background preloader


Facebook Twitter

Find out SEON's webinars! How to Choose the Right Fraud Prevention Tool for your Business? The fraud-detection market is set to reach $41 Billion by 2022.

How to Choose the Right Fraud Prevention Tool for your Business?

This lets us know two things. One, businesses are willing to spend increasing amounts to reduce their fraud losses. Two, we will surely see an explosion in the number of fraud prevention tools in the oncoming years. So how do you pick a fraud prevention tool that is efficient, future-proof and the right fit for your business? Just begin by asking the following 5 questions before choosing it. The Complete Guide to RiskOps (Risk Operations) RiskOps, or Risk Operations, is just as important a field as it is misunderstood.

The Complete Guide to RiskOps (Risk Operations)

Let’s clear things up here. At some point, every successful company has to analyse, understand, and deal with risk. Account Takeover Attacks - What you need to know to stop them. An account takeover, or ATO also goes by another definition: account compromise.

Account Takeover Attacks - What you need to know to stop them

The names are self-explanatory. They simply define the action when someone manages to log into an account which isn’t theirs. 5 Fraud Trends for 2021 - What to Expect and Fight Next Year. Our yearly tradition sees us gather 5 fraud trends that businesses should look out for in 2021.

5 Fraud Trends for 2021 - What to Expect and Fight Next Year

As you already know, 2020 won’t go down in history as one of the most cheerful years… And while we’re all happy to get a clean start in 2021, it certainly doesn’t mean we should lower our guard anytime soon – especially when it comes to fraud. So once again, we’ve highlighted five fraud trends for 2021 that we believe every business should be on the lookout for.

(And as a quick reminder, here are the five fraud trends we’ve predicted correctly in 2019, 2018, and 2017). #1 The Rise of CrimeOps and FaaS (Fraud As A Service) The Biggest Fraud Scandals of 2020. 2020 will primarily be remembered for all the changes that the COVID-19 pandemic brought in our lives.

The Biggest Fraud Scandals of 2020

But it was also the year of a few high profile fraud cases that are noteworthy. In our view, these events are interesting not just in themselves, but also because they reveal issues that might be deeper and systemic, thus potentially affecting many more people and industries. In other words: they reveal patterns of risk, for which we must be prepared for, and the first step is reading and understanding these stories.

So in the same way as last year, we have decided to collect some of the fraud cases that made the news to illustrate what we think is happening around us in terms of fraud – from the viewpoint of a fraud fighting company. 1. Fraud Prevention During a Pandemic - SEON Sector Report. The year 2020 will undoubtedly be remembered for a long time.

Fraud Prevention During a Pandemic - SEON Sector Report

The threat posed by the COVID-19 pandemic and associated government responses were life-changing for both consumers and businesses globally. How Did Businesses Weather The Storm? During the initial outbreak and associated lockdowns, we could see the landscape shift around us by gross transaction numbers. Life was quick to adapt to the new circumstances: consumer spending shifted from one sector to another, or asrisk increased where there were opportunities to exploit,Difficult circumstances pushed people into situations where fraud and abuse seemed like a lucrative option. Our view as a risk management platform provider however is abstract, and we were curious to know how these shifts were perceived by some of our customers.

Asking The Risk Management Teams Directly. Affiliate Fraud Detection - What is It and What Tools Work? Affiliate fraud is a growing concern for online marketers.

Affiliate Fraud Detection - What is It and What Tools Work?

Here’s how it works, and a primer on choosing the right prevention tools. According to Juniper’s Future Digital Advertising: Artificial Intelligence & Advertising Fraud 2019-2023, advertisers’ total loss to fraud will rise to $100 billion by 2023. And most of it is to blame on affiliate fraud. The thing is: affiliate marketing is more important than ever for modern online businesses.

We live in the age of comparison websites, Youtube influencers, and heightened customer expectations for sourcing engaging content. Put simply, if your inbound strategy only relies on ads and organic content, you’ll be missing out on a great marketing opportunity. Payment Fraud Prevention For Your Business - Your Step-By-Step Guide. How to Reduce Customer Acquisition Risk.

User acquisition fraud is damaging the marketing campaigns’ success rates.

How to Reduce Customer Acquisition Risk

Here’s how to reduce customer acquisition risk today. Affiliate marketing, or performance-based marketing, was once seen as the sale technique of snake oil salesman and pyramid schemers. It’s also the key tool of iGaming marketers, who are not otherwise allowed on ad networks for customer acquisition. But these days, affiliate marketing is increasingly legitimized by media publishers, the influencer culture, and price comparison websites.

Even fintechs and challenger banks rely on the model to gain traction quickly. In fact, according to Forrester research, affiliate marketing spend has been growing at a CAGR of 10.1%, reaching $6,8M in 2020. Reverse Email Lookup - Reducing Fraud Thanks to a Single Email Address. Opening an account online these days is virtually impossible without an email address.

