Learn more about Online Bank Fraud

Smishing is on the rise. In June of this year, Bank of Ireland customers were targeted by a string of smishing attacks. In August, the national center for cybersecurity in Brussels warned of a ‘tsunami’ of smishing attempts about to hit the country.
READ MORE
Traditional online banking fraud prevention strategies focus on mitigating losses by targeting individual cases of fraud – for example by preventing a bad actor from creating a new account with stolen credentials.
READ MORE
A few years down the line, when someone thinks of a bank robbery, they won't imagine a couple of guys entering a bank with guns. Shouting the famous line "This is a robbery, everybody get on the ground!" will no longer come to mind.
READ MORE
With buguroo’s unique behavioral biometric customer identification capabilities, risky transactions can be rapidly and safely approved or denied, minimizing chargebacks while not getting in the way of legitimate transactions.
READ MORE
We recently took part in a webinar with our partner, NICE Actimize, to discuss how they were incorporating our anti-fraud technology into their online security systems in order to better prevent online banking fraud.
READ MORE
SIM swapping is an increasingly popular account takeover fraud that has in the past year, claimed high-profile victims including Twitter CEO Jack Dorsey and may have even been the reason behind Barack Obama and Elon Musk tweeting bitcoin scams as recently as mid-July. But it’s more than just public image and reputation that is on the line for victims of this fraud.
READ MORE
A few weeks ago, a 17-year-old young man was arrested by the police for being behind the hacking of more than 130 Twitter accounts, including that of celebrities such as Bill Gates, Jeff Bezos or Elon Musk. This unprecedented hacking created a stir in public opinion and highlighted, once again, the danger we face: cyber fraud.
READ MORE
Individuals living in Latin America have been slower to take to mainstream banking. Culturally, there just doesn’t exist the same level of trust in banks and in digital channels to look after hard-earned money, as arguably exists throughout Europe and the USA. Instead, apart from the operations of larger businesses in the area, a large proportion of the population was used to conducting ...
READ MORE
Checking that a user is who they claim to be whilst they are online is the fundamental basis of cybersecurity. We’re all used to being authenticated at some point in our online journeys, whether it’s through a password login, or an OTP sent to our phones when we’re attempting to make a transaction.
READ MORE
Traditional criminology treats crime as a simple instrumental process, in which the criminal commits a crime with the objective of obtaining some type of personal benefit. From this perspective, social imbalance and the marginalization of certain groups caused these people to respond by committing crimes with the intention of getting what society had denied them.
READ MORE

Did you like it? Share in your social communities

 

What did you think about this topic?

Leave your comments

 

Need to reduce fraud in your online banking?

Discover our holistic vision applied to online detection

Request demo