NeuroID

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 bid

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