson to examine why...