As of the beginning of 2024, over 5 billion individuals are actively engaged in the online world, reflecting the ongoing growth of the digital population. Sign-ups and sign-ins, likes and comments, online purchases–these trillions of digital interactions that take place every day–all create risk. Online activity opens the door for fraudsters to penetrate networks, compromise
In a recent Solutions Engineering blog, I walked readers through the different types of e-Commerce fraud prevalent today. Now I’d like to delve into the methods utilized by fraudsters to carry out these deceptions. Knowledge is power, and the more we know about each of these techniques, the more we can take action to minimize
The holiday season has long been a time for glad tidings and cheer. Unfortunately, fraud also notoriously skyrockets this time of year, and we see it time and time again where fraudsters capitalize on this increase in online activity Researchers have observed that attempted ransomware attacks are 70% higher in November and December compared to
In today’s rapidly evolving digital landscape, the threat of digital fraud looms large over all businesses. It is now essential for organizations to have a purposeful approach to fraud prevention that doesn’t add unnecessary friction for valid customers. It’s about striking the right balance between security and user experience. This blog examines how to use
After a long and hard day at work, like many others, I just want to relax and have a good time in a virtual battleground of my choosing. The issue arises when that rest and relaxation session turns into a perilous panic room due to cheaters and bad actors that flood public lobbies, exploit normal
Year after year, we see the devastating global effects of rapidly increasing account takeover attacks (ATOs). SIM swap attacks, which are a common account takeover tactic, are leading the charge. According to ooftyadvisory.com, in today’s US enterprise market, SIM swap attacks cost individuals and businesses over 100 million dollars per year. Typically, ATOs occur in
Retail e-Commerce revenue has displayed consistent growth since 2014, a trend further accelerated by the COVID-19 pandemic. Businesses are actively investing in digital technologies as consumers increasingly shift their purchasing activities online. This expansion of the digital landscape has, however, led to a surge in worldwide payment fraud, projected to incur losses of $40.62 billion
Now more than ever, fraudsters have reignited an old standard: social engineering. With the advent of the dark web, social engineers have an ever-increasing arsenal with which they can work—data. Not only do they want your credit card information, but they also want direct access to your bank accounts in order to divert funds in
Who’s your customer? Are they who they say they are? Do you trust them? These are three critical questions every product manager at a FinTech company or financial institution must be equipped to answer. And if you fail to answer, the results can be costly. To protect your business and customers from fraud, it’s imperative
Watch now What are the ingredients of the “trust recipe?” And why do organizations that prioritize and earn trust reach higher levels of success? The answers were among the insights provided by Grace Trinidad, Research Director at IDC’s Future of Trust practice, at a September 20th webinar hosted by Telesign. Here are three takeaways from
Smartphones are used globally and are capable of more than making phone calls and sending texts. As technology evolved, new communication channels, like Over-The-Top (OTT) or Rich Communication Services (RCS), came into play. And unlike SMS, they offer a richer, more interactive experience. Should companies consider alternatives to SMS for their B2C communications? These channels
These days, sending text messages is a standard practice in most people’s daily lives. Such a popular form of communication has so many technologies surrounding it, all with unique ways to carry a message from one person to another. How well do you know the protocols that allow your smartphone or mobile device to send