Introduction In today’s digital age, businesses face an ever-growing threat of fraud. Artificial intelligence (AI) fraud detection systems can significantly enhance security and efficiency while addressing regulatory compliance and technical hurdles. This article delves into the various strategies and technologies that can help organizations stay ahead of fraudsters. Fraud is a threat, regardless of scale.
A 2023 survey of adults in the United States found that women were more likely than men to strongly support the implementation of age verification mechanisms for online content. Meanwhile, six percent of surveyed men said they would strongly oppose the implementation of such tools, compared to two percent of women who stated the same. In
As artificial intelligence (AI) continues to shape various sectors, the UK is uniquely positioned. The nation’s AI sector is thriving (according to the UK´s AI sector study), with rapid healthcare, transport, and economic productivity advancements. Yet, the regulatory landscape around AI remains relatively light. While the UK government acknowledges the need to oversee AI’s growth and potential
Throughout 2024, over 60 countries—representing nearly half of the global population— will hold national elections. This pivotal year not only marks a significant electoral moment, but also highlights the growing influence of AI in shaping political narratives. AI-generated content, particularly deepfakes, has become a powerful tool, capable of blurring the lines between satire, parody, and
According to a recent Nationwide survey, small-medium-sized (SMB) business owners in the US are becoming increasingly concerned about the potential for cyberattacks to disrupt their operations. Identity fraud is a pervasive issue that impacts individuals and businesses of all sizes. Small and medium-sized businesses face unique challenges that make them particularly vulnerable to small business fraud.
Veriff, a global identity verification and authentication platform, has released a new feature for its Self-Serve product, used by startups and SMBs. FaceBlock provides an additional layer of security to catch suspected repeat fraudsters who attempt to bypass security measures. FaceBlock as a fraud prevention tool Smaller businesses often struggle with limited resources to combat
California’s data privacy laws, particularly the California Consumer Privacy Act (CCPA) and its amendment, the California Privacy Rights Act (CPRA), are transforming how businesses, including in the financial services sector, handle personal data. Financial services (FinServ) firms must be prepared to comply with these regulations, as they manage sensitive consumer data such as account information, credit histories, transaction
Veriff, a leading identity verification and authentication platform, is proud to be named a Category Leader by Chartis in its RiskTech Quadrant for Enterprise Fraud Solutions, and Best in Class Capabilities: Application Fraud and Identity Risk, in RiskTech Quadrant for Enterprise Fraud Solutions for 2024. According to Chartis, IDV and other identity-related risk management tools
Throughout American history, instances of election fraud have been well-documented by historians and journalists. One of the most infamous examples is Tammany Hall, a political organization in 19th-century New York City, led by figures like Boss Tweed. From the intimidation of voters to the misuse of proxy voting, vote buying, misleading ballot papers, ballot stuffing, vote
This blog contains the key findings of our new survey of consumers in the US and the UK, the latest of our bi-annual rolling reports. We interviewed 1,001 consumers aged 16+ across the two nations in August 2024, breaking our results down by geography, gender and age demographics. The aim is to truly understand the end
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