Latest news with #FraudDetection
Associated Press
23-07-2025
- Business
- Associated Press
Socure Introduces First-Ever Dispute Abuse Score to Stop Serial Fraudsters Across Industries
Sigma First-Party Fraud Solution Detects Repeat Abusers at Scale with Unprecedented Visibility into Suspicious Activity Across the Financial and eCommerce Ecosystems INCLINE VILLAGE, Nev., July 23, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance, and fraud prevention in over 190 countries, today announced the launch of its Dispute Abuse Score, the industry's first risk model purpose-built to predict the likelihood that individuals will abuse dispute processes, including Reg-E policies. This solution enables organizations to proactively and post-transaction detect repeat abusers who exploit dispute processes across platforms, a form of first-party fraud that costs U.S. businesses tens of billions of dollars annually. 'Dispute and Reg-E abuse have historically been two of the hardest forms of first-party fraud to detect, with bad actors hiding behind clean or slightly manipulated identities to exploit consumer protections,' said Johnny Ayers,CEO and Founder of Socure. 'Socure's Dispute Abuse Score changes the power dynamic by providing fraud and review teams with mission critical intelligence that the industry has never had access to, until now.' This game-changing innovation demonstrates Socure's continued leadership in defining the future of first-party fraud detection and addressing the evolving tactics of bad actors. Unlike legacy fraud tools and inferior platforms that just can't keep up with the pace of fraudster innovation, this purpose-built model is fueled by Socure's proprietary First-Party Fraud Consortium and Identity Graph, analyzing dispute histories, account closures, payment denials, geolocation and device intelligence from over 350 million identities and nearly 30 billion transactions. This cross-industry visibility enables organizations to identify repeat abusers who would otherwise remain hidden when institutions operate in isolation. This innovation further accentuates Socure's industry leadership role with RiskOS™ as the platform for every identity and risk decision, Socure's global and local ID graphs at the core of every differentiated insight and the market's best-performing products the Socure team has built its stalwart reputation on. The Dispute Abuse Score delivers predictive risk assessments and supporting intelligence at onboarding, transaction, or dispute resolution, empowering risk teams to: 'Socure's new Dispute Abuse Score represents exactly the kind of innovative, data-driven solution our industry needs to stay ahead of repeat abusers who exploit consumer protection mechanisms,' said Mandy Goettelman, Chief of Staff at Green Dot Corporation. 'As a founding member of Socure's First-Party Fraud Consortium, Green Dot understands the critical importance of industry collaboration in combating these sophisticated fraud schemes. This tool will help us better protect our customers while ensuring legitimate disputes are processed efficiently, ultimately creating a safer and more trustworthy financial ecosystem for all.' Dispute abuse, known as Reg E abuse in the debit world, has emerged as a critical threat across industries. Recent proprietary research from Socure reveals the scope of this challenge: 'Socure's new solution underscores its unique position in First Party Fraud,' said Jim Mortensen, Strategic Advisor at Datos Insights' Fraud & AML Practice. 'It delivers real-time intelligence to give financial institutions an edge in spotting high-risk behaviors to transform how they manage trust, friction, and fraud prevention throughout the customer lifecycle.' Built on insights from Socure's cross-industry consortium, Sigma First-Party Fraud goes beyond traditional tools by identifying serial abusers through risk signals that span across sectors, including e-commerce, gig work, and gaming, where it manifests under terms like 'buyer's remorse' or 'bettor's remorse.' The Dispute Abuse Score marks the second major model released under Socure's Sigma First-Party Fraud solution, following the Identity Manipulation Score launched in March 2025. About Socure Socure is the leading platform for digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry. With the acquisition of Effectiv, Socure has launched its RiskOS™ platform to offer end-to-end decisioning and orchestration for identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform. Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 58 organizations across the public sector, and more than 600 fintechs. Leading organizations including Capital One, Uber, Angi, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at View original content to download multimedia: SOURCE Socure
Associated Press
03-07-2025
- Business
- Associated Press
Embracing Boldness and Forward Motion: Meet Andre Russell
