Introductory Guide to Phishing Emails – Common Techniques and Prevention Methods

Phishing scams are becoming more and more common. Every day hundreds of people around the globe face many problems with phishing emails. Understanding how phishing emails work can go a long way in helping you prevent phishing attacks. In 2014, Sony Picture Entertainment became the victim of a major phishing attack. During that time, hackers […]

Trade-Based Money Laundering

The AML landscape is evolving continuously, so fraudsters come up with new ways to launder money. One of these new and unique ways to exploit the financial systems and launder money is cross-border trade. Trade-based money laundering is becoming an issue. To prevent trade-based money laundering, new steps are being taken. In this guide, we’ll […]

Flaws in Knowledge-Based Authentication (KBA)

Knowledge-based authentication (KBA) has been the industry standard for over 20 years as a method of identity verification. KBA has been an outdated mode of verification for a long time. This is a flawed approach to verifying identities as it uses stagnant data. The same data has been breached and accessed by thousands of users […]

iGaming Regulations and KYC

Latin America is quickly becoming a fast-growing market for iGaming operators. According to reports, over 70% of iGaming operators plan to expand to Latin American and Central American markets in the next couple of years. The iGaming market in Latin America is highly diverse and entertaining and it has been growing in recent years. One […]

Third-Party Fraud – Definitions and Examples

Third-party fraud is when a fraudster uses an individual’s or company’s information to commit fraud. Third-party fraud is more commonly known as identity theft. It is the type of fraud that impacts most individuals across the globe every year. In 2023 alone, over 1.4 million cases of identity theft were reported to the FTC. The number is […]

DAC7 Compliance

The COVID-19 pandemic boosted the digital commerce space like never before. The gig economy also saw a boost as companies all over the world looked towards remote workers. The gig economy has always been outside the traditional norms of business. Allowing delivery drivers, vacation property owners, and similar businesses to avoid paying taxes on these […]

Application fraud

Let’s just agree on one thing – digitization has changed the financial sector for the good. No more waiting hours, no more visiting brick-and-mortar locations, and the ability to do things instantly. But, there’s a downside to doing everything digitally. Without face-to-face interaction, businesses become open to application fraud. As banks can’t see the person […]

Protecting Yourself from Holiday Shopping Fraud

The holiday season is upon us, with Black Friday and Cyber Monday just around the corner. As the festive shopping rush begins, it’s important to stay vigilant against potential fraudsters who are gearing up to exploit the season’s hustle and bustle with different holiday shopping fraud. Whether you’re a retailer hiring seasonal workers or a […]

Biometric Verification

Proving ourselves online has become a relatively recent problem. As the world becomes interconnected, it becomes harder to distinguish between legit users and people who imitate a legit user. Document verification and identity verification methods are essential when high-risk transactions are involved. ID verification and other similar methods have become necessary for the identity-proofing process. […]

Protecting Against Authorized Push Payment (APP) Fraud

As online transactions continue to surge across industries, concerns over authorized push payment (APP) fraud are growing among businesses worldwide. During the first half of 2022, APP fraud constituted a staggering 75% of all digital banking fraud. This type of fraud poses serious risks to both businesses and their customers, leading to financial losses, reputational […]

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