In today's digital landscape, ensuring compliance with age restrictions is paramount for businesses operating online. The evolution of technology has facilitated the implementation of efficient age verification methods, seamlessly integrating…
Fraudsters will always seek new ways to exploit people's private information. Cybercrime and fraud prevention is an ever-changing and evolving field based on varied tactics used by fraudsters. While fraudsters…
Concerns regarding the security of users’ data are increasing day-by-day, as passwords have become inefficient for protecting customer data. So, how can you protect your customers from identity attacks? Today,…
In late 2021, the European Banking Authority (EBA) launched a public consultation for its drafted guidelines on the use of remote customer onboarding solutions. The main factor was the COVID-19…
Protection against fraudsters isn’t just for banks or payment operators; any organisation that needs to verify customer identities, handle transactions – essentially prove someone is who they say they are…
What are False Positives? A false positive is when a legitimate transaction is flagged as suspicious, shutting down the payment or locking an account down completely, in other words, a…
A fraud risk management model is a framework outlining all processes related to how fraud can be identified, assessed, mitigated, monitored, and reported to senior management. An efficient Fraud Risk…
According to The Open Banking Implementation Entity ‘Open Banking is the secure way to give providers access to your financial information’8. Although Open banking creates new ways to new products…
Fraud has quickly become a multi-billion dollar problem for the banking and finance industry. A report by The Association of Certified Fraud Examiners (ACFE, 2018) found that organizations lose approximately…
▪ Fraud or dishonesty ▪ Misconduct in, or misuse of information relating to, a financial market ▪ Handling the proceeds of crime ▪ The financing of terrorism The Association of…