Prove Fraud & Cybercrime Executive Advisor Mary Ann Miller on Business Insider | It's becoming increasingly clear that fintech has a fraud problem
I recently spoke with Bianca Chan of Business Insider about fintech’s growing fraud problem. This is a topic that continues to rear its ugly head and Chan’s article delves into a recent report alleging widespread fraud on Cash App but also analyzes the fintech industry’s overall fraud problem. As I mention in the article, start-ups have an impetus to grow at breakneck speeds in order to appease investors. Unfortunately, some companies can achieve this growth by cutting corners when it comes to fraud prevention.
Read the full story here.
Keep reading
Read the article: Anatomy of an Account Takeover Attack: Analysis and Response PlanLearn practical strategies for handling identity verification API errors or no-match responses. Explore fallback methods and clear communication tactics to ensure a smooth, user-friendly experience.
Read the article: Prove Global Fraud Policy℠: A New, Adaptive Standard for Digital IdentityIntroducing the Global Fraud Policy (GFP), Prove’s new unified, adaptive fraud-defense engine that replaces fragmented, custom rules with a single, comprehensive policy that automatically updates as new threats emerge. This forward-looking framework helps businesses anticipate and respond to evolving threats like GenAI deepfakes, synthetic identities, and eSIM bots, protecting customers at scale.
.png)
Read the article: Passkey Syncing Fraud: The New Attack Vector Everyone Saw ComingPasskey syncing, a feature meant for convenience, has created a new security threat by allowing attackers to compromise cloud accounts and download victims' passkeys. Learn how this fraud happens and the steps consumers and businesses can take to protect high-risk accounts.
