Elevate your business with Trust Stamp’s Age Estimation, an AI solution designed to ensure regulatory compliance, enhance user experience, and unlock new market opportunities.
Category: Uncategorized
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Introducing Age Estimation from Trust Stamp
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Introducing Age Estimation from Trust Stamp
Elevate your business with Trust Stamp’s Age Estimation, an AI solution designed to ensure regulatory compliance, enhance user experience, and unlock new market opportunities.
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How to Prevent Call Center Fraud: Beyond KBA Methods
As fraud threats continue their evolution, threats faced by call centers, particularly within the financial sector, are seeing a significant shift. A recent TransUnion report unveiled that 60% of financial industry respondents now identify call centers as the initial point for most account takeover incidents, a notable increase from 24% in 2021. In contrast, fraud attacks originating from web and mobile channels, which previously stood at 32% each in 2021, have decreased to 10% each in 2022. This transition underscores the need for advanced security measures to safeguard customer interactions and prevent unauthorized account access.
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How to Prevent Call Center Fraud: Beyond KBA Methods
As fraud threats continue their evolution, threats faced by call centers, particularly within the financial sector, are seeing a significant shift. A recent TransUnion report unveiled that 60% of financial industry respondents now identify call centers as the initial point for most account takeover incidents, a notable increase from 24% in 2021. In contrast, fraud attacks originating from web and mobile channels, which previously stood at 32% each in 2021, have decreased to 10% each in 2022. This transition underscores the need for advanced security measures to safeguard customer interactions and prevent unauthorized account access.
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Safeguarding Online Insurance From Account Abuse & Fraud
Safeguarding Online Insurance From Account Abuse & Fraud: A Multi-Layered Approach
The increasing popularity of online insurance platforms, selling policies such as life, home, and car insurance, has revolutionized the insurance industry, making it more accessible and convenient for customers to purchase new policies and amend existing ones. However, this digital transformation has also attracted the attention of cybercriminals who deploy automated bots to test credentials, take over accounts, and commit fraud.
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Safeguarding Online Insurance From Account Abuse & Fraud
Safeguarding Online Insurance From Account Abuse & Fraud: A Multi-Layered Approach
The increasing popularity of online insurance platforms, selling policies such as life, home, and car insurance, has revolutionized the insurance industry, making it more accessible and convenient for customers to purchase new policies and amend existing ones. However, this digital transformation has also attracted the attention of cybercriminals who deploy automated bots to test credentials, take over accounts, and commit fraud.
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What is Selfie Identity Verification?
Identity verification methods have evolved significantly over the years. Advancements have been made to enhance security, from simple password-based systems to two-factor authentication. However, despite these advancements, they still have limitations. Passwords can be easily forgotten or stolen, while knowledge-based questions can be guessed or socially engineered.
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What is Selfie Identity Verification?
Identity verification methods have evolved significantly over the years. Advancements have been made to enhance security, from simple password-based systems to two-factor authentication. However, despite these advancements, they still have limitations. Passwords can be easily forgotten or stolen, while knowledge-based questions can be guessed or socially engineered.
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Do Social Media Companies Care About Catfishing?
When we think of elder abuse, we often think of caregivers physically abusing patients in their care. However, elder abuse includes other forms of exploitation as well. Financial exploitation of elderly people seems to be among the fastest-growing fraud types. While I have been engaged with AARP and other organizations that raise awareness of elder abuse, I don’t think I fully realized the extent of it until I recently browsed my mother’s Facebook page.
I don’t spend much time on Facebook, but I was appalled by what I recently discovered. Not just because of the rampant catfishing but also because of the seeming indifference of Facebook to this specific challenge. While Facebook does offer Threat Exchange for free to all platforms, facilitating cross-platform sharing and taking down over 1 Billion fake accounts per quarter, this has not stopped Meta properties from facilitating over 70% of fraud for some very large banks.
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Do Social Media Companies Care About Catfishing?
When we think of elder abuse, we often think of caregivers physically abusing patients in their care. However, elder abuse includes other forms of exploitation as well. Financial exploitation of elderly people seems to be among the fastest-growing fraud types. While I have been engaged with AARP and other organizations that raise awareness of elder abuse, I don’t think I fully realized the extent of it until I recently browsed my mother’s Facebook page.
I don’t spend much time on Facebook, but I was appalled by what I recently discovered. Not just because of the rampant catfishing but also because of the seeming indifference of Facebook to this specific challenge. While Facebook does offer Threat Exchange for free to all platforms, facilitating cross-platform sharing and taking down over 1 Billion fake accounts per quarter, this has not stopped Meta properties from facilitating over 70% of fraud for some very large banks.