Credit card fraud

Oportun Appoints Two New Independent Members to its Board of Directors

Retrieved on: 
Monday, February 5, 2024

SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced the addition of two new independent board members to its Board of Directors.

Key Points: 
  • SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced the addition of two new independent board members to its Board of Directors.
  • Effective as of February 7, 2024, the appointments expand Oportun’s board from seven to nine members with the additions of Carlos Minetti and Mohit Daswani.
  • “After an extensive search that considered many qualified independent candidates, our committee unanimously recommended and the full board has unanimously appointed both Carlos and Mohit, to the Oportun board,” said Ginny Lee, Chair, Oportun Nominating, Governance and Social Responsibility Committee.
  • “I expect that the board and the leadership team will immediately leverage their deep knowledge in consumer-related financial services.”

Payment Fraud Intelligence Expands The Recorded Future Intelligence Cloud

Retrieved on: 
Wednesday, September 7, 2022

BOSTON, Sept. 7, 2022 /PRNewswire/ -- Recorded Future, the world's largest intelligence company, today announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence, a single source of truth for identifying, mitigating, and preventing payment fraud. Payment Fraud Intelligence enables those focused on payment fraud, including financial institutions, card issuers, and e-commerce providers to disrupt the entire payment fraud lifecycle by helping to detect e-skimmer infrastructure, compromised cards, and crypto wallets associated with malicious activity.

Key Points: 
  • Real-Time Dark Web Intelligence Empowers Financial Institutions, Card Issuers, and E-commerce Providers to Prevent Payment Fraud
    BOSTON, Sept. 7, 2022 /PRNewswire/ -- Recorded Future, the world's largest intelligence company, today announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence , a single source of truth for identifying, mitigating, and preventing payment fraud.
  • Payment Fraud Intelligence enables those focused on payment fraud, including financial institutions, card issuers, and e-commerce providers to disrupt the entire payment fraud lifecycle by helping to detect e-skimmer infrastructure , compromised cards , and crypto wallets associated with malicious activity.
  • Recorded Future's Payment Fraud Intelligence enables payment fraud teams to proactively:
    With Recorded Future Payment Fraud Intelligence, the Card Fraud Prevention team at Swedbank is automatically alerted when its cards have been compromised and posted for sale on the dark web, enabling them to preemptively block and replace cards before fraud can occur.
  • - Andrei Barysevich, Vice President, Fraud Solutions, Recorded Future
    Learn more about Recorded Future Payment Fraud Intelligence: https://www.recordedfuture.com/platform/payment-fraud-intelligence
    Request a demo of Recorded Future Payment Fraud Intelligence: https://go.recordedfuture.com/demo
    Recorded Future is the world's largest intelligence company.

Payment Fraud Intelligence Expands The Recorded Future Intelligence Cloud

Retrieved on: 
Wednesday, September 7, 2022

BOSTON, Sept. 7, 2022 /PRNewswire/ -- Recorded Future, the world's largest intelligence company, today announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence, a single source of truth for identifying, mitigating, and preventing payment fraud. Payment Fraud Intelligence enables those focused on payment fraud, including financial institutions, card issuers, and e-commerce providers to disrupt the entire payment fraud lifecycle by helping to detect e-skimmer infrastructure, compromised cards, and crypto wallets associated with malicious activity.

Key Points: 
  • Real-Time Dark Web Intelligence Empowers Financial Institutions, Card Issuers, and E-commerce Providers to Prevent Payment Fraud
    BOSTON, Sept. 7, 2022 /PRNewswire/ -- Recorded Future, the world's largest intelligence company, today announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence , a single source of truth for identifying, mitigating, and preventing payment fraud.
  • Payment Fraud Intelligence enables those focused on payment fraud, including financial institutions, card issuers, and e-commerce providers to disrupt the entire payment fraud lifecycle by helping to detect e-skimmer infrastructure , compromised cards , and crypto wallets associated with malicious activity.
  • Recorded Future's Payment Fraud Intelligence enables payment fraud teams to proactively:
    With Recorded Future Payment Fraud Intelligence, the Card Fraud Prevention team at Swedbank is automatically alerted when its cards have been compromised and posted for sale on the dark web, enabling them to preemptively block and replace cards before fraud can occur.
  • - Andrei Barysevich, Vice President, Fraud Solutions, Recorded Future
    Learn more about Recorded Future Payment Fraud Intelligence: https://www.recordedfuture.com/platform/payment-fraud-intelligence
    Request a demo of Recorded Future Payment Fraud Intelligence: https://go.recordedfuture.com/demo
    Recorded Future is the world's largest intelligence company.

The Worldwide eCommerce Fraud Detection & Prevention Industry is Expected to Reach $83.9 Billion by 2026 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 11, 2022

What are the inhibiting factors and impact of COVID-19 shaping the Global eCommerce Fraud Detection & Prevention Market during the forecast period?

Key Points: 
  • What are the inhibiting factors and impact of COVID-19 shaping the Global eCommerce Fraud Detection & Prevention Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global eCommerce Fraud Detection & Prevention Market?
  • What is the market share of the leading vendors in the Global eCommerce Fraud Detection & Prevention Market?
  • What modes and strategic moves are considered suitable for entering the Global eCommerce Fraud Detection & Prevention Market?

