Fraudsters are constantly changing their strategies. Here’s how to stay one step ahead.
Fraud isn’t just a threat to the bottom line—it’s a threat to your brand. Our holistic, multi-layered approach uses AI and machine learning to help you balance effective fraud prevention, a seamless customer experience and operational efficiency.
The use of stolen login credentials to gain control of an account and commit fraud unauthorised and/or fraudulent activities.
A cardholder’s fraudulent claim that a purchase was unauthorised, or the item did not arrive. The customer is reimbursed but keeps the item.
The purchase of goods with a stolen credit card and sale of those goods in unauthorised markets or geographies, or at a discount.
When a fraudster with a stolen or enumerated credit card number either attempts to load the card to a customer’s account with merchants or makes a small purchase to check if the card is active and to see if the purchase avoids the merchant’s fraud detection measures.
Either a fraudster steals a good accountholders rewards, or an accountholder abuses or exploits a company’s rewards programme for fraudulent purposes.
The practise of using stolen payment details to buy goods, and then either contacting the shipping company to redirect delivery to a new address or paying people (known as mules or freight forwarders) to receive the goods and reship them to a different location for resale.
Fraudsters use stolen or synthetic identities to open a new account for the purpose of unauthorised and/or fraudulent activity.
The process of purchasing merchandise online using stolen credentials, and then going to a physical store to receive a refund or a gift card.