ClickCease

U.S. News & World Report Features Recent Prove Report on Online Shopping & AI-Based Fraud

U.S. News & World Report recently published a comprehensive blueprint for stopping digital shopping scams for this holiday season. Their 14 specific recommendations rely heavily on insights and advice from a recent report released by Prove.

The report is based on two surveys commissioned by Prove which were conducted by market research company Dynata in October 2023. The results are presented in this enlightening report which demonstrates the specific reasons that consumers are cautious this holiday season. Specifically, the report shows that:

  • 81% of consumers saying they are worried about fraud while shopping online this holiday season, and  
  • 84% of consumers are concerned about AI-based fraud attacks this holiday season. 


How are fraudsters perpetrating this fraud? They’re using a variety of tried-and-true methods, but with the addition of AI, it’s making these harder to detect.

Read the full article from U.S. News & World Report to learn more.

Tags:
fraud
Tags:
AI

Keep reading

See all blogs
Read the article: Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition
Company News
Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition

New solution delivers measurable ROI by replacing SMS OTPs and mitigating SIM swap fraud – cutting costs, reducing abandonment, and enabling seamless customer experiences across channels.

Company News
Read the article: A Watershed Moment for Digital Banking: FDIC's New Stance on Pre-Filled Data Paves the Way for a Safer, Faster Future
Blog
A Watershed Moment for Digital Banking: FDIC's New Stance on Pre-Filled Data Paves the Way for a Safer, Faster Future

In this blog, we detail how the FDIC's new guidance, influenced by Prove's advocacy, allows banks to use pre-filled customer data for CIP. This change, empowering solutions like Prove Pre-fill®, significantly reduces friction, enhances security, and improves financial inclusion in digital banking by streamlining account opening and combating fraud.

Blog
Read the article: The Anatomy of a Systemic Failure: The U.S. Banking System as a Conduit for Transnational Crime
Blog
The Anatomy of a Systemic Failure: The U.S. Banking System as a Conduit for Transnational Crime

The U.S. banking system is a conduit for transnational crime, with systemic failures in identity verification and a lack of oversight, enabling fraud and money laundering. Read Prove’s call to action for the financial industry.

Blog