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The Top 3 Digital Fraud Detection Tools for Online Lenders

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The expansion of online lending has not only proven vital to the growth of the digital marketplace, but it’s also contributed to the expansion of the economy overall. As a result, online lenders are targets for bad actors to swindle unsuspecting organizations out of money and disappear without a trace. Minor or sporadic fraud can be damaging, but a coordinated attack by a sophisticated fraud ring can devastate even the mightiest lending institutions. To secure growth and ensure longevity as an online lender, it’s crucial that your digital defense strategy includes robust, cutting-edge fraud detection tools. There’s never a bad time to reexamine your organization’s approach to fraud detection. Familiarize yourself with these three tools online lenders can use to catch fraudsters at the point of attack and stop fraud in its tracks. ID Verification Like so many online services, lending hinges on identity verification. Rapid, precise ID verification is absolutely vital to establishing
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3 Dangerous Types of Online Gaming and Gambling Fraud

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For millions of people worldwide, online gaming and gambling are excellent ways to wind down after a long workday or enjoy some fun during a leisurely weekend. It’s even a decent way to socialize and enjoy the camaraderie of others as you try your hand at something new. However, while gaming and gambling online can feel like a haven, there are associated risks—and fraud may be the largest one. Even those who use these sites and platforms purely for recreation become targets, not to mention publishers. The unfortunate reality is that each internet connection is a conduit for bad actors who manipulate people and platforms to further their agenda. Much like fintech companies use cutting-edge software to detect new account fraud , gaming and gambling platforms can use tools to deter or catch fraudsters before they strike. Here’s a list of three types of online gaming fraud worth defending against. Account Takeover Fraud Like any business, online gaming and gambling companies need users
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3 Predictions About the Future of Digital Identity

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The staggering pace of digital innovation requires enterprises and consumers alike to adapt in order to thrive in the modern marketplace. However, in much the same way you would secure growth for your company with the most effective new account fraud prevention and detection strategy, it’s best to take a proactive approach, rather than being reactive to technological evolution. Whether you’re a single parent, sole proprietor, or Fortune 1000 COO, it pays to keep up with the latest developments in digital identity. It’s not just about e-commerce—digital identity is on track to become a cornerstone of our increasingly global society. How quickly that happens is up for debate, but there are a few clear trends that can help inspired businesses and individuals alike keep up with this unprecedented advancement. Here are three evidence-based predictions about how digital identity will grow and change in the near future and how these transformations could impact your daily life. Digital Wa
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3 Digital Fraud Trends to Watch for Throughout 2023

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Virtually every industry continues to digitalize, creating new opportunities for businesses to grow and for consumers to enjoy unprecedented access to goods and services. But new and expanding digital platforms also present fresh targets for fraud rings, bot attacks , and other online threats. Everyone is at risk, from individual shoppers to well-established financial institutions. Simply put, today’s digital fraudsters are cunning and relentless. Organizations and private citizens alike are investing in new tools to detect fraud in real time and stop it at the point of attack. As you consider how to bolster your digital defenses, you might also be trying to identify trends that indicate how fraud will evolve throughout the rest of the year. Here’s a look at a few trends you can expect to see in the digital space in 2023. With this information you can better defend yourself and your organization against bad actors. Economic Downturn Drives Fraud Growth Recession or not, many people
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3 Essentials for Expanding Your Online User Base This Year

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If expanding your user base is key to achieving your organization’s goals this year, you may be preparing to implement a new user acquisition strategy. There are many ways to incorporate new techniques into your current processes, and your plan may ultimately be as unique as your business itself. Regardless of your organization’s size or industry, there are a few methods that everyone can depend on for tangible results. Whether you’re focused on growing the user base for your app or your site—or both—it’s best to start with a tried-and-true game plan rather than trying your hand at the uncertainty of trial and error. Remember, you don’t want to get stuck with tunnel vision. As you develop your user acquisition strategy, be sure to factor in robust new account fraud detection tools. Start planning with this list of three surefire means of expanding your user base without inviting attacks from bad actors. Pursue App Store Optimization If you want people to find, download, and regula
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How to Know Your Business Needs Better Digital Fraud Detection

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Assessing risk and navigating hazards are two crucial elements of guiding your organization toward its goals. This is especially true for expanding your digital footprint. Whether you’re rolling out new online services or growing your user base, you must consider your vulnerability to new account fraud and the dangers it can pose. Hopefully, your organization employs robust, modern fraud detection tools to catch bad actors at the point of attack. The threat from fraud rings, bot attacks, and other digital dangers is simply too great to ignore. If you’ve noticed a few signs that make you question your organization’s defenses, it might be worth taking a closer look before you’re caught off-guard. Whether the task takes minutes or hours, inspecting your fraud detection systems is time well spent. Start with this list of three dead giveaways that your organization could be doing more to spot the bad guys before they have a chance to strike. Your Systems Use PII to Authenticate New User
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The 3 Fundamentals of Modern Fraud Detection

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Digital fraudsters are more motivated and better equipped than ever, which means organizations like yours must work harder to stay ahead of their tactics. Avoiding the dangers of account opening fraud requires modern fraud detection that allows you to catch the bad guys at the point of attack. Although robust fraud detection tools are widely available and cutting-edge software proves extremely effective against fraud attempts, many businesses still fall victim to fraud rings, bot attacks, and other online hazards. Even if you think you’re protected, it pays to inspect and understand your system capabilities on a deeper level. To secure growth for your organization and keep bad actors at bay, it’s important to know how your fraud detection tools work. With that in mind, check out these three fundamentals of modern fraud detection. Tools That Go Beyond PII Achieving your goals in the digital space means expanding your user base, but you can’t afford to simply let fraudsters stroll t
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