Category Archives: fraud

Create a safe haven for your customers to build loyalty

“The customer comes first” started out as the secret to success in business. Now it’s the secret to 21st century cybersecurity and fraud prevention, too. The phrase always seemed more like an empty platitude, but a growing number of banks and other financial institutions now understand that optimizing convenient consumer experience with risk and safety across all their channels is a strategic differentiator. Dealing with fraudulent transactions Financial institutions have been on the lookout for … More

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Less than a quarter of Americans use a password manager

A large percentage of Americans currently do not take the necessary steps to protect their passwords and logins online, FICO reveals. As consumers reliance on online services grows in response to COVID-19, the study examined the steps Americans are taking to protect their financial information online, as well as attitudes towards increased digital services and alternative security options such as behavioral biometrics. Do you use a password manager? The study found that a large percentage … More

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COVID-19 online fraud trends: Industries, schemes and targets

The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March 10, 2020. More than 100 million risky transactions from March 11 to April 28 have been identified. “Given the billions … More

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