Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on FraudToday | New Fraud on the Block Causes Bank Losses to Rise
Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on FraudToday about the concerning increase in account opening fraud.
.png)
I recently spoke with Suparna Goswami of FraudToday about the concerning increase in account opening fraud. Read the full story here to learn why this fraud vector has increased a staggering 109% in the last year alone and what banks can do to protect their bottom line moving forward.
Read the full story here.
To learn about Prove’s identity solutions and how to accelerate revenue while mitigating fraud, schedule a demo today.
The modern
way of proving identity
Trusted by 2500+ leading companies to reduce fraud and improve consumer
Mary Ann Miller is the Fraud & Cybercrime Executive Advisor and VP of Client Experience at Prove. Mary Ann is a well-respected expert in the fraud and identity space who has been quoted by Sky News, TechCrunch, American Banker, USA Today, and others. Mary Ann was most recently Head of Fraud Strategy at Varo Bank, where she led the fraud strategy process for transitioning the fintech to a nationally chartered challenger bank. Prior to that, Mary Ann's held directorships and executive roles at well-known organizations such as USAA, PayPal, Lloyd's Banking Group, and other technology firms. She has also served on the US Federal Reserve Secure Payments Task Force and is a current member of the Federal Reserve’s Scams Definition and Classification Work Group.
Keep reading
Read the article: The Silent Drain: How SMS Pumping Is Bleeding Digital Marketplaces DrySMS pumping fraud is silently increasing verification costs for digital marketplaces by exploiting OTP workflows. Explore how these attacks operate, why traditional SMS authentication is failing, and how proactive phone intelligence can prevent fraud before an SMS is sent.
Read the article: Prove and Baselayer Partner to Bring Real-Time Business Verification to ProveXProve and Baselayer simplify business verification by combining trusted identity, real-time KYB intelligence, and seamless onboarding into a single workflow without requiring additional verification steps.
Read the article: Account Takeovers: The Silent Revenue Killer in Digital MarketplacesWhat is account takeover fraud, and why are marketplaces increasingly vulnerable? Discover the financial impact of ATO attacks on gig platforms, including chargebacks, refund abuse, customer attrition, and the identity-driven strategies leading companies use to prevent fraud.
Trusted by 2000+ leading companies to reduce fraud and improve consumer experiences, Prove is the world’s most accurate identity verification and authentication platform.
