The Simility Blog

Online Fraud is Getting Smarter: Firms Must Respond in Kind with Behavior-Based Tools

Dec 11 | By: Eric Newman

Digital transformation initiatives across the globe are generating billions of dollars, with the analytics segment alone expected to reach an estimated $74 billion this year. But while organizations focus on getting closer to their customers with innovative new services, and streamlining business processes, the bad guys are also hard at...

Going Mobile: How Businesses Can Meet Customer Demands While Keeping Fraud At Bay

Dec 03 | By: Hrishikesh Bhand

The mobile economy is surging. as customers increasingly demand more seamless omnichannel experiences allowing them to jump between multiple devices, fraudsters are also exploiting new opportunities. For businesses keen to drive customer loyalty and profits, there’s too often a trade-off between lower fraud losses and more customer friction – or...

New Info-Stealers Highlight Rising Fraud Risk For Retailers This Cyber Monday

Nov 20 | By: Michelle Strmiska

Global fraud is the enemy of the digital retailer. It eats into margins, slashes profits and threatens to undermine hard-won customer loyalty. As online merchants gear up for the crucial holiday season sales period, there is reason to be concerned....

The Holiday Season Is Coming … And So Are the Online Fraudsters

Nov 13 | By: James Nisbet

With summer a distant memory and the kids back in school, it’s time to look ahead to the last few months of 2019. For retailers and many other businesses this will mean preparations in earnest for the busy holiday season. Stretching from Thanksgiving and across the Black Friday weekend to Christmas and Hannukah,...

How Machine Learning Can Unlock Value For Fraud And Risk Professionals

Nov 07 | By: Samira Golsefid

At Simility, we often talk about the need for machine learning-powered systems to combat a new wave of sophisticated digital fraud. But what exactly is machine learning – and how can it be leveraged to provide an advantage over legacy rule-based tools? Tapping the Power Of AI Machine learning is a sub-discipline...

Patching Problems Perpetuate Fraud Challenges

Nov 01 | By: Hassan van de Riet

Online fraud is a complex problem requiring a sophisticated solution. We all know it’s on the rise. But there’s no single, definitive cause. Instead, a confluence of factors including digital transformation, the rise of dark web sites, credential stuffing tools and more have come together to create a unique challenge...

8 Signs You Need to Replace Your Fraud Solution

Do You Have a Legacy Fraud Solution? Here Are Eight Tell-Tale Signs

Oct 16 | By: Sharon Lucero

It’s no secret that fraud is on the rise, fueled by persistent data breaches, and the widespread use of anonymizing technology and automated account takeover tools. Over 14 million consumers fell victim last year, and this estimate by Javelin Strategy & Research could be just the tip of the iceberg.1 Against the growing...

Accountability Matters: Why Firms Need to Step Up with Proactive Protection

Oct 10 | By: Eric Newman

Cybersecurity and fraud prevention go hand-in-hand for both businesses and consumers, just as cybercrime and online scams are intrinsically connected. That’s why we’re supporting National Cybersecurity Awareness Month (NCSAM) in the US again this October. With it comes a host of events and opportunities to spread best practices and make the digital world a safer place. For us...

New Data Breach Milestone Should Focus Minds on Data-Centric Fraud Prevention

Oct 02 | By: Sean Nierat

Data breaches come so quick and fast these days that both consumers and businesses are in danger of becoming desensitized. In August alone, tens of millions of customer records were compromised after two online apparel companies were hit. This, supposedly, came in one of the quietest months of the year...

Mastercard’s New Fraud Monitoring Program: Another Reason to Invest in Adaptive Decisioning

Sep 25 | By: Neeti Deshmukh

Card fraud is a constant challenge for modern businesses. Any organization accepting card payments online is exposed to chargeback losses, customer churn, brand damage and the many other financial and reputational impacts of internet-based scams. Yet businesses not only have an obligation to themselves and their customers to tackle fraud, but...