Category: Fraud

Read and learn about fraud and how to prevent it with the following articles and posts by Ekata, a Mastercard company.

Ecommerce Fraud Prevention

Ecommerce fraud trends and statistics merchants need to know in 2023

With dramatic global growth and expansion across ecommerce, fraud continues to surge. Let’s take a look at the trends and statistics you’ll need to know. Article at a glance Global ecommerce fraud is increasing, with losses reaching $41 million in 2022 and predicted to exceed $48 billion in 2023. Europe faces significant ecommerce fraud […]

9.13.2023

Synthetic Identity Fraud

How a probabilistic approach to Know Your Customer mitigates synthetic identity fraud

As synthetic identity fraud continues to surge across industries, in particular affecting financial institutions, it’s vital that we come together to make better, more accurate predictions of fraud risk, using a wider range of identity verification data. While Know Your Customer (KYC) processes are essential to ensure compliance, in particular protecting financial institutions against corruption, […]

8.7.2023

Identity Verification

Why you can’t rely on CPF checks for digital identity verification in Brazil

As the global economy’s transformation accelerates those that do not keep pace with this digitization will leave themselves vulnerable to fraudsters who are getting more sophisticated and taking advantage of those who are falling behind. Ironically, despite being recognized as the second most advanced country in the world by the World Bank in terms of […]

8.2.2023

Fraud Prevention

Four ways to bring value to your ecommerce fraud prevention team

In an ever-competitive market and in a fluctuating global economy, online retailers have to be strategic when it comes to staying on top of profit margins. Unfortunately, the only sure-fire way to improve margins is to raise prices or cut costs (or a combination of both). Since raising prices turns away customers, most online retailers […]

6.30.2023

Ecommerce Fraud Prevention

5 industry best practices to preventing ecommerce fraud in 2023

At Ekata, we have consistently detailed the evolution of ecommerce since the pandemic was first declared, an event that accelerated the adoption of online shopping by five years in North America alone. And, naturally, with such global growth and expansion comes a dramatic surge in ecommerce fraud. By the end of this year, global ecommerce […]

6.7.2023

Manual Review fraud prevention small business

Small Businesses

Why manual review is essential for small businesses moving online

By the end of 2023, ecommerce is expected to account for some 22% of total global retail sales. Across APAC this growth is extraordinary, with 41% of worldwide ecommerce sales coming from the region. Furthermore, despite the belief that shoppers post-pandemic would return to physical stores in droves, buyers across APAC are embracing mobile retail […]

6.6.2023

Manual Review

Financial services in APAC and SEA: Reviewing (and optimising!) manual review.

Asia Pacific (APAC) has the highest-growing fintech industry in the world with some of the biggest players in the region. Despite over 41% of the top 100 global fintech innovators originating from the region, when it comes to digital transformation and technology adoption, financial service institutions across APAC are still very much in the incremental stage. This is especially the case […]

6.5.2023

Global Identity Verification

Global risk assessment 101: The importance of international data in identity verification and fraud prevention

After 20 years of being at the forefront of identity data, we’re still tackling the toughest of data dilemmas to help companies solve their global risk assessment and international identity verification challenges. These challenges have increasingly become more complex as the world’s digital and mobile modes of operation go global. Balancing a great customer experience with […]

5.25.2023

Fraud Prevention

How our Identity Engine detects fraud in online transactions

Director of Product Marketing, Milena Babayev, chats online payment fraud, understanding the Science Inside the Ekata Identity Engine, fraud prevention, risk assessments, and digital identities with the Director of Field Data Science at Ekata, Sarah Strano. Every time I make a purchase online, I often wonder how the retailer knows if I’m a real customer […]

3.22.2023