Building strong fraud defenses requires consistent monitoring, smart tech, clear processes, and a culture of awareness.

The Veriff Fraud Index is Live! Online fraud continues to rise, with 95% of organizations reporting suspicious activity in the past year. But with the right insights, there’s a clear path forward. “No matter where you are in the world, online fraud is a growing threat. This increase over last year shows the problem is getting worse, and it’s imperative that businesses act now to prevent the spread.” Iryna Bondar-Mucci 🇺🇦 This quarter’s Fraud Index breaks down emerging fraud patterns across the US, UK, and Brazil,and highlights what proactive organizations are doing to stay ahead. ✅ Download the report to assess your own risk, strengthen your strategy, and build better fraud defenses: https://lnkd.in/dec9KG3k

Fraud prevention isn’t just about stopping fraud. It’s about protecting trust. If your rules are creating more false positives than detections, then your strategy is costing you more than fraudsters could be. In our latest blog, Chris Oakley, Head of Financial Crime Solutions, explores: · Why false positives drain cost and trust. · How regulators are changing the conversation. · Why smarter optimisation with our Optimised Decision Engine is the way forward. Read the blog here: https://lnkd.in/eeB3tFYx This builds on our earlier blog on rule decay. Together they reveal why fraud operations need a rethink, and what precision fraud detection looks like in practice. read our last blog here: https://lnkd.in/ehnr3W3G Image description: red, orange and purple blended background with white text that says: "Blog. False positives are a cost centre". Underneath is an image of Chris Oakley, along with his job title, Head of Financial Crime Solutions.

Interesting post from Chris Oakley about how false positives are a cost centre in fraud detection and analysis. A must-read for anyone in fraud and financial crime!

To stay vigilant against visual risk, it is essential to understand the most common methods used by bad actors to commit fraud using digital content. https://hubs.li/Q03MqXFT0 Written by Jeffrey McGregor of Truepic

Fraud doesn't wait, your defenses shouldn't either. With real time transaction monitoring, every step matters. From initiation to reporting, every step ensures suspicious activity is flagged quickly and accurately in real time. This is because Fraud can strike at any moment, and delays in detecting suspicious activity put your business at risk. At Youverify, we streamline this process to cut down false positives, deliver explainable risk insights, and empower your teams to act faster all within one platform. Ready to enhance your fraud prevention strategy? Speak to our experts here: https://lnkd.in/dZGtACvX #Youverify #FraudPrevention #RegTech #FinTechCompliance #KYC #AML #RiskManagement #DueDiligence #PEP #SanctionScreening #DataProtection #BiometricsSecurity #LivenessCheck #Deepfakes #SpoofingAttacks #CustomerOnboarding #BankingCompliance #GamingFraud #GamingSolutions

63% of credit card holders in the US report experiencing fraud, with over half impacted more than once. We know dealing with fraud takes time and energy that our members would prefer to put toward their work, their families and their communities. That's why at Andrews Federal, we take fraud prevention seriously. Our priority is to protect members' financial security, both through our internal systems and efforts and through tools and resources designed to help them minimize risk and recover quickly if fraud occurs. Learn more: https://lnkd.in/epCU2fNj

What sets ARB apart from other banks? Quick and easy access to fraud experts who are ready to help when the worst case scenario happens to you or your business.  Meet Ana Gutierrez, our dedicated Fraud Investigations Manager! In this Fraud Expert Series, learn what advantages we have for our clients when dealing with fraud, how to avoid fraud, what commons scams are happening in our area right now, and red flags to teach your loved ones and staff. #cybersecuritymonth 

When fraud costs rise to $5.75 for every $1 lost, the numbers speak for themselves. But behind the numbers is a big question: How do institutions make the case for proactive investment in fraud defenses when the returns are measured in losses avoided? Fraud is a test of foresight. Those who wait until losses mount will pay the highest price. Those who can see fraud for what it is, an organizational risk multiplier, will shape not just security outcomes, but long-term competitiveness.

This is the story behind the Truepic Risk Network. Our experiences working on image and data authenticity for enterprises helped us learn more about systemic fraud and visual risk. These learnings led us to build the Risk Network, the first shared intelligence system for visual and device-level risk. Our CRO Phillip Denis shares the real-world fraud patterns that exposed a critical gap in how financial institutions detect and respond to visual risk. Read his article to see how it came together and what it means for the future of fraud prevention. https://lnkd.in/etyT8Bjv

There’s no single fix for fraud, but there are a lot of ways to help lower the risk. This article includes a helpful tip sheet to strengthen fraud protection across your systems and staff: https://lnkd.in/gGXhN-Kr