Originally published on GoDaddy Resource Library If you ask Andre Russell what keeps him going after nearly two decades at GoDaddy, you might expect a standard answer. But Andre doesn't do 'standard.' As a Fraud Detection Specialist by day and a coach, content creator, small business owner, DJ, cosplayer, and full-time dad during all other hours, Andre's journey is a testament to passion, perseverance, and the drive to always move forward. Tell us a little bit about yourself and your career journey here at GoDaddy. I first stumbled into GoDaddy nearly 20 years ago after moving to Arizona for school. I was in my 20s, looking for a job, and had no idea I was walking into a career that would become such a huge part of my life. Shortly after joining, I found my niche in the Payment Fraud Division as what I like to call a 'Fraud Fighting Cyber Sleuth.' We track down and stop bad actors who try to abuse our platform with compromised payment methods. It's fast-paced, unpredictable, and incredibly fulfilling work. I've grown alongside this company—literally. Watching GoDaddy evolve from its early days to the powerhouse it is today still leaves me speechless. How do you keep yourself motivated and inspired in your work? The ever-changing nature of fraud keeps things exciting, with no two days ever the same. Every morning, I'm energized and ready to tackle challenges, knowing I play an integral part in safeguarding people's accounts, payment methods, and trust in our platform. Combined with a deep sense of pride in our mission, this gives me all the motivation I need! What has been your most significant learning experience within the past year? To expect the unexpected. After being in fraud detection this long, I've learned that nothing really surprises me anymore—and that's a good thing. Having a flexible, ready-to-pivot mindset has helped me stay grounded in high-pressure situations and has translated to other areas of my life too. What aspects of GoDaddy's company culture do you appreciate the most? I've been here long enough to remember Bob Parsons' 16 Rules, and I still refer back to them now and then—they're worth a read if you haven't seen them. GoDaddy's culture has always celebrated boldness, individuality, and excellence. We have the kind of energy that makes every day exciting—whether it's our legendary company parties, or the random celebrity sightings in the office (shoutout to that time I ran into racing icon Danica Patrick)! GoDaddy always knows how to take care of its people. That spirit of fun, ambition, and camaraderie is why so many of us proudly call ourselves 'Lifers.' Tell us a little about life outside of work. Life outside GoDaddy? Let's just say I don't do boring. My wife Amanda and I are proud parents of two energetic boys who keep us on our toes, running between football games, baseball practices, soccer matches, and martial arts lessons. We coach, we cheer, and we celebrate! I lead our elementary school's Dad's Club, DJ school events, and even play The Grinch each year at our 'Breakfast with the Grinch' event—an absolute experience in itself. I'm also a cosplayer any chance I get, and I love fishing and camping with the family to unplug and recharge. On top of that, I co-own a custom trading card business ( ), and create YouTube content with my kids. There's never a dull moment—and I like it that way. What's your personal mantra? I've got two: 1. 'I always move in one direction—and that's forward.'2. 'Keep smiling.' No matter what life throws your way, forward motion and a good attitude can carry you a long way. Are you enjoying this series and want to know more about life at GoDaddy? Check out our GoDaddy Life social pages! Follow us to meet our team, learn more about our culture (Teams, ERGs, Locations), careers, and so much more. You're more than just your day job, so come propel your career with us. FacebookInstagramLinkedInTwitterTikTokCareer Page Visit 3BL Media to see more multimedia and stories from GoDaddy
Yahoo
16-06-2025
- Business
- Yahoo
Fraud Detection and Prevention Company Radar Report 2025: Businesses are Adopting AI and ML-Driven Solutions for Real-time Protection and Regulatory Compliance
The Fraud Detection and Prevention (FDP) market is expanding due to rising digital fraud risks. Businesses are adopting AI and ML-driven solutions for real-time protection and regulatory compliance. Essential KYC processes enhance security, mitigating fraud and financial crime. Discover insights in the latest Frost Radar™ analysis. Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Fraud Detection and Prevention (Know Your Customer), 2025: Frost RadarT" report has been added to report analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar. The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths. The fraud detection and prevention (FDP) market has grown significantly, driven by the frequency, sophistication, and volume of fraudulent attacks. The increase in digital transactions as well as companies' digital transformation initiatives have created a large attack surface. Businesses are adopting FDP solutions powered by artificial intelligence and machine learning to protect sensitive data and ensure compliance with regulations such as the General Data Protection Regulation and Payment Card Industry Data Security Standard. Artificial intelligence and machine learning enhance solution capabilities, offering real-time monitoring and analysis of transactions, pattern identification, biometric authentication, behavioral biometrics, device intelligence, and your customer (KYC) is an essential component of the FDP framework. KYC solutions verify customers' identities to mitigate risks associated with fraudulent activities and illicit financial transactions. Vendors may use information such as name, address, date of birth, and government-issued IDs to assess a customer's risk level based on profiles and activities. KYC is not a one-time process; effectiveness and avoidance of risks, such as session hijacking, require continuous monitoring of customer transactions and behavior and an alert about any anomaly. KYC helps businesses with compliance and regulations aimed at curbing money laundering, terrorism financing, and other financial crimes. By implementing robust KYC practices, businesses can protect themselves from fraud and build trust with customers and regulatory Topics Covered: Next Steps: Leveraging the Frost Radar to Empower Key Stakeholders Significance of Being on the Frost Radar Frost Radar Empowers the CEO's Growth Team Frost Radar Empowers Investors Frost Radar Empowers Customers Frost Radar Empowers the Board of Directors Best Practices & Growth Opportunities Best Practices Growth Opportunities Companies to Action AU10TIX Entrust Jumio Kount, an Equifax Company LexisNexis Risk Solutions NICE Actimize SEON Sumsub For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Pixalate's Q1 2025 LATAM Click Fraud Benchmark Reports for Mobile Apps, Desktop Web, & Mobile Web: 29% Click Fraud Rate on Desktop Web, 13% on Mobile Web, & 13% on Mobile In-App
New Pixalate research into more than 40 billion global open programmatic ad transactions reveals Chile was impacted by mobile web click fraud traffic (40% IVT rate) in Q1 2025. In LATAM, duplicate click IVT was the most dominant type of IVT related to click fraud on desktop web (39% IVT rate) London, May 28, 2025 (GLOBE NEWSWIRE) -- Pixalate, the leading ad fraud protection, privacy, and compliance analytics platform, today released the Q1 2025 Latin America Click Fraud Benchmarks Report. The report highlights various types of click-related invalid traffic (IVT) in the LATAM region and pinpoints high-risk categories, platforms, and countries impacted by IVT across desktop web, mobile web, and mobile in-app advertising. In addition to the Latin America (LATAM) report, Pixalate released regional reports for Europe, the Middle East, Africa (EMEA), North America, and Asia Pacific (APAC). Pixalate's data science and analyst team analyzed more than 40 billion global open programmatic advertising transactions across desktop web, mobile web, and mobile app traffic to compile these reports in Q1 2025. LATAM Desktop Web Click Fraud (Q1 2025) Invalid Click Rate: 29% of desktop web traffic clicks were invalid LATAM Mobile Web Click Fraud (Q1 2025) Invalid Click Rate: 13% of mobile web traffic clicks were invalid Chile was most impacted (40% IVT rate) LATAM Mobile App Click Fraud (Q1 2025) Invalid Click Rate: 13% of mobile app traffic clicks were invalid Pixalate developed a solution for IVT challenges through its Click Fraud Detection technology. The platform effectively maps clicks to impressions and identifies IVT. It enables the detection of various IVT types associated with suspicious users, ad creatives, or publishers. Download Pixalate's Q1 2025 LATAM Click Fraud Benchmarks Reports: APAC LATAM North America EMEA About Pixalate Pixalate is a global platform specializing in privacy compliance, ad fraud prevention, and digital ad supply chain data intelligence. Founded in 2012, Pixalate is trusted by regulators, data researchers, advertisers, publishers, ad tech platforms, and financial analysts across the Connected TV (CTV), mobile app, and website ecosystems. Pixalate is accredited by the MRC for the detection and filtration of Sophisticated Invalid Traffic (SIVT). The content of this press release, and the Q1 2025 Global Click Fraud Benchmark Report for Desktop, Mobile Apps and Web Traffic (the 'Report'), reflects Pixalate's opinions with respect to factors that Pixalate believes can be useful to the digital media industry. Any data shared is grounded in Pixalate's proprietary technology and analytics, which Pixalate is continuously evaluating and updating. Any references to outside sources should not be construed as endorsements. Pixalate's opinions are just that, opinions, which means that they are neither facts nor guarantees. Pixalate is sharing this data not to impugn the standing or reputation of any entity, person or app, but, instead, to report findings and trends in the time period studied. Per the MRC, ''Fraud' is not intended to represent fraud as defined in various laws, statutes and ordinances or as conventionally used in U.S. Court or other legal proceedings, but rather a custom definition strictly for advertising measurement purposes. Also, per the MRC, ''Invalid Traffic' is defined generally as traffic that does not meet certain ad serving quality or completeness criteria, or otherwise does not represent legitimate ad traffic that should be included in measurement counts. Among the reasons why ad traffic may be deemed invalid is it is a result of non-human traffic (spiders, bots, etc.), or activity designed to produce fraudulent traffic.' CONTACT: Nina Talcott ntalcott@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
