Online digital lenders have proliferated in the last few years, and traditional lenders have also rebalanced their focus and have increased their digital efforts across all products trying to catch up with their nimbler rivals. As a result, the potential target for fraudsters to attack has become significantly larger and more lucrative and they haven’t held back their efforts to inflict maximum financial damage.
Wells, wells, wells, what do we have here? Last week the news broke that Wells Fargo had “been hit with $185 million in civil penalties for secretly opening millions of unauthorized deposit and credit card accounts [...]
Device fingerprinting, i.e., collecting information from a device for the purposes of identification, is one of the main techniques used by online services for mobile fraud detection. The goal is to recognize “bad” devices used [...]
User accounts are extremely valuable - real accounts far more so than fake accounts. This is not only true for Internet properties, which are valued by the size and growth of their user base, but [...]