Boaz Litunya’s Post

There’s been a noticeable shift in fraud tactics, with fraudsters increasingly targeting earlier stages of the transaction process. According to a recent TransUnion report, 13.5% of transactions associated with online account creation were flagged as digital fraud last year. #creditcards #creditcardfraud #fraud #cyberfraud #cybersecurity #creditcardprocessing #digitalpayments #digitalfraud

Experian’s 2024 U.S. Identity and Fraud Report reveals an alarming rise in fraud. Now, more than ever, protecting your assets with GPS technology is essential. Stay informed and take action to safeguard your business from growing threats: https://lnkd.in/gyQ7MsSY   #AdvantageGPS #AssetProtection #DealerSecurity #RiskManagement

❗ Today’s subject is an important topic as we’ll talk about frauds in #nocode environments, what you can do to prevent it and how you can make your infrastructure secure. Frauds have been around for a while, and they may not be schemes you’ve never heard before, i.e. credit card fraud, identity or data theft. 👉 But, while they may not be new, no-code environments currently don’t have the same well-established practices that traditional code knows. Which is why no-code applications are choice targets. 📋 Our goal is to introduce best-practices in monitoring and no-code #security to help you with this very topic. And if it’s unclear how monitoring will be your best ally for fraud prevention, then we highly recommend you read today’s article. https://lnkd.in/e998dgYs If you are unable to read and understand key metrics in your no-code #application, then you won’t know what your red flags look like and fraudsters will go under your radar. So learn how to implement best practices, how to efficiently monitor and protect yourself and your users from frauds.

Credit Card Fraud: Stay Alert, Stay Protected Credit card fraud is a growing concern in our increasingly digital world, affecting individuals and businesses alike. It’s more than just an inconvenience—it can disrupt finances, damage credit, and erode trust. Here are a few tips to protect yourself and your financial information: 💳 Monitor Your Statements: Regularly review your transactions for unauthorized charges. Early detection is key. 💳 Use Secure Payment Methods: When shopping online, ensure the website is secure (look for “https” in the URL). Avoid using public Wi-Fi for sensitive transactions. 💳 Enable Alerts: Many banks and credit card providers allow you to set up transaction alerts via text or email. 💳 Be Wary of Phishing Scams: Never share your card details or PIN over email, phone, or text unless you initiated the contact with a trusted institution. 💳 Freeze Your Credit Card: If you suspect fraud, act immediately. Most banks allow you to freeze your card through their app or customer service. For businesses: 🔐 Educate your employees about fraud prevention. 🔐 Implement robust security measures for transactions and data storage. 🔐 Partner with trusted payment processors. Fraud prevention is a shared responsibility, and staying informed is your best defense. What steps have you taken to protect yourself from credit card fraud? Let’s start a conversation about safe financial practices. #CreditCardFraud #CyberSecurity #FraudPrevention #FinancialSafety #DigitalAwareness

A recent breach of NPD’s platforms has heightened the risk of identity theft, exposing consumers’ personal information to cybercriminals. Actions to Take: - Freeze your credit files with Equifax, Experian, and TransUnion to restrict access to your credit report. - Monitor your credit reports regularly for unauthorized activity. The Federal Trade Commission offers free credit reports. - Use unique, strong passwords for different online accounts and change them regularly. Consider using a password manager. - Check if your data was compromised using lookup services like npdbreach.com or npd.pentester.com. Read more about this data breach: https://lnkd.in/gABtSQ9C

🌟 Protecting What Matters Most At Custom Credit Card Processing, Inc., we understand that fraud prevention is more than just a challenge—it’s a responsibility we share with our financial partners. Nacha’s new ACH rules aim to combat emerging threats like business email compromise and vendor impersonation, but we know these changes bring real challenges, especially for smaller institutions. The shift toward real-time fraud detection is significant, and we're here to help you navigate it. Whether you’re exploring new tools or seeking insights into fraud prevention best practices, we’re in this together. #FraudPrevention #ACHRules #SmallBusinessSupport #SecurePayments #BankingPartners #CustomerProtection #FraudSolutions #Cybersecurity https://lnkd.in/e-T5ZmJw

📈Elevate your strategies to combat Online Fraud Shockingly, the UK saw online fraud more than double in 2023, and forecasts suggest an even greater surge in 2024. Secure your digital presence and uncover our protective strategies by clicking the link below. ⬇️ https://lnkd.in/e5B-UsQM #Fraud #Security #2024 #SilverLiningConvergence

The rise in financial fraud is a concerning trend affecting individuals of all ages, including children and teenagers. To protect yourself from mobile phone-related financial scams, consider the following precautions: - Enable Multi-Factor Authentication: Add an extra layer of security by using multi-factor authentication for banking and sensitive accounts. - Avoid Public Wi-Fi: Refrain from accessing banking apps or sensitive information on unsecured public networks to prevent potential breaches. - Use Strong Passwords: Enhance security by creating unique, complex passwords and updating them regularly. - Be Wary of Phishing: Stay vigilant against phishing attempts by avoiding clicking on links in unsolicited messages. Always verify the legitimacy of the source before sharing personal information. - Monitor Accounts Regularly: Keep a close eye on bank statements and transaction histories to promptly identify any unauthorized activities. By implementing these measures, individuals can strengthen their defenses against mobile phone-related financial fraud and safeguard their financial well-being. Stay alert and proactive in protecting your sensitive information.

Verified IDs give a false sense of security. Fraudsters know how to bypass them. And the longer fraud hides, the more damage it causes: • Day 1: A stolen ID opens an account. Clean on paper. • Week 1: Small, clean transactions. No alarms. • Month 1: Multiple accounts, referral abuse. • Month 3: Full monetization - ACH returns, chargebacks, losses. If this sounds familiar, you’re not alone. Fraud teams everywhere are overwhelmed. Chasing fraud after the damage is done. Fraud isn’t static. It matures. And verified IDs only check one part of the story. Stopping it requires more than tools. It takes connection. At Dodgeball, we help stop the ripple effect of stolen identities. • See everything. Unified signals from signup to transaction. • Respond faster. Dynamic workflows adapt to evolving risks. • Make smarter decisions. Real-time insights for immediate action. Are you catching fraud at Day 1 or scrambling at Month 3?