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DataVisor
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Fraud PreventionDeep Dive: How Insurance Fraud Hurts Both Companies And Consumers
The U.S. insurance industry consists of more than 7,000 companies and collects approximately $1 trillion in premiums each year. Fraudsters are eager...
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Fraud PreventionHow Allstate Leverages AI To Show Insurance Fraudsters The Door
Fraudulent claims in the U.S. account for more than $80 billion in payments a year, with legitimate customers paying higher premiums to...
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Fraud PreventionAllstate On Using AI To Fight Insurance Claims Fraud
Cybersecurity experts are scrambling to fight the sheer number of different digital fraud forms that are on the rise, and the ongoing...
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Security & FraudWhy PPP Will Be A Pivot Point For The Future Of Digital Security
Small businesses are hurting, which has been reflected in record unemployment numbers, the near-total shutdown of mainstream businesses and in PYMNTS data...
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Security & FraudPreparing For The Unknown With Artificial Intelligence And Machine Learning
“We cannot outright predict a pandemic any more than we can predict a data breach or an account takeover,” DataVisor CEO and...
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Security & FraudDigital Application Fraud In The Spotlight
Pandemic-related chaos is an ideal environment for cybercrime, as merchants and financial institutions (FIs) have been discovering since the COVID-19 outbreak went...
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Fraud PreventionDeep Dive: Why New Hacking Technology Has Made Application Fraud More Difficult To Fight
The financial industry is particularly vulnerable to digital fraud. Untold trillions of dollars cycle between financial institutions (FIs) and customers around the...
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Fraud PreventionHow Axos Bank Uses Multilayered Filtering To Keep Bad Bots Out And Good Bots In
Automated bots can wreak havoc on banks, but building an airtight defense can impede a good user experience. The challenge is separating...
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Fraud PreventionBanking Bots: The Good, The Bad And The Ugly
Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since...
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Security & FraudAs Virus Spreads, So Do Fraudsters – And The Data To Battle Them
This week in payments can be summed up, of course, in one word: Coronavirus, of course. The headlines fly fast and furious,...
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Security & FraudTracking The Dirty Rotten Scoundrels Of Digital Fraud
Of all the dirty rotten scandalous schemes fraudsters get up to, one of the worst is the old “lonely hearts” scam, dressed...
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Fraud PreventionDeep Dive: How Unsupervised Machine Learning Could Close The Cloud Services Security Gap
Cloud services like AWS, Dropbox and Google Cloud store terabytes of users’ personal information and payment data, making them prime targets...
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Fraud PreventionDropbox’s Three-Pronged Defense Against Digital Fraud
Cloud hosting platforms are charged with storing and protecting vast troves of valuable personal and company information, making them tempting targets for...
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Fraud PreventionHow Dropbox Fights Fraud
Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over...
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NewsMastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest...
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Security & FraudIs No-Factor Authentication Digital Security’s Future?
For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off...
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Fraud PreventionDigital Fraud Is An Inside Job
Is there no end to the devious creativity of cybercrooks? If they’re not grabbing stolen credentials off the Dark Web then they’re...
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Fraud PreventionDeep Dive: Fraudsters Go Phishing
Businesses have good reason to be concerned about data breaches. Fraudsters’ attempts to access systems and steal valuable information are becoming more...
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Fraud PreventionHow DocuSign Keeps Phishers From Hooking Their Data
Phishing is an enormous fear for businesses, with attacks accounting for 90 percent of data breaches. It’s an especially pertinent concern for...
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Fraud PreventionDocuSign Wages War On Phishing
More than 4.1 billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of...
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Security & FraudDataVisor Launches Real-Time Fraud Detection Solution
Fraud detection company DataVisor, which uses artificial intelligence (AI) to help find fraud activity and correct it, has released a new anti-fraud...
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Security & FraudWhy Travel Is A Popular Destination For Fraudsters
The excitement of the winter holidays is over, and that leaves only one thing: the annual bout of existential dread that comes...
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Fraud PreventionDigital Fraud And AI Battle To The Death
All in all, cybercriminals had a pretty good year. In Q3 2019 alone they made off with cryptocurrency valued at almost $4.5...
