Sift’s Post

This year, our team at Sift teamed up with About Fraud Fraud to host the Risk Revenue Forum, a global series of in-person events bringing together top professionals from around the world to discuss emerging fraud trends and strategies. From LA to London, we discussed the role of AI in fraud detection, proactive security measures, the need for stronger regulations, and how digital businesses can grow securely. Check out the main takeaways from these sessions here: https://buff.ly/3W5ggSu

This year, our team at @Sift teamed up with @About Fraud to host the Risk Revenue Forum, a global series of in-person events bringing together top professionals from around the world to discuss emerging fraud trends and strategies. From LA to London, we discussed the role of AI in fraud detection, proactive security measures, the need for stronger regulations, and how digital businesses can grow securely. Check out the main takeaways from these sessions here: https://buff.ly/3W5ggSu 

Fraud remains a significant risk in our financial reporting and economic environment. Though the basics of fraud detection and prevention have not changed drastically over the years, they have evolved to address new threats and leverage technology. Learn more: https://okt.to/EbCipo #fraud #financialreporting #riskmanagement

SEON has released its Fraud Trends 2024 guide that reveals which rising fraud threats will be most prevalent throughout the year. The report surveyed 316 industry experts which combined with proprietary and independant fraud research uncovered that 87% of respondents believe that fraud will take an undoubted increase this year. SEON CEO and Co-Founder Tamas Kadar, commented: “The time for decisive action is now. Business leaders and fraud and risk management teams must combat the increasingly sophisticated and complex emerging threats we are now seeing at scale thanks to advanced technologies like AI and machine learning. https://lnkd.in/emtUT-Ee

“In a matter of seconds you could be blocking a transaction or you could be exposed” - Kenneth Leung of Rho ⏱️ In today’s fast-paced world, the demand for instant access to funds emphasizes the importance that every second counts, for both consumers and businesses. However, real-time payments pose a unique challenge for organizations attempting to separate valid transactions from potential fraud. This week we discussed leveraging Real-Time Monitoring to help Risk teams transition from fraud detection to prevention. 🛡️ Here are few takeaways: 1️⃣ Legacy systems often lack the agility to provide instant insights into transaction activities, making it challenging for organizations to detect and respond promptly to potential anomalies. 2️⃣ The delay in transaction visibility leaves organizations susceptible to fraudulent activities and also hampers their ability to address issues such as unauthorized access or account takeovers in real time. 3️⃣ As financial transactions occur at higher and higher speeds, the inability to keep up can result in delayed detection of irregularities, leading to not only financial losses but also damage to organizational reputation. So how are today's top Risk teams preventing fraud, instead of just detecting it? Watch the full discussion to learn more: https://hubs.li/Q029FhbQ0 💡 #realtimepayments #realtimemonitoring #fraudprevention #unit21

🔍 Ever wondered what it's like to be on the front lines of financial security? Join us for a #DayInTheLife of a Fraud Control Expert and dive deep into the world of safeguarding assets and trust! Each day brings new challenges as our experts engage in meticulous investigations, unraveling complex cases to protect our clients from fraudulent activities. They are the unsung heroes who scrutinize patterns within data, using cutting-edge analysis tools to identify discrepancies that could indicate foul play. But their work doesn’t stop at detection. These professionals are also architects of prevention, crafting robust policies that fortify defenses and ensure ongoing vigilance against potential threats. Their dedication is not just a career; it’s a course toward greater security in our financial systems. By staying ahead of sophisticated schemes, they preserve integrity in an ever-evolving digital landscape. Follow along as we showcase their critical role in maintaining transparency and accountability. Remember, when it comes to combating fraud, every detail matters. Join the conversation and share your thoughts using #fraudcontrol. Are you interested in carving out a career path in this dynamic field? Explore our comprehensive #course offerings to become a guardian against fraud today! 🛡️ Let’s applaud these guardians who ensure that trust is never compromised! 🛡️ Learn More: https://lnkd.in/gqj24Wp3

Tired of false positives slowing you down? False positives can waste valuable time and resources, hindering your ability to effectively combat real fraud. LexisNexis® FraudPoint™ UK utilises advanced machine learning to: ✅ Reduce false positives by identifying suspicious activity with greater accuracy. ✅ Streamline decision-making with real-time insights and risk scoring. ✅ Boost operational efficiency by focusing resources on genuine threats. Ready to take control of your fraud prevention strategy? Contact us today to schedule a free consultation and discover how LexisNexis® FraudPoint™ UK can help: 👉https://splr.io/6049YyHRJ #SeeWhatMatters #FraudPrevention #FraudDetection

🌐 DEFEND Webinar Recap 🌐 Mid-Year Review - Strategies Against Emerging Fraud Threats Curious about the latest strategies to combat fraud and what’s ahead? Here's a sneak peek into our recent webinar held on July 24, where industry experts shared valuable insights: 🎙️Speakers: - Kevin McWey, Chief Revenue Officer, DataVisor - Tanna Faulkner, SVP, Sales and Digital Channels, DCI - Maxim Spivakovsky, Sr. Director, Global Payments Risk Management, Galileo Financial Technologies - Michelle Prohaska, NCCO, NCRM, CRCM, Chief Risk & Compliance Officer, Nymbus 💡 Key Highlights: 1. First-Party Fraud Panelists explored innovative strategies to combat first-party fraud and improve security from onboarding to transaction monitoring: - advanced detection technologies - unified fraud prevention plans - collaborative efforts 2. Leveraging Consortium Data: Industry experts agreed the future of leveraging consortium data to streamline fraud detection and prevention in the financial sector is three-fold: - sharing critical information and digital signals - protection of private information - community collaboration 3. AI-Powered Fraud Attacks: Panelists shared their experiences in detecting and preventing AI-powered fraud attacks - education internally for employees and externally for improved customer awareness - combining advanced technologies with human oversight - leveraging AI and machine learning to get ahead of fraud with advanced pattern recognition and behavioral analysis across the customer journey. 📢 Missed the webinar? Watch the full recording here https://lnkd.in/eczffnuF to dive deeper into these topics. Stay tuned for more updates and join us in our fight against fraud! 💪 #FraudPrevention #DataSecurity #AI #WebinarRecap #DataVisor

⁉ Webinar Announcement: Insider Strategies for Fighting Fraud in 2024 🗺 Where: Virtual 🕘 When: Thursday, February 22nd, 2024 @ 2pm ET / 11am PT 🧔 For Who: Small and Medium Size Financial Institutions Description: 👨🏫 Spearheaded by Alexander Hall, who has pivoted from a career in fraud to one in fraud prevention, the session zeroes in on the critical vulnerabilities targeted by fraudsters. 📜 From initial account creation to the moment a transaction is made, Alexander provides strategic defenses against these exploitations, arming you with the knowledge to bolster your institution's fraud prevention measures. Takeaways: ✅ The latest trends in fraud method development and the use of personal and financial data for illegal activities. ✅ Insights into the fraudster's perspective on identifying and exploiting vulnerabilities within financial systems. ✅ Strategies for creating a robust defense at every customer interaction touchpoint, aligning them with known vulnerabilities.  Be Proactive, My Friends. ::Registration Link in First Comment:: ============================= FiVerity Dispute Defense Consulting, LLC. ============================= #fraud #fraudprevention #fraudinvestigations #Strategy #Techonology #Innovation #Banking #financialcrimes #financialinstitutions #accounttakeover #identitytheft #SyntheticIDFraud #Webinar #Podcast #ThoughtLeadership