The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion.From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams.Overall, the percent of suspected fraudulent[...]
Shadowy sellers want to capitalize on interest in pharmaceuticals promising a potential treatment to COVID-19.NormShield researchers looked for websites using the names of 10 commonly discussed drugs over the last several months. They found a dramatic spike in the number of sites generated to[...]
New account fraud increased 27.8% worldwide YTD in 2019, compared to full-year 2018 results, and more than 100% compared to 2014 levels, Jumio reveals.Surprisingly, attempted new account fraud was 19% less during the Black Friday/Cyber Monday weekend (compared to the average 2019 fraud levels),[...]
A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes, according to new research from Mitek and Consult Hyperion.
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