Home Archive for category "Fraud Prevention"
formats

New Fraud Practice White Paper Discusses Techniques and Benefits Related to Identifying Low Risk Customers and Applicants

A new white paper from The Fraud Practice titled “Identifying and Streamlining Low Risk Customers or Applicants: Techniques and Benefits” is now available. This free white paper discusses the application of technology and techniques to derive signals of low or reduced risk and the benefits of identifying such orders in terms of conversion and screening

(More)…

 
Comments Off on New Fraud Practice White Paper Discusses Techniques and Benefits Related to Identifying Low Risk Customers and Applicants.
formats

Mortgage Application Fraud Increases in First Quarter of 2019 as Fraudsters Become More Sophisticated in How They Fudge Their Income

The National Mortgage Application Fraud Risk Index maintained by CoreLogic found a six percent increase in mortgage fraud risk in the first three months of 2019 relative to the first quarter of 2018. Applicants lying about their income have been increasingly more difficult to detect in recent years, employing tactics such as lying about employment

(More)…

 
Comments Off on Mortgage Application Fraud Increases in First Quarter of 2019 as Fraudsters Become More Sophisticated in How They Fudge Their Income.
Comments Off on Application Fraud Cost US Financial Institutions over $2.2 Billion in 2018.
Comments Off on One-in-Five Phishing Emails are Sent from Compromised Email Accounts.
Comments Off on Google Encourages Increased Consumer Security with Free Phishing Quiz.
Comments Off on InfoSec Professionals Report Increase in Phishing and Incidences Leading to Compromised Accounts.
formats

Using Compelling Evidence to Combat Chargebacks for Your Business

Guest Post & Case Study by: J. Carlson, Certified eCommerce Fraud Professional Chargebacks involve quite a few stringent processes and complex procedures. Making sure you provide adequate information when challenging a chargeback dispute is key. One thing that you can do is provide compelling evidence in those cases where the cardholder has claimed Fraud – Card

(More)…

 
Comments Off on Using Compelling Evidence to Combat Chargebacks for Your Business.
formats

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Card Not Present channel Merchants cite order rejection rates of nearly 3 percent for domestic transactions and nearly 7 percent for international orders. Meanwhile more than half of merchants depend on AVS and CVV checks, considering them to be effective fraud tools. While most merchants measure fraud rates and order rejection rates, far fewer take

(More)…

 
Comments Off on Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion.
formats

PayPal Completes $120 Million Acquisition of Simility

PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility for $120 million. PayPal COO Bill Ready says each of these five recent acquisitions are part of the company’s effort to strengthen the services they provide to merchants. Simility was founded in 2014, they are based

(More)…

 
Comments Off on PayPal Completes $120 Million Acquisition of Simility.
formats

Couple Serving 5 Years for $1.2 Million in Friendly Fraud

An Indiana couple made over 2,700 purchases from Amazon over the period of a few years, creating new accounts and morphing their identities to continually report goods as damaged or never having arrived. The professional fraudsters stole more than $1.2 million in electronics, but now each face more than five years behind bars. Erin and

(More)…

 
Comments Off on Couple Serving 5 Years for $1.2 Million in Friendly Fraud.
© The Fraud Practice LLC 2012