23-05-2025
- Business
- Finextra
RT1 and STEP2 participants across 14 countries to adopt EBA's VOP solution
EBA CLEARING announced today that over 55 RT1 and STEP2 Participants across 14 countries are preparing to adopt its Fraud Pattern and Anomaly Detection (FPAD) Verification of Payee (VOP) solution to deliver VOP checks in compliance with the Instant Payments Regulation (IPR). 1 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. These participants will connect hundreds of payment service providers (PSPs) across Europe, already representing more than 40% of the traffic in STEP2 and RT1. This strong uptake is positioning FPAD as the leading pan-European VOP solution and building up significant reach for VOP across Europe in preparation for the upcoming IPR deadline in October 2025. At the same time, a new release of the VOP functionality has been delivered in May 2025. With this release, EBA CLEARING has integrated the European Payments Council (EPC)'s Directory Service (EDS) into its VOP offering and aligned its VOP interface with the EPC application programming interface (API). To ensure maximum flexibility and choice for PSPs, the release has further enriched the solution with additional requesting and responding options. It has also extended the available connectivity options, including managed connectivity over SWIFTNet and SIANet. Developed with the support and input from fraud experts across EBA CLEARING's multinational user community, the VOP solution builds on FPAD's capabilities to offer flexible options for both sending and receiving VOP checks. FPAD VOP reach will be significant amongst STEP2 and RT1 users and complemented with the EPC VOP Scheme reach. This will allow PSPs to evolve their VOP strategies over time while ensuring pan-European reach from day one. By using FPAD for VOP, PSPs can meet compliance requirements, reduce user friction and strengthen their fraud risk management. Dr. Patrik Pohl, Managing Director, Head of Corporate Cash Management Germany at Deutsche Bank, said: 'FPAD VOP stands out by going beyond standard VOP checks. We will be able to enrich account checks with additional FPAD indicators, which offer deeper insights to help us prevent fraud and avoid unnecessary friction for our corporate customers. With distinct user needs driving the design and development of FPAD, EBA CLEARING has delivered a comprehensive set of VOP solutions that provides stronger results, greater security and an improved client experience.' Sophie Giorgi, Head of Payment System and Infrastructure Relationships at Crédit Agricole Payment Services, said: 'For us, FPAD VOP is the best solution for cross-border transactions and provides a reliable back-up. What is more, with FPAD, we are not only getting a scheme-compliant, IPR-compliant VOP solution, but also access to a fully-fledged fraud detection solution leveraging a pan-European network view.' Tanja Konrad, Head of Daily Banking Services at Erste Group, said: 'Thanks to the pan-European approach and coverage of FPAD VOP, we will be able to roll out a single VOP solution across our network of banks in Central and Eastern Europe. We look forward to combining the VOP check with other FPAD indicators to strengthen our risk controls, while also making the VOP experience as smooth as possible for our customers.' Erwin Kulk, Head of Service Development and Management at EBA CLEARING, said: 'FPAD VOP is real and ready. PSPs have ample time to introduce the mandatory VOP in all their channels. By providing options and choice, we will be servicing a diverse and large group of PSPs. This formula has proven its value in operating pan-European market infrastructures. The broad adoption that FPAD VOP is already seeing today demonstrates the importance of a not-for-profit, user-driven approach to solve infrastructure challenges in the SEPA ecosystem.' EBA CLEARING's FPAD functionality was developed in 2023 with the support of fraud experts from STEP2 and RT1 Participants across Europe, following the release of a blueprint and subsequent RT1 and STEP2 user consultation in Q4 2022. STEP2 and RT1 are pan-European retail payment systems processing SEPA Credit Transfers and Direct Debits (STEP2) and SEPA Instant Credit Transfers (RT1) respectively. Both systems are operated by EBA CLEARING, a European-owned, European-governed and European-overseen financial market infrastructure provider providing cost-effective solutions to the SEPA payments ecosystem.
