Internal theft and fraud extend beyond cash alone. A newer form of fraud is when employees scan their phone onto a customer's order to receive loyalty points from the app. When this occurs, customers won't receive their points as the points go to the employee's account instead. Learn more about how we can help detect loyalty fraud: https://lnkd.in/eFniwwDE
Pembroke & Co.’s Post
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Why does everyone talk about friendly fraud and not true fraud? Because it’s much harder to prevent. Just so we’re clear: Friendly fraud = a customer (cardholder) made a purchase and is now disputing it. True fraud = a transaction made using stolen card information. True fraud can be easily prevented with the right measures and a bit of machine learning. On the other hand, friendly fraud is difficult to prevent and requires a lot more effort to handle. That’s where our platform comes in handy, as we handle it from start to finish for our merchants. If you want the same for yours, DM me and let’s chat. We offer white-label options with lightning-fast integration (which means you can offer our services under your own name and brand in just a few days).
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To address the reactive fraud challenge in the financial and retail industries, SpyCloud has released a new Compromised Credit Card API – allowing credit card, debit card, gift card, and loyalty card issuers to automatically monitor and detect exposed card numbers. With these insights in hand, security, application, and fraud teams can shift their focus to pre-fraud activity and more quickly remediate compromised cards before any fraud or financial crime can happen. Not only do these insights help with preventing #fraud, but they also reduce the burden on teams from post-transaction fraud, reducing monetary losses to the business, and upholding consumer trust in your brand. Read more about this new tool in our recent blog https://bit.ly/3RIcGfC.
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Helping enterprises protect their employees and environments from account takeover, ransomware, and malware by leveraging the power of SpyCloud's product portfolio.
Check out our latest blog to learn more about how our new Compromised Credit Card API can help financial institutions and retailers who issue cards combat fraud with robust recaptured data.
To address the reactive fraud challenge in the financial and retail industries, SpyCloud has released a new Compromised Credit Card API – allowing credit card, debit card, gift card, and loyalty card issuers to automatically monitor and detect exposed card numbers. With these insights in hand, security, application, and fraud teams can shift their focus to pre-fraud activity and more quickly remediate compromised cards before any fraud or financial crime can happen. Not only do these insights help with preventing #fraud, but they also reduce the burden on teams from post-transaction fraud, reducing monetary losses to the business, and upholding consumer trust in your brand. Read more about this new tool in our recent blog https://bit.ly/3RIcGfC.
Fraud Prevention w/Compromised CC Data
spycloud.com
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Check out our latest blog to learn more about how our new Compromised Credit Card API can help financial institutions and retailers who issue cards combat fraud with robust recaptured data.
To address the reactive fraud challenge in the financial and retail industries, SpyCloud has released a new Compromised Credit Card API – allowing credit card, debit card, gift card, and loyalty card issuers to automatically monitor and detect exposed card numbers. With these insights in hand, security, application, and fraud teams can shift their focus to pre-fraud activity and more quickly remediate compromised cards before any fraud or financial crime can happen. Not only do these insights help with preventing #fraud, but they also reduce the burden on teams from post-transaction fraud, reducing monetary losses to the business, and upholding consumer trust in your brand. Read more about this new tool in our recent blog https://bit.ly/3RIcGfC.
Fraud Prevention w/Compromised CC Data
spycloud.com
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Senior Exec with extensive experience in the areas of key account management, operations and business development.
Fraudsters are committing increasingly sophisticated scams involving multiple channels. But the phone is often seen as the tipping point, since consumers feel reassured by a human (or deep faked) voice to click on a text or email link or share a one-time passcode. Read the Forbes Tech Council article for insights from TransUnion SVP, James Garvert, on how secure branded calling can help combat scams and fraud. https://lnkd.in/ekjZ6ei6
Council Post: Fraudsters Lure Consumers With Highly Personal Nature Of Phone Calls
forbes.com
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🔁 Tip of the day: Verify subscriptions that are reactivated. Shoppers love the convenience that subscription businesses offer, and businesses need to preserve that experience with effective #fraudprevention. In 2023, 60% of subscription businesses noticed an increase in online payment fraud, while 56% noticed new types of threats emerge that were specific to their business model. One vulnerability to close the gap is ensuring your fraud solution screens recurring orders so reactivated subscriptions aren’t automatically shipped without proper verification. Unbeknownst to your customers, fraudsters will take over accounts to reactivate canceled subscriptions. https://hubs.la/Q02qF97k0 #FraudPreventionMonth #subscriptionfraud
The Top 3 Subscription Fraud Trends - NoFraud
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Did you know there are 90 days until our APP fraud reimbursement requirements come into force? 🗓 👉 From 7 October, there will be new consumer protections in place, ensuring that more APP fraud victims than ever before get their money back. 👉 Our requirements incentivise all UK payment firms to prevent fraud from arising in the first place. Find out more about our work to tackle APP fraud, what the new protections will mean, and explore key resources in the lead up to 7 October: https://lnkd.in/dy-ckff
APP scams
psr.org.uk
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For proactive, practical steps that can be taken by firms as the deadline approaches take a look at our blog below. https://lnkd.in/eWwkftDA
Did you know there are 90 days until our APP fraud reimbursement requirements come into force? 🗓 👉 From 7 October, there will be new consumer protections in place, ensuring that more APP fraud victims than ever before get their money back. 👉 Our requirements incentivise all UK payment firms to prevent fraud from arising in the first place. Find out more about our work to tackle APP fraud, what the new protections will mean, and explore key resources in the lead up to 7 October: https://lnkd.in/dy-ckff
APP scams
psr.org.uk
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A must join webinar for all #payments experts.
We have to outsmart APP scams as fraud continue to hurt consumers in the UK and across Europe. Let's learn from unique insights gathered across more than 2000 UK consumers about their expectations and experiences. Join Marc Corbalan and Ramez Hanafi webinar to find out and unlock actionable insights to shape your fraud prevention strategies. Register for our webinar: https://lnkd.in/eQHvUCjk #fraudprevention #APPscams
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