The Simility Blog

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

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. Bad guys are…

Michelle Strmiska
Michelle Strmiska Nov 20, 2019

How Machine Learning Can Unlock Value For Fraud And Risk Professionals

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…

Samira Golsefid
Samira Golsefid Nov 07, 2019

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

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 &…

Sharon Lucero
Sharon Lucero Oct 16, 2019

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

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,…

Sean Nierat
Sean Nierat Oct 02, 2019

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

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…

Neeti Deshmukh
Neeti Deshmukh Sep 25, 2019

As Visa Lowers its Chargeback Ratios Merchants Need More Effective Fraud Management

Fraud prevention is an increasingly important part of running a modern business. If you accept online card payments, the chances are your organization will be exposed to digital scams. The cost of fraud can extend well beyond lost sales to…

Arthi Rajan
Arthi Rajan Sep 17, 2019

Driving Improvements in Fraud Prevention As Threats Grow in Sophistication  

As the world digitizes, organizations and their customers are increasingly exposed to internet fraud. It’s the price we are paying for unfettered online growth. But it doesn’t need to be this way. Anti-fraud solutions have evolved over the years, from…

Sharon Lucero
Sharon Lucero Aug 02, 2019

Back-to-School, Back to Fraud: How e-Commerce and Loan Providers Can Tackle Scams 

Fraudsters are always looking for new ways to drive revenue and evade the scrutiny of risk teams. This cat-and-mouse game has seen the bad guys continually adapt their tools and techniques to stay one step ahead of those out to…

Sean Nierat
Sean Nierat Aug 01, 2019

Artificial Intelligence: A Powerful Weapon in the Battle Against ATO

The digital economy has given rise to disruptive business models that make it convenient for customers to transact online. Customers can easily set up and operate accounts online by providing personal information at sign-up and log-in, respectively. This ease and…

Sharon Lucero
Sharon Lucero Jun 12, 2019

Fighting Fraud in a Rapidly Transforming Travel Industry

Like many sectors, travel is undergoing major digital-driven transformation. This is helping to drive customer engagement and growth on a scale never before seen. But while the internet has provided a new platform for airlines, hotels, travel agents and others…

Rahul Pangam
Rahul Pangam Jun 05, 2019