5 ways to enhance your onboarding journey and reduce drop-offs
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
1y ago
Guided capture technology can help protect your business against sophisticated fraud attacks and give customers the smooth onboarding experience they demand The tools and technology businesses use today to prevent fraud and financial crime and keep customers safe are highly sophisticated, encompassing artificial intelligence, big data and globally shared intelligence. Yet for every step forward we take, resourceful criminals are finding ways and means to fight back, using equally sophisticated technology. So how can businesses best protect their customers whilst balancing the need for a quick ..read more
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Ten learnings from UK Finance’s Half-Year Fraud Report
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
1y ago
The latest Half-Year Fraud Update from UK Finance was published recently, exploring the scale of fraud in the UK and the different methods used by criminals to exploit victims.  Sponsored by LexisNexis® Risk Solutions, the report shows over £600 million stolen through fraud and scams in the first half of this year. Here’s a quick summary of what these latest figures are telling us about the fight against the fraudsters: It’s a good news story overall for UK financial services: with an overall decline of 13% in fraud compared to 2021, indications are that increasing adoption of fraud pre ..read more
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How machine learning and intelligent insights are accelerating the UK’s fight against APP Scams
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by Tom Garner
1y ago
LexisNexis(R) Risk Solutions Head of Engagement, Tom Garner explores the genesis of the complex scam and shares the latest technological developments showing promise in turning the tide on the UK’s scam-demic The break-neck speed with which digitalisation has transformed the way we live our lives can, at times, be alarming. Yet, it’s also brought countless benefits to society. Anything and everything is at our fingertips within a few clicks: shopping, food, communication, entertainment and banking – the latter giving consumers the ability to make almost instant payments and transfers. The dow ..read more
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Protected: Is This the Golden Age of Crypto Scams?
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by Stephen Topliss
1y ago
This content is password protected. To view it please enter your password below: Password: The post Protected: Is This the Golden Age of Crypto Scams? appeared first on Fraud and Identity in Focus ..read more
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We need to talk about Trust
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
1y ago
Former Police Commander, Karen Baxter responds to the latest digital trust research from LexisNexis Risk Solutions and explores how it informs law enforcement’s approach to tackling fraud. Banks were revealed to be the brands most trusted by UK consumers in a recent study conducted by LexisNexis Risk Solutions. Banks got the highest share of votes (86%) from consumers when asked which sectors they most trust overall. They also said they trust the banks most to keep their personal details safe online, with nearly two-thirds of UK adults (60%) agreeing. Twice as many of those questioned trusted ..read more
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Top 5 ways to configure your fraud defences to tackle the challenges laid out in UK Finance’s...
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
1y ago
According to the latest figures in UK Finance’s Annual Fraud Report , criminals stole over £1.3billion in 2021 through a combination of authorised and unauthorised fraud, taking advantage of ongoing disruptions as a result of the pandemic. The banking and finance sectors must do all they can do to protect customers from fraud and scams, whilst also continuing to work towards better cross-industry collaboration and information sharing. In addition to seeking partnerships with government and law enforcement to stop fraudsters infiltrating the system at every entry point. This requires the proac ..read more
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How are forward thinking insurers using data to finally get ahead of ghost broking? 
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
2y ago
Who ya gonna call? Organised fraud rings are a constant threat that many in the insurance industry still struggle to deal with effectively. Now, in the face of a cost-of-living crisis, a need to reduce monthly outgoings will undoubtedly see many more consumers lured into the arms of unscrupulous fraudsters offering premiums that are too good to be true.  So how can insurance providers filter out the invisible fraudsters, without compromising on a quick decision for genuine online applications?  One of the more positive repercussions of the global pandemic is that consumer demand for ..read more
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Rage Against The Scams
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by LexisNexis Risk Solutions
2y ago
How machine learning is helping effectively prevent complex social engineering scams with no impact to genuine customers.  In this blog we document how LexisNexis(R) ThreatMetrix(R) works as an advanced machine learning model, live deployment platform, delivering easy implementation and high performance.  What makes our job challenging is also what makes it so interesting. Fraud is a constantly evolving world and so we too must always be evolving and adapting to the ever-more complex and inventive techniques fraudsters dream up to scam unfortunate individuals out of their hard-earne ..read more
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Protected: Why Virtual Banks in Asia Must Take Security Seriously
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by VO Thanh Tai
2y ago
This content is password protected. To view it please enter your password below: Password: The post Protected: Why Virtual Banks in Asia Must Take Security Seriously appeared first on Fraud and Identity in Focus ..read more
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Protected: 5 Ways Asia-Pacific Banks Can Beat Scammers
Fraud and Identity in Focus | Fraud Detection and Prevention U.S.
by Mark Redfern
2y ago
This content is password protected. To view it please enter your password below: Password: The post Protected: 5 Ways Asia-Pacific Banks Can Beat Scammers appeared first on Fraud and Identity in Focus ..read more
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