fraud
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in Sundae ScoopInfobip recognized by Juniper Research as an Established Leader in Mobile Messaging Fraud Prevention Market
Global cloud communications platform Infobip has been ranked as the number one Established Leader in the Mobile Messaging Fraud Prevention Market by analyst firm Juniper Research. Infobip was rated highest among 21 vendors based on capacity, capabilities, product offering and market positioning, according to Juniper Research. The company achieved the top score in 10 out […] More
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in Sundae ScoopMastercard introduces first-ever threat intelligence solution to combat payment fraud at scale
Today, Mastercard announced the launch of Mastercard Threat Intelligence, the first threat intelligence offering applied to payments at scale. The solution combines Mastercard’s global fraud insights with cyber threat intelligence from Recorded Future, empowering financial institutions across Asia-Pacific (APAC) to detect, prevent and respond to cyber-enabled fraud with greater speed and accuracy. More
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in Sundae ScoopSumsub Q1 Data Reveals Synthetic Identity Document Fraud Surges Nearly Threefold Since Last Year In The Philippines
New internal data from Sumsub, a global verification provider, reveals that the Philippines is facing a significant shift in fraud tactics as AI-powered synthetic identity document fraud overtakes traditional methods such as document forgery and biometric spoofing. The country saw a 291% year-on-year increase in synthetic identity document fraud, well above the APAC average of […] More
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in Sundae ScoopCICC, GCash sign agreement to ramp up fight against fraud
Further cementing its long-standing commitment to provide Filipinos secure and safe digital financial services, the Cybercrime Investigation and Coordination Center (CICC) has signed an agreement with the country’s number one finance app, GCash, to intensify its campaign against online fraud and scams. More
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in Sundae ScoopUnionBank improves fraud detection rate, turnaround time with AI
Union Bank of the Philippines (UnionBank) recently conducted a study to test a new method that uses artificial intelligence (AI) and graph analytics to detect fraudulent transactions more efficiently, leveraging the Bank’s capabilities to better safeguard its customers. More
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in Sundae ScoopGlobe, UnionBank ink alliance on info sharing to fight online banking fraud
Leading Philippine digital technology companies Globe and UnionBank recently inked an agreement to provide mutual support on investigations involving online banking fraud. More
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in TechdayHoliday Fraud Coming from the Philippines During Pandemic Falls
Global information and insights provider TransUnion (NYSE: TRU) is urging businesses to remain vigilant against digital fraud as it released its latest findings about online retail trends surrounding the 2020 holiday shopping season. The research shows a 33.41% decrease in suspected online retail fraud[i] coming from the Philippines during the start of the 2020 holiday […] More
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in Sundae ScoopBDO to online bankers: “Never share your OTPs!”
BDO Unibank, Inc. warns against scammers who are taking advantage of the enhanced community quarantine to trick people into giving their personal information, such as usernames, passwords, account numbers, and One-Time PINs (OTPs). Using this information, scammers take their victims’ identities, access their online bank accounts, and steal their hard-earned money. More
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in Sundae ScoopBDO warns clients of fraud amidst COVID-19
People all over the world are eagerly searching the internet to learn more about COVID-19. However, as medical experts are still learning about it themselves, there is a shortage of trustworthy information online. More