Reverse Email Lookup - Reducing Fraud Thanks to a Single Email Address

In fact, your email address is the closest thing to an online passport or identifier. This means two things: one, email addresses are valuable for everyone, and especially fraudsters. Two, there is a data footprint attached to every email address. And by using the right tool, it’s possible to extract, collect, and analyze that data. That tool has many names: email profiling, reverse email lookup, backward email search, or email checker. Chargeback Disputes? This guide will help you win more of them! From the eBook you will learn about the most common reasons why chargebacks occur, the different types of friendly fraud that may be affecting your business, how to build an effective dispute case (with a template that you can use!)

Chargeback Disputes? This guide will help you win more of them!

, as well as examples of successful disputes. Whether we like it or not, in the world of online transactions we have to face chargeback disputes sooner or later. Better Transaction Fraud Detection in 5 Easy Steps. Transaction fraud is inevitable, but what does it look like in practice for online businesses, and how can you improve detection? You might have heard of transaction risk scoring, and technical terms such as IP analysis. But for many businesses, the first step in reducing fraud is understanding what it looks like. In this post, we’ll go over some concrete examples of transaction fraud detection methods you can use, and how they work together to help your online operations. How to Know if You Need Transaction Fraud Detection. Not if, when: deepfakes are coming for identity spoofing. Not a month seems to pass without a viral sensation around the development of deepfake technology. The latest bit of news was of course the creators of South Park launching a new web series based entirely on the technology.

At a first glance, deepfakes are obviously getting better and more convincing, but as they mentioned it was probably the most expensive short they ever created, so it seems that it’s application is still prohibitively expensive for most users – and fraudsters. SEON Products Overview - Intelligence Tool and Sense Platform. Anti Fraud System Integration: It Can Be Fast and Affordable. Key obstacles for businesses in need of fraud management are the integration time and costs. Let’s demystify the process.

In early 2010, an unknown startup with a strange name began making waves in Silicon Valley. Its goal was simple: to allow anyone to accept card payments. Here is what an early adopter had to say about it on the Y Combinator forum: Identity Proofing: More Important Than Ever For Online Businesses - SEON. Have you ever wondered what kind of scams hide behind these “make money from home” adverts? Here’s an interesting one, ran by a site called Stratsol, or Strategic Sporting Solutions. After receiving a referral link, you’ll be prompted to sign up to their service. It’s an exclusive club, which requires you to submit a few documents.

Once all your ID details have been submitted, you’ll receive your free £100. Virtual SIM Card Detection: Can You trust 2FA and OTP? Return Fraud and Ecommerce - How to Spot and Prevent It. Don’t Let a Poker Bot Farm Damage Your iGaming Platform. IP Address Geolocation Service for iGaming - What You Need. Finding The Best Risk Management Tools for Transaction Fraud. Online Payment Methods - Which Have a High Fraud Risk? Device Spoofing is Becoming More Advanced - Here's How Fraudsters Do It. AML Solutions From Your Fraud Prevention Engine: Here's How It Works. Financial institutions must ensure they don’t accidentally help criminals. But which anti money laundering, or AML solutions should they use? The last thing you want to do, as a business, is accidentally support money laundering. The funds may come from organized crime, prostitution rings, human trafficking, or terrorism. And ethics aside, you could land your entire organization into hot waters due to crippling AML, or anti money laundering fines.

But what do we call anti money laundering exactly? The Basics of Money Laundering Criminals who acquire money through illegal means want to ensure the funds cannot be traced back to them. There are three steps involved in money laundering: Placement: where the dirty money is placed into the legitimate financial system Layering: where the money is concealed through transactions and bookkeeping tricks Integration: the money is now laundered, and withdrawn from a legitimate account by criminals.

SEON's Complete Guide to Online Business Fraud Prevention. Fraud Tools to Prevent Chargebacks - How Do They Work? Let’s examine how fraud detection platforms can act as anti-chargeback tools. We all know the online world is riddled with scammers. They maliciously sell the wrong items and services, or never deliver them at all. Similarly, credit card numbers are stolen all the time. And chargebacks are the best way for customers to reclaim the funds someone spent without their knowledge. Which is why, at their core, chargebacks are indeed great at protecting customers.

The problem is that chargebacks are a complex, and costly process. So in this post, we’ll see how anti fraud tools can help prevent and avoid them in the first place. Why Chargebacks Are So Expensive Each chargeback request involves quite a number of players. Coordinating all these players requires a tremendous amount of administration. But that’s not all. And to make matters worse, card companies like Visa and Mastercard are imposing stricter guidelines on the amount of chargebacks businesses can be subjected to.

Affiliate Fraud in iGaming - How to Stop It Right Now. Here's Why Modular Fraud Prevention Services Win. Email Risk Assessment - The Latest Solution to Stop Fraud. 5 Examples of How to Leverage Smart Fraud Prevention Tools. Do You Need a Customer Risk Assessment Tool? Browser Spoofing - How do Fraudsters Hide Their Browser Info? Account Takeover Fraud - What is It and How to Stop It? Fighting Fraud with IP Analysis - The Complete Guide. Fighting Fraud with IP Analysis - The Complete Guide. Fraud Prevention for Esport Gaming: How to Do it Right. Deploying a Better KYC Procedure that Also Reduces Fraud.