Identity Verification In Crypto

Cryptocurrency exchanges serve as both magnets for fraudsters and subjects of regulatory scrutiny. To navigate this landscape effectively, it’s crucial to enhance crypto KYC (Know Your Customer) and identity verification tools, striking a balance between fraud prevention and regulatory compliance. What Exactly is Crypto KYC? Crypto KYC, or Know Your Customer, represents a legal obligation […]

Understanding Fraud Analytics – New Way to Combat Fraud

Fraud analytics relies on the use of big data analysis to detect and prevent online financial fraud. It can help financial organizations learn about ongoing fraud trends and build safeguards to protect themselves. More and more people rely on online banking for the convenience it offers. The 2020 lockdown acted as a catalyst for online […]

Why Do Digital Business Operations Need Strong Identity Verification Solutions?

The impact of the Covid-19 pandemic has forced businesses all over the globe to reinvent their business operations. With more and more customer interactions happening online, the risk of digital financial fraud and identity theft is rising as well. For businesses to keep up with the digitization of basic work operations, and enhanced risk of […]

Marketplace Fraud Trends

Marketplace fraud is as the name suggests. A buyer or seller makes false claims through a company. The fraud could be as simple as making false claims about the quality of products and services, or selling different items as advertised. An online marketplace provides a platform that buyers and sellers to find one another. eBay […]

Can Strong Fraud Protection Bring in More Customers?

According to several surveys, it has become evident that strong fraud protection is the first thing in banking customers’ minds. In this world of growing fraud, it’s no surprise that customers want some sense of security. The banking and financial services landscape has grown at an exceptional pace in the last decade. Fraudsters have taken […]

Proactive Customer Communication

In the digital age, banks face the constant challenge of effectively communicating with their customers to prevent and manage fraud incidents. The results of a recent global consumer fraud survey highlight the need for proactive, personalized customer communication to detect and prevent fraud, as well as to efficiently resolve fraud cases. However, meeting customer expectations […]

What is Transaction Fraud and How to Prevent Transaction Fraud?

Today, people can use business services globally. Digital transactions allow consumers to connect with brands all over the world and take advantage of eCommerce opportunities. Building trust in digital commodities is ideal for your business to succeed. Businesses don’t know who exactly they’re transacting with. So, transacting online requires verifying identities and preventing online transaction […]

5 Ways to Fight First Party & Synthetic Identity Fraud

Synthetic fraud and first-party fraud is becoming a major challenge. Both first-party fraud and synthetic fraud are hard to detect. In this guide, we’ll dive deeper into how banks and telecom organizations can identify these types of fraud without adding friction to the process of real customers. The biggest problem with first-party fraud is figuring […]

Knowledge-Based Authentication (KBA) Guide

Knowledge-based authentication or KBA is an authentication method that relies on a series of questions to verify a person’s identity. KBA is one of the oldest authentication methods to prevent fraud. Without answering a series of questions, a user can not access the account. KBA at its core indicates that it’s a type of authentication […]

What is Regulatory Compliance?

Regulatory compliance by its definition is an organization’s compliance with local and global rules and regulations. If an organization fails to comply with regulations, it can face legal troubles and huge fines. Some of the biggest examples of compliance laws and regulations include: Payment Card Industry Data Security Standard (PCI DSS) Health Insurance Portability and […]

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