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The retail sector has seen many fraud point solution providers and fraud platforms enter the market over the last several years. But it seems very little progress has been made in both reducing fraud and also in reducing false declines.
https://internetretailing.net/guest-comment/guest-comment/guest-comment-artificial-intelligence-is-the-next-evolution-in-the-fight-against-fraud-and-false-declines
Detection of fraudulent activity in the payments world is the perfect place for artificial intelligence to blossom, according to Riteesh Singh, senior vice president at Finastra and Joël Winteregg, CEO and co-founder of NetGuardians.
https://www.bobsguide.com/guide/news/2019/Sep/26/fraud-a-natural-fit-for-ai-applications/#.XY4KHcTfjGg.twitter
In 2018, global ecommerce sales reached £2.27 trillion – a staggering number, and an 18 per cent increase over 2017.
Lloyds Bank has rolled out a fraud prevention system, dubbed 'the Rat', that uses behavioural analysis to spot crooks and freeze them out of victims' accounts before they can make off with any money.
https://www.finextra.com/newsarticle/34461/lloyds-sets-the-rat-on-fraudsters
Worried about contactless card fraud? Here's what you need to know
https://www.goodhousekeeping.com/uk/consumer-advice/money/a29122937/avoid-contactless-card-fraud/
The TM Forum recently released the 2019 edition of the TM Forum Fraud Survey, which set up to assess how fraud management (FM) practices are being implemented. Surveying 54 communications service providers from across the globe, the survey aimed to assess the impact of current fraud management processes, understand emerging risks and how CSPs are responding to new challenges related to the digital ecosystem.
https://www.vanillaplus.com/2019/09/19/48520-tm-forum-fraud-survey-finds-csps-underestimating-5g-risks/
Humans copy each other. It’s often said that if you want someone to be more comfortable with you, mimic how they sit or stand. Psychologists call this ‘mirroring’, but it doesn’t just happen during social gatherings. Seeing someone drop a bit of trash or cutting a traffic light gives us a slight nudge into thinking it’s okay. If they are doing it, maybe I can too.
https://thefintechtimes.com/fighting-fraud-from-the-top/
No matter how careful you are, it can be easy to fall victim to bank fraud – particularly, it turns out, if you are from Generation Y.
https://uk.finance.yahoo.com/news/how-millennials-can-protect-themselves-from-bank-fraud-050019521.html?soc_src=social-sh&soc_trk=tw
What are the best and most effective ways information security professionals can use blockchain technology?
North Yorkshire Police is urging people to have conversations about fraud and share their experiences to help reduce the numbers who fall victim every day.
https://www.yorkshirecoastradio.com/news/local-news/2946744/north-yorkshire-encouraged-to-say-something-about-fraud/#.XXKlPGcDv-A.twitter
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