NeuroID

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 ...

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 ...

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...

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 ...

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...

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...

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...

If your organization is working to expand its digital user base, exposure is a great strategy. But the wrong kind of exposure can make your business the perfect target for fraud rings, bot attacks , and other online threats. If you want to guard against these threats, you want to ensure your business doesn’t look like an appealing target. The world of online fraud detection has changed significantly in recent years. If you aren’t an expert, you might feel intimidated by this fast-paced, high-stakes game of cat-and-mouse. But with the right tools, you can secure growth for your company and keep the bad guys at bay—even if you don’t have a degree in computer science. As important as knowing how to detect fraud is, it’s also vital to know what not to do along the way. Here are three signs that digital fraudsters might target your business. You Use PII for ID Verification When it comes to authenticating new users, you simply can’t trust that people are always who they claim to be. You...

It’s difficult to imagine starting any business in 2022 without a digital presence. Whether you create an app for your members, process payments online, or email coupons to your subscriber list, nearly every company sees the web as a vital avenue to success. Despite the ubiquity of the World Wide Web, many entrepreneurs and business leaders struggle to secure their digital operations against would-be fraudsters. But fraud is a booming industry, and the bad guys spend long hours identifying and exploiting vulnerable organizations. Getting new account fraud detection right is critical to protecting your company. Learning from the mistakes of others is an excellent way to avoid the same missteps and secure growth for your team. Learn about these common mistakes entrepreneurs make when it comes to fraud detection. Not Taking New Account Fraud Detection Seriously To most people, fraud sounds like a petty crime with no real victim; there’s just nothing edgy about it. Fraud ...

Significant economic changes are virtually always a trade-off. The eCommerce revolution has created groundbreaking financial opportunities while introducing an insidious and sophisticated diversity of cyber threats. Thankfully, fraud detection solutions that are just as sophisticated as the threats they’ve been developed to counter are now available. With some preparation and technology to detect new account fraud and other threats, your business can far more safely prosper and expand online. Become Educated on the Existing Fraud Threats Researching and familiarizing yourself with cybercrime threats and fraud risks in general and those most likely to target your business specifically is essential. It may sound obvious, but far too few of those who rely on online financial transactions educate themselves on the specifics of those threats. The more you learn about the risks, the better positioned you are to detect them and take action. Train Your Team Members on Fraud Thre...

If your organization operates in the digital space, you likely have a solid grasp of the threat posed by fraudsters. You’ve probably even spent some time getting acquainted with the most prominent aspects of account opening fraud detection. But if you aren’t familiar with pre-submit data, you’ll want to invest a few minutes learning about this game-changing concept. Maintaining effective fraud detection systems is challenging because the situation is never static. The bad guys are working overtime to level up their cybercrime abilities, and the fraud detection tools that were cutting-edge six or seven years ago have quickly become obsolete. Pre-submit data is the foundation for modern, effective fraud detection solutions. This article will help you learn about pre-submit data and its uses. The Problems with Post-Submit Data Before diving into the ins and outs of pre-submit data, let’s start with some context. Generally speaking, fraud detection depends on identity veri...

Successful growth in the digital space requires robust protection against a wide range of cyber threats. As these hazards evolve and bad actors concoct more devious schemes, so too must your fraud detection systems.  Every fraudster hopes to stumble across an organization that relies on outdated defenses without giving them a second thought. If your company still depends on PII-based systems for ID verification and fraud detection, odds are you’re an attractive target. With the advent of behavioral analytics software, however, businesses are more capable than ever of catching fraudsters before they can strike, intervening at the point of attack. This article will cover the most significant differences between behavioral analytics tools and PII-based measures. The Digital Identity Crisis Through phishing schemes, data breaches, and identity theft, vast troves of compromised PII have been made available on the darknet, where they wait to be purchased by the highest...

Upon hearing the term “digital fraud ring,” most business owners fall into one of two categories. For many, the fraud ring is a nebulous notion of ineffective, low-level criminals scamming grandparents out of a few bucks here and there. But business owners who have experienced an online fraud ring attack firsthand understand precisely how devastating these incidents can be. Hopefully, you’re motivated to place yourself in a third category: that of the savvy business leader who takes digital threats seriously, keeps up with the latest new account fraud detection methods, and does what’s necessary to secure growth. If you’re ready to learn about sophisticated fraud rings and what it takes to stop them, here’s everything you need to know about this genuine threat. What Is a Fraud Ring? A fraud ring is simply a group of cybercriminals working together to enact their chosen form of fraud. According to some estimates, over 30,000 potential fraud rings currently exist worldwide. Unlike lo...

Growing your business requires attention to detail and the ability to handle any threat you have to face. But what about the threats that could potentially go undetected? Unfortunately, when it comes to operating in the digital space, organizations of all types face a variety of hazards that often remain invisible until it’s too late. New account fraud is among the top dangers most companies don’t see coming, though everyone would prefer to catch fraudsters before they get into a position to strike. While many organizations rely on obsolete digital defenses, there are modern, innovative tools that can help your organization implement real-time fraud detection solutions. If you’re on the fence about an upgrade, you’ve come to the right place. Read on to learn why an investment in cutting-edge fraud detection tools can provide outsized benefits for your growing business. Digital Success Requires Securing Growth Regarding fraud detection and its necessity, there exists an unfortunate...

Securing digital growth is essential for the success of any organization in this day and age. However, the online marketplace is full of fraud rings, bot attacks, and other threats that can cause significant damage to any business, regardless of size or industry. Amid the cat-and-mouse game between bad actors and those in the account opening fraud detection industry, one variable presents a complex, ever-evolving challenge: the synthetic identity. And to make matters worse, there are different types of synthetic identities. Like most of the nefarious means fraudsters use each day, the successful implementation of a synthetic identity relies in part on complacent targets. Businesses that depend on outdated software make attractive targets for fraud rings and other bad actors. However, there are things you can do to protect your organization from the bad guys, even the sophisticated fraudsters using synthetic identities. Are you ready to learn about synthetic identities and how to avo...

Each day, you can encounter all types of digital bad actors working in different locations worldwide, but they all have one thing in common: They’re looking for any vulnerability in your systems they can exploit to carry out their nefarious schemes. Once they gain access to your services, fraudsters can swindle you in practically no time. Or they can play the long game and linger for years before disappearing without a trace. New account fraud, in one form or another, is one of the tried-and-true methods fraudsters use to slip past your detection software. That’s why using top-notch ID verification measures is essential to help your business weed out users with malicious intent. If you’re concerned about identifying fraud, here are the fundamentals of new account opening fraud you should know. Armed with this information, you can better equip your business to catch bad actors before they strike. Stolen Identities It’s not the oldest trick in the book, but it’s close. Stealing some...

Your company, like many others, is pulling out all the stops to thrive in the digital space. But if you aren’t similarly motivated to employ modern new account fraud detection systems, you could see all your hard work wiped away by a fraud ring attack. If you want to expand your online presence, it’s time to face the facts: Fraud rings are working overtime to test for and exploit vulnerabilities. Factors like your industry and the size of your organization don’t matter. Every business with an online presence is a potential target, and you may not know you’re at risk until it’s too late. That’s why it’s crucial to protect your company with innovative tools to help identify fraud rings at the point of attack. You need to detect risky applicant behavior in real time to ensure your step-up verification systems can intervene at a moment’s notice. Here’s everything you need to know to understand the threat landscape, evaluate your organization’s exposure, and learn about robust...