NeuroID

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 ...

Billions of dollars are lost every year to online fraud and cybercrime. As more commerce moves online, the threat of cybercrime continues to grow. Cybercriminals are looking for one thing—information they can leverage to their advantage. Specifically, they are on the lookout for sensitive personal information. However, there are tools to better help protect you and your business against cybercriminals with early detection methods. To avoid the following common cybercrimes, arming yourself with knowledge is essential, as is using caution. However, an effective fraud detection tool equipped with sophisticated behavioral analytics technology can be a real game-changer for your organization. Here’s why. Fraud Is Becoming More Sophisticated One major consideration is the increased sophistication of modern cybercrime and fraudsters. Attacks that used to be fairly simple fraud attempts from individuals or small groups are now often carried out by organized criminal organizations...

Whenever a new account is created, there is the potential that it is a fraudster trying to fool the system and create an illegitimate account. This means the information may be stolen, whether it’s an individual who bought a spreadsheet of personal information or a fraud ring perpetrating large-scale identity theft. The best way to deal with this is with new account fraud detection . How does your company check to see if a new account is risky and could be fraudulent? Here are four warning signs to look for as you implement protective measures. How Users Interact with the Form How long does it take a user to fill in their information? If it takes more than a few seconds to add information to a box, users may be using their short-term memory to try to remember information from a spreadsheet. Typing in your name, address, and phone number, unless you’ve recently moved, shouldn’t take long since this kind of information is stored in a person’s long-term memory. Did they flip from scree...