Prove Blog

In a recent Fintech Nexus webinar, Prove’s SVP of Product, Pamela Novoa Ralli explored the best framework for trusted customer onboarding process in the financial services sector.

While the quest for love is truly one of the rich experiences of life, it has also become a prime channel for exploitation by fraudsters in the form of romance scams.

The prevalence of scammers and fraud-related challenges have put the security and trust of dating app users at risk.

The rise of deepfake attacks has caused alarm across various industries, particularly in biometrics, as criminals increasingly exploit AI technology to perpetrate fraud.

The sophistication of fraudsters has reached unprecedented levels, posing a significant challenge to the online gaming industry.

A look at why venturing into the US can be an advantageous part of a growth strategy for companies based in the EU

Companies must deliver an outstanding customer experience that results in satisfied users but it must simultaneously mitigate their exposure to risk by minimizing the potential for fraud.

In 2022, 1.1 million incidents of identity theft were reported through the Federal Trade Commission, resulting in $8.8 billion lost to fraud. Not only does this cost individuals and businesses money, but it also decreases trust between people and the companies they interact with.

You can fortify them against attacks by making them stronger and more nimble, but just like with your physical well-being, there’s no magic pill. It will require some work but with a sensible plan, the right support, and a goal-driven mindset, you can most certainly make your organization fraud fit in 2024.

Unlike traditional methods where personal information may be part of the authentication process, the passkey remains distinctly focused on validating possession of a cryptographic key or biometric data, and not on an actual device.

Tim Brown, Prove’s Global Identity Officer, was recently featured in InsideBIGDATA’s rundown of 2024 predictions for the big data market.

So for starters, let’s be clear – there’s a lot of fraud anticipated in 2024. Some of it will be performed in creative and complex ways.