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Fraud PreventionDeep Dive: Clean And Friendly Fraud Play Dirty
Fraud comes in many forms, and the fight against it never ends. Fraudsters pretending to be someone else generally take one of...
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Fraud PreventionPriceline Uses AI To Stop Fraudsters In Their Tracks
The $755 billion online travel industry is a honeypot for bad actors looking to use stolen payment credentials to purchase vacation packages...
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Fraud PreventionHow AI Helps Priceline Ground Fraudsters, Lets Customers Take Off
Fraud continues to plague the digital world, despite the fortunes spent to curb it. Industries that operate solely online are some of...
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Security & FraudThe Rise Of Holiday Reshipping Fraud
Criminals get into the holiday spirit, too. For instance, they know how to talk in friendly, polite terms to overworked and often-frustrated...
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Fraud PreventionHow Ticketmaster Rewards Fans And Bars Fraudsters
Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts...
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Fraud PreventionHow Ticketmaster Uses AI To Sort Fans From Fraudsters
The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly,...
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Security & FraudWhen Being Proactive Creates Fraud Blind Spots
When it comes to fighting fraud, it’s not really what you know – not exactly, at least. It’s what you don’t know,...
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Fraud PreventionExperian To Leverage DataVisor’s AI Tech To Better Fight Fraud
Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into...
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Fraud PreventionOfferUp’s General Counsel On Keeping Marketplace Shoppers Safe From Scammers
Online tools are saving customers time on acquiring goods and services. Unfortunately, these tools are also saving time for fraudsters, who are...
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Security & FraudDataVisor Launches Partner Program To Help Fraud-Proof Larger Businesses
Cybersecurity and fraud protection company DataVisor, which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with...
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NewsApple’s Missed Shot, Marcus Loss And Fraud Prevention Top Week’s News
Life is never boring in the world of payments and commerce, and the newest edition of the PYMNTS Weekender report is proof...
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Fraud PreventionDeep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud
Fraudsters are getting increasingly creative when stealing money and data, but many FIs, FinTechs and merchants are still taking established approaches to...
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Fraud PreventionHow More FIs Are Playing Offense Against Digital Fraud
This week, Mastercard launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs. This new product is in...
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Fraud PreventionChase Taps Machine Learning For Proactive Approach To Fraud
Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that...
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Fraud PreventionChase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum
The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to...
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Fraud PreventionCurbing Digital Advertising’s Big Payments Fraud Problem
The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for...
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Security & FraudDataVisor Launches Feature Platform To Automate Fraud Detection
DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine...
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Fraud PreventionDeep Dive: How Ad Fraud Takes A Toll On Advertisers And Publishers
The global digital ad market is expected to be valued at $225 billion by 2020, so it is no wonder fraudsters are...
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Security & FraudA Focus On Ad Fraud And Solutions
Experts estimate that total fraud losses in 2018 totaled $3.9 trillion, an increase of 49.5 percent over the last 10 years. Fraud...
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Fraud PreventionInside Facebook’s Efforts To Fight Ad Fraud
Facebook is a giant in the ad game, with 2.3 billion active monthly users and $16.6 billion in quarterly advertising revenue. However,...
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Fraud PreventionTrending: How Facebook Unfriends Ad Fraudsters
Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in...
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Security & FraudHow To Cut The Phishing Lines That Bind Us
Fraudsters are ever bolder when it comes to phishing scams, which are up 76 percent year over year. The best approach to...
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Security & FraudDeep Dive: Why Fraudsters See Value In Phishing
It is far too easy for modern consumers and businesses to be lured into digital scams, and phishing is one of the...
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Security & FraudPhishing Remains A Persistent Problem
Because of the huge number of emails sent daily – by some estimates, 3.7 billion people send around 269 billion emails every...
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Security & FraudWhy N26 Is Keeping Fraud Top Of Mind In The US Market
Meeting a consumer’s banking needs requires FIs to think locally — but when it comes to fighting fraud, it pays to think...
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Security & FraudInside N26’s Fraud Protection Strategy
Fraudsters are muscling their way into new territories when it comes to how they approach consumers for their personal information. As such,...
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Fraud PreventionWhy AI Is Social Media Fraud’s New Best Friend
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer...
