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Fraud prevention stories

7 Steps to Implement Digital Identity Verification Successfully
Customer Experience

7 Steps to Implement Digital Identity Verification Successfully

Poorly designed checks can block genuine customers or let fraudsters through, so leaders need a risk-based verification flow that preserves conversion.

By Shivani Pimpili • 5 min read • Today
Memcyco updates PoSA to spot attacker devices earlier
Phishing

Memcyco updates PoSA to spot attacker devices earlier

Fraud teams can now flag suspicious devices before login, as PoSA v1.11 adds real-time risk scores to help stop account takeovers earlier.

By Joseph Gabriel Lagonsin • 4 min read • Today
UK shoppers lead Europe in refund abuse, study finds
Artificial Intelligence

UK shoppers lead Europe in refund abuse, study finds

The practice is adding to retailers' costs and may push prices higher, with 37% of UK online shoppers admitting or considering refund abuse.

By Sofiah Nichole Salivio • 4 min read • Today
Merchants underestimate friendly fraud, Chargebacks911 says
eCommerce

Merchants underestimate friendly fraud, Chargebacks911 says

Businesses risk wasting anti-fraud budgets, with a new report saying merchants may vastly undercount disputes caused by friendly fraud.

By Sofiah Nichole Salivio • 4 min read • Today
Stakk completes USD $63 million ParaScript acquisition
Risk & Compliance

Stakk completes USD $63 million ParaScript acquisition

The enlarged group now serves more than 300 enterprise customers and processes over 110 billion digital interactions a year across four regions.

By Joseph Gabriel Lagonsin • 3 min read • Last week
G+D & FraudAverse join forces against payment fraud
Fintech

G+D & FraudAverse join forces against payment fraud

Banks in the Americas are set to get faster fraud checks as the tie-up targets instant payment scams and card-not-present losses.

By Joseph Gabriel Lagonsin • 4 min read • Last week
ANZ warns businesses of AI scams & impersonation fraud
Artificial Intelligence

ANZ warns businesses of AI scams & impersonation fraud

Businesses face growing risk from AI-driven fraud as ANZ says rushed seasonal trading can let scammers exploit weak payment controls.

By Karen Joy Bacudo • 4 min read • Last week
SEON expands fraud platform to fight AI identity scams
Virtual Private Networks

SEON expands fraud platform to fight AI identity scams

The broader signal base is aimed at helping fraud teams spot synthetic identities and linked accounts as generative AI makes scams harder to detect.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Authsignal launches carrier-backed number verify in US
Telstra

Authsignal launches carrier-backed number verify in US

Businesses can now verify mobile numbers without SMS codes, as Authsignal's new service spans major US carriers and Telstra in Australia.

By Sofiah Nichole Salivio • 3 min read • Last week
EMEA fraud attempts rise as AI scams grow more complex
Fintech

EMEA fraud attempts rise as AI scams grow more complex

More than a third of financial firms in Europe, the Middle East and Africa reported fraud attempts rising by over 25% in two years.

By Sofiah Nichole Salivio • 4 min read • Last week

Stories from Other Regions

Fraud prevention stories

Plaid launches AI credit & fraud models for lenders
Fintech

Plaid launches AI credit & fraud models for lenders

Lenders may now approve more borrowers and catch more fraud, as Plaid's new models use cash flow and transaction data instead of credit scores alone.

By Karen Joy Bacudo • 4 min read • Last week
Ecommpay urges merchants to use AI for lost revenue
Customer Experience

Ecommpay urges merchants to use AI for lost revenue

Failed payments are costing online merchants sales, as Ecommpay says AI can also pinpoint lost revenue and lift conversion rates.

By Sofiah Nichole Salivio • 3 min read • Last week
GoSense.ai launches AI-native mobile security platform
Fintech

GoSense.ai launches AI-native mobile security platform

Banks and fintechs can now spot suspicious activity mid-session as mobile fraud and device compromise grow more costly in real time.

By Karen Joy Bacudo • 3 min read • Last week
GSMA says India must turn mobile scale into growth
Unified Communications

GSMA says India must turn mobile scale into growth

With 12% of respondents scammed last year, the GSMA says faster case resolution and stronger digital trust are vital for India's next growth phase.

By Raphael Veloso • 4 min read • Last week
Kord launches custody network to cut law firm fraud
Fintech

Kord launches custody network to cut law firm fraud

The new service aims to curb payment diversion fraud in property and legal deals by verifying recipient accounts before client money is sent.

By Karen Joy Bacudo • 3 min read • Last week
Dext launches payments in Canada for QuickBooks & Xero
Fintech

Dext launches payments in Canada for QuickBooks & Xero

Canadian QuickBooks Online and Xero users can now process supplier and expense payments in one workflow, after beta users handled more than USD $2 million.

By Karen Joy Bacudo • 3 min read • Last week
Basware completes Trustpair acquisition to curb fraud
Enterprise Resource Planning

Basware completes Trustpair acquisition to curb fraud

The deal widens finance teams' defences as payment fraud shifts from invoices to supplier bank details, leaving approved bills vulnerable.

By Karen Joy Bacudo • 4 min read • Last week
FOMO Pay partners Sumsub to boost compliance checks
Risk & Compliance

FOMO Pay partners Sumsub to boost compliance checks

The move should help FOMO Pay tighten onboarding and fraud checks as it expands across markets with diverging rules and rising scam pressure.

By Karen Joy Bacudo • 3 min read • Last week