DIGITAL FRAUD TRACKER

PYMNTS Intelligence: Responding To Flourishing Instant Payments Fraud
PYMNTS Intelligence: Responding To Flourishing Instant Payments Fraud
December 12, 2022  |  Fraud Prevention

Consumers enjoy the convenience of instant payments using apps like Venmo, Cash App and Zelle. As the use of these faster payments has increased and...

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An Insider’s Take on Processing Instant Payments Securely
An Insider’s Take on Processing Instant Payments Securely
December 09, 2022  |  Fraud Prevention

Executives reported a 73% increase in P2P fraud and 44% in instant or real-time payment fraud in the last 12 months, according to PYMNTS data....

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Instant Payments Forces Banks to Put Fraud Prevention at the Forefront
Instant Payments Forces Banks to Put Fraud Prevention at the Forefront
December 08, 2022  |  Fraud Prevention

The speed that makes instant payment apps such as Zelle and Venmo popular also makes them attractive tools for fraudsters. Bad actors defrauded nearly 18...

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PYMNTS Intelligence: Leveraging Technology to Combat Identity Fraud
PYMNTS Intelligence: Leveraging Technology to Combat Identity Fraud
November 04, 2022  |  Fraud Prevention

A recent study found that businesses lost $52 billion to identity fraud in 2021, a shocking 79% increase year over year. This fraud was split...

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Learn From an Insider How Data Is Key to Preventing Identity Fraud
Learn From an Insider How Data Is Key to Preventing Identity Fraud
November 03, 2022  |  Fraud Prevention

PYMNTS interviewed Lien Nguyen, senior vice president of fraud prevention at Bank of the West, about the top identity fraud threats and how to stop...

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Preventing Identity Fraud Comes Down to Effective Use of Data
Preventing Identity Fraud Comes Down to Effective Use of Data
November 02, 2022  |  Fraud Prevention

Identity fraud has been growing in recent years and had a notable increase in 2021. Identity theft alone accounted for $56 billion in losses that...

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PYMNTS Intelligence: Human Intelligence Is Insufficient to Fight Fraud
PYMNTS Intelligence: Human Intelligence Is Insufficient to Fight Fraud
October 13, 2022  |  Fraud Prevention

Fraud is ubiquitous for both businesses and consumers. Bad actors are constantly developing new techniques and technologies to steal hard-earned funds and data, often turning...

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Qolo’s Approach to Fraud-Fighting Technology
Qolo’s Approach to Fraud-Fighting Technology
October 12, 2022  |  Fraud Prevention

In this month’s Digital Fraud Tracker®, Darren Beyer, chief product and strategy officer at Qolo, tells PYMNTS about the year’s most pressing fraud threats and...

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More than Three-Quarters of Acquiring Banks Use AI to Reduce Payment Fraud
More than Three-Quarters of Acquiring Banks Use AI to Reduce Payment Fraud
October 11, 2022  |  Fraud Prevention

Digital fraud is as old as the internet itself, and bad actors continuously develop new techniques while refining old ones. Fraudsters can deploy old-fashioned confidence...

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