Among the numerous tactics fraudsters employ, emulators and injection attacks have emerged as significant threats to the integrity of digital ecosystems. Both of these techniques allow fraudsters to bypass traditional detection systems, making them a serious concern for enterprise fraud professionals. This article delves into what emulators and injection attacks are, how they operate, and
Introduction: The growing threat of e-commerce fraud Over the last few years, e-commerce has become an indispensable part of global retail, reshaping the way businesses and consumers interact. Like many other industries, buying and selling goods has undergone a substantial transformation following the advent of the Internet, evolving from physical stores to digital storefronts accessible
As artificial intelligence (AI) continues to transform industries worldwide, businesses face increasing regulatory scrutiny. In Veriff’s latest webinar, industry experts Chris Hooper (Director of Brand, Veriff), Tea Park (Attorney at Law, NJORD Law Firm), and Jeremy Joly (Co-founder and CPO of Spektr) discussed the evolving compliance landscape, focusing on the EU AI Act and its global implications. This article summarizes
When it comes to verifying identities and ensuring compliance with regulatory requirements, businesses often choose between two methods—Know Your Customer (KYC) and Knowledge-Based Authentication (KBA). KYC is a set of KYC procedures used to verify the identity of individuals, commonly through tools like biometric screening, government-issued ID checks, and liveness detection. For example, a financial
Artificial intelligence (AI) is transforming the payments and financial services industry, offering innovative solutions to longstanding challenges. According to a 2024 survey of senior payment professionals, AI’s most prominent use cases include fraud detection and prevention (85%), transaction monitoring and compliance management (55%), and personalized customer experiences (54%). Fraud detection, in particular, has emerged as a
Understanding employment verification Employment verification and employment verification checks are crucial steps in the hiring process that confirm a candidate’s previous work history and ensure they have the skills and experience for the role. This process involves verifying employment dates, job titles, and job duties to confirm the accuracy of the information provided by the
Introduction Fraudsters are constantly evolving their tactics, and the rise of emulator and injection attacks has brought a new dimension to bank card fraud. These attacks leverage sophisticated methods to exploit vulnerabilities in digital banking systems, creating significant risks for both businesses and consumers. In this blog, we’ll explore what emulator and injection attacks are, how they are used
Introduction Tax rebate scams are a sophisticated form of fraud in which scammers impersonate tax authorities to deceive individuals into sharing sensitive information or making payments under false pretenses. With the increasing use of AI, fraudsters can now create highly convincing phishing emails, text messages, and even phone calls, making these scams more difficult to
Introduction The Buy Now, Pay Later (BNPL) trend is on a remarkable growth trajectory in the United Kingdom, with transaction values projected to exceed $60 billion by 2029. This growth highlights the increasing adoption of flexible payment solutions across the UK, cementing its position as a key player in the European payments landscape. However, while the transaction
In the fast-paced world of fintech, startups and SMBs often face the challenge of balancing regulatory compliance with offering a seamless customer experience. Know Your Customer (KYC) processes are essential for meeting regulatory demands, such as AML regulations, and avoiding massive risks like fraud, illegal activities, and money laundering and terrorist financing. However, for startups with limited resources, the
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