Illuma’s Post

Stopping bad actors is the whole point, right? But increasingly, the solutions employed introduce more problems than they solve, and may actually lull you into a false sense of security. To do better, you really need something intelligent, elegant and effortless. Something that addresses all of the problems of current authentication methods at once, while solving the ID verification challenges of the future. Could voice biometrics be the answer for you?

22 seconds. There is one victim of #identitytheft every 22 seconds. There's a pandemic of account takeovers and new account frauds that result from using stolen or fake personal information. The question that arises is, where are these fraudsters obtaining all this data? ➤ Political linkages ➤ Dark web ➤ Social media 𝐈𝐧 𝐈𝐧𝐝𝐢𝐚, 𝐭𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐞𝐚𝐬𝐢𝐞𝐫 𝐧𝐨𝐧-𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐬𝐨𝐮𝐫𝐜𝐞𝐬: ➤ Xerox shops that copy and store your personal data ➤ Utility bills like electricity bills, gas bills, rental agreements 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐜𝐨𝐦𝐦𝐨𝐧 𝐫𝐞𝐝 𝐟𝐥𝐚𝐠𝐬 𝐭𝐨 𝐥𝐨𝐨𝐤 𝐨𝐮𝐭 𝐟𝐨𝐫: 1. A major #moneymule recruitment tactic is to call unsuspecting individuals and inform them about a pending bill and then send a QR code to redirect the money. 2. The same victims are again targeted by the fraudster and are convinced that their #KYC documents need updating. 3. Their details are then stored and sold to unscrupulous actors, who can then use this data to create multiple mule bank accounts. Always cross-check each and every single call you get that asks you to transfer any amount via unofficial means to 'update documents'. No government agent will send you a QR code for separate payments. #DontBeAMoneyMule Fighting against money mules worldwide, Bureau works with various bodies to make a difference. Connect with us to find out how. #DefendWithBureau #MoneyMuleScore #Fintech #FinancialServices #FraudPrevention

Nick Fleetwood highlights the importance of screening inbound payments as a critical step in combatting fraud. 💡 Learn how the banks can identify and prevent fraudulent transactions by focusing on the inbound leg of payments in this latest interview 👉 https://form3.co/4cLcq7Y #PaymentsPlatform #CloudNative #FraudPrevention #FinancialCrime #DataSharing

Nick Fleetwood highlights the importance of screening inbound payments as a critical step in combatting fraud. 💡 Learn how the banks can identify and prevent fraudulent transactions by focusing on the inbound leg of payments in this latest interview 👉 https://form3.co/4cLcq7Y #PaymentsPlatform #CloudNative #FraudPrevention #FinancialCrime #DataSharing

Nick Fleetwood highlights the importance of screening inbound payments as a critical step in combatting fraud. 💡 Learn how the banks can identify and prevent fraudulent transactions by focusing on the inbound leg of payments in this latest interview 👉 https://form3.co/4cLcq7Y #PaymentsPlatform #CloudNative #FraudPrevention #FinancialCrime #DataSharing

Nick Fleetwood highlights the importance of screening inbound payments as a critical step in combatting fraud. 💡 Learn how the banks can identify and prevent fraudulent transactions by focusing on the inbound leg of payments in this latest interview 👉 https://form3.co/4cLcq7Y #PaymentsPlatform #CloudNative #FraudPrevention #FinancialCrime #DataSharing

As online fraud threats escalate, isn't it time we evolved our defenses? We specialize in helping community banks and credit unions fight back against account takeovers and social engineering. Let's safeguard our brand reputation together. Learn more today - https://lnkd.in/gYbDKNRm #technology #bankingindustry #data #strategy #banking #security #safety #financialservices #tech #customerexperience #development #customerservice #banks #callcenter #fraudprevention #fraud #creditunions #lending #authentication #creditunion

When thinking about where fraud could infiltrate your banking system, you should be mindful of attacks commonly threatening financial institutions. With fraud analytics, there are many directions of protection you can take. Read more about how to protect against fraud at https://lnkd.in/ejs2-ucZ. #fraudanalytics #banktech #aiinbanking #aiinfinancialservices #lumenalta

Small and Mid-sized Business (#SMB) lending fraud has increased 14.6% year-over-year, causing the need for accurate #identity verification to be even more crucial. ⚠️ Read Vcheck's latest blog to uncover solutions to the most common types of identity #fraud: https://hubs.li/Q02vm-tr0 #lending

Grateful for the AI-powered fraud analytics in keeping our banks safe from financial crime! By spotting suspicious patterns, banks can catch fraud early and protect your money. Stay aware of common threats and use smart analytics for top-notch security. #AI #Technology #IT