Identity Theft Insurance Market to Reach $2.09 Bn, Globally, by 2030 at 14.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, February 9, 2022

According to the report, the global identity theft insurance industry generated $0.57billion in 2020, and is anticipated to generate$2.09billion by 2030, witnessing a CAGR of 14.2%from 2021 to 2030.

Key Points: 
  • According to the report, the global identity theft insurance industry generated $0.57billion in 2020, and is anticipated to generate$2.09billion by 2030, witnessing a CAGR of 14.2%from 2021 to 2030.
  • Surge in adoption of digital payments, rise in cybercrimes,and increase in the number of credit card usersdrive the growth of the global identity theft insurance market.
  • Identity theft insurance cost are experiencing massive growth as consumers are getting familiar with the risks related with electronic identification technologies in the market.
  • The increase in cases of credit card fraud owing to digitization is proving beneficial for the growth of identity theft insurance market.

Identity Theft Insurance Market to Reach $2.09 Bn, Globally, by 2030 at 14.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, February 9, 2022

PORTLAND, Ore., Feb. 9, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Identity Theft Insurance Market By Type (Credit Card Fraud, Employment Or Tax-Related Fraud, Phone Or Utilities Fraud, Bank Fraud and Others) and Application (Individuals and Business): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global identity theft insurance industry generated $0.57 billion in 2020, and is anticipated to generate $2.09 billion by 2030, witnessing a CAGR of 14.2% from 2021 to 2030.

Key Points: 
  • According to the report, the global identity theft insurance industry generated $0.57billion in 2020, and is anticipated to generate$2.09billion by 2030, witnessing a CAGR of 14.2%from 2021 to 2030.
  • Surge in adoption of digital payments, rise in cybercrimes,and increase in the number of credit card usersdrive the growth of the global identity theft insurance market.
  • Identity theft insurance cost are experiencing massive growth as consumers are getting familiar with the risks related with electronic identification technologies in the market.
  • The increase in cases of credit card fraud owing to digitization is proving beneficial for the growth of identity theft insurance market.

Online Shoppers Urged to Watch Out For Black Friday Fraud

Retrieved on: 
Monday, November 22, 2021

Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics."

Key Points: 
  • Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics."
  • With that in mind, here are the actions FICO's TJ Horan says you can take right now to protect yourself from fraud and identity theft.
  • These effective and simple services store your passwords in the cloud so you can use them anywhere.
  • These messages often include a "tracking link" that you are urged to click in order to update your delivery or payment preferences.

QCI CEO Outlines Company Progress in Shareholder Letter

Retrieved on: 
Wednesday, June 30, 2021

According to QCI CEO, Robert Liscouski: Much of the market continues to focus on pure quantum for quantums sake.

Key Points: 
  • According to QCI CEO, Robert Liscouski: Much of the market continues to focus on pure quantum for quantums sake.
  • It can only be derived from the sophisticated combination of classical and quantum computing techniques that is enabled today with Qatalyst.
  • QCI alone provides simple, seamless access to powerful computational software across a variety of classical and quantum computers with no quantum expertise required.
  • This includes:
    Fraud Detection: A large global data company is working with QCI to identify credit card fraud, security risks for illicit activity, and physical access to secure sites.

Top Learnings From a Year of Unprecedented Fraud Attacks on Contact Centers

Retrieved on: 
Tuesday, June 22, 2021

As a result, more survey respondents cited the call center as enabling account takeover fraud in 2020 than in previous years.

Key Points: 
  • As a result, more survey respondents cited the call center as enabling account takeover fraud in 2020 than in previous years.
  • While 40% of respondents reported increased fraud compared to 2019, the actual amount may be higher, as it is often difficult to trace eventual online fraud to an account takeover via phone call.
  • Preference for agent-led knowledge-based authentication fell by 57%, to its lowest point since the survey began in 2018.
  • Criminals are also increasingly using virtualized calls to contact agents and gain access to customer accounts via social engineering.

Stay Safe From ID Theft: Peace Of Mind Is Free Thanks To Insurance Provider

Retrieved on: 
Tuesday, April 20, 2021

Unlike credit card theft or bank account hijacking, victims of identity theft often have to prove their innocence to a confounding mix of government and private agencies.

Key Points: 
  • Unlike credit card theft or bank account hijacking, victims of identity theft often have to prove their innocence to a confounding mix of government and private agencies.
  • That\'s why Acceptance Insurance has stepped up to offer consumers 30 days of free identity theft recovery protection through Legal Club when they request a free insurance quote.\n"The number of hoops victims have to jump through in order to restore the damage a criminal has caused is overwhelming.
  • To get a free quote with free ID theft protection for 30 days, visit acceptance.com/identity .\nAcceptance Insurance (FACO) is both an omnichannel insurance agency and insurance carrier operating in 15 states across 338 retail locations.
  • Their team of 1300-plus focuses on developing long-term relationships with historically underserved customers and those who prefer more flexible payment schedules and greater risk tolerance.