Jumio has released its annual Holiday New Account Fraud Report, finding that new account fraud has doubled in the years since 2014, and increased 27.8 percent over 2018 alone. Fraud rates were generally higher in emerging markets than they were in more developed areas. For the purposes of the report, new account fraud occurs…
Cybersecurity firm Buguroo has announced an $11 million dollar Series A funding round that will help it to accelerate the development of its Deep Learning-based online fraud detection and prevention platforms, and allow it to focus on an expansion into the U.S. and U.K. markets, among others. The funding for the Madrid-based Buguroo was led…
In anticipation of an approaching holiday shopping season in which the vast majority of consumers plan to do their shopping online, American consumer credit reporting agency TransUnion has released its 2019 Holiday Retail Fraud Survey. A key finding of the survey of 2,593 American adults conducted in October by TransUnion centred around the threat of…
“2018 witnessed the largest increase in attempted ID fraud in five years and this highlights why organizations need to use more sophisticated digital identity verification solutions to take extra precaution during the online account opening process, especially during the holidays.” – Philipp Pointner, Chief Product Officer, Jumio After a bit of a lull in 2017,…
