Experian India’s Post

Fraud is an ever-evolving threat, and it doesn't just come from external bad actors—sometimes the risk comes from within your customer base. The challenge is to identify and mitigate fraud before it damages trust, reputation, and revenue. At Cosive, we understand the complexities of combating fraud. That’s why we’ve developed Antifraud, a comprehensive solution designed to help businesses stay one step ahead. Our Antifraud capability equips organisations to: 🔍 Detect fraud in real time with advanced fingerprinting and manipulation detection. 🚨 Prevent losses by automating responses to suspicious behaviours. 📊 Analyse trends in population to identify and mitigate vulnerabilities proactively. 🤝 Integrate tightly with your existing fraud monitoring solutions 💡 Did you know? Fraud can often start as a seemingly minor event—a suspicious transaction or a false identity. With Cosive Antifraud, you can take action at the first sign, ensuring potential threats are neutralised before they escalate. As we mark International Fraud Awareness Week, it’s a reminder to all businesses: fraud prevention isn’t just about protecting assets—it’s about safeguarding trust. Learn more about how Antifraud can empower your organisation to fight fraud effectively: https://lnkd.in/g89wQnpH Let’s work together to create a fraud-resilient world. #FraudAwareness #FraudPrevention #CyberSecurity #InternationalFraudAwarenessWeek #CosiveAntifraud

Protect Yourself from Fraud: Stay Vigilant, Stay Safe*Message:*As we observe Fraud Week, we remind you that fraud prevention is a collective responsibility. Here are some essential tips to safeguard yourself:1. Verify authenticity: Be cautious of unsolicited calls, emails, or messages.2. Keep personal info private: Guard your sensitive information.3. Monitor accounts regularly: Detect suspicious transactions promptly.4. Use strong passwords: Update them frequently.5. Be wary of public Wi-Fi: Avoid sensitive transactions.*Stay Safe Online:*1. Update software and apps regularly.2. Use two-factor authentication.3. Avoid phishing scams.*Report Suspicious Activity:*If you suspect fraud, contact [Your Bank/Institution] immediately

🚨 Alert: The Evolving Face of Bank Fraud 🚨 Shelby County, Alabama, reveals a harrowing tale of bank fraud where a local business owner lost $172,000 through a sophisticated scam. Spoofed phone calls and hacked personal devices were just the beginning of this complex fraud. 🚨 Sophisticated Scam Tactics: 🛡 Caller ID Spoofing: Fraudsters manipulate caller IDs, making it appear as though calls are coming directly from a bank. 🛡 Device Hacking: Access to sensitive information through personal devices, leading to unauthorized account access. 🛡 Misuse of Verification Codes: Scammers intercept bank texts and exploit verification processes to gain full control over accounts. 📕 AFS Preventive Tips: ▪️ Education is Key: FIs need to continuously educate account holders on the sophistication of scams and the importance of verifying the source of any communication. ▪️ Verification Protocols: Always double-check the authenticity of any request for information, even if it appears to come from familiar numbers or emails. ▪️ AFS Security Layers: Follow AFS for updates on evolving deposit fraud schemes or request a demo to see how our layered solutions like TrueChecks and TrueWire protect your account holders. 🔗 Help your FI stay ahead of sophisticated fraudsters with Advanced Fraud Solutions. Protect your account holders by understanding the signs and deploying effective countermeasures. 🔗 Learn more about our proactive fraud prevention solutions: https://bit.ly/4c3GKdw #BankFraud #DepositFraud #FinancialFraud #Spoofing #Phishing #Vishing #SocialEngineering #FraudLoss #FraudLosses #FinancialSecurity #FraudPrevention #TrueChecks #TrueWire #AFS #CyberSecurity #ScamAlert #FraudAlert #Scammers

Rise in QR Code Fraud - Stay Vigilant! Police have reported a significant increase in QR code fraud, particularly in public spaces such as car parks and on parking meters. Criminals are exploiting the convenience of QR codes by placing fake QR code stickers over legitimate ones, leading unsuspecting users to fraudulent websites that steal personal and financial information. As cyber threats continue to rise, it's crucial for everyone to stay informed and educated about these risks. How to Protect Yourself: 🔎 Inspect QR Codes: Look for tampered or out-of-place stickers. 🔎 Manually Enter URLs: If something seems off, type the URL directly. 🔎 Report Fraud: Contact Action Fraud if you or someone you know is affected. At C-STEM, we emphasise the importance of awareness and proactive measures to safeguard personal and financial information. Educating yourself and others about these threats is the first line of defence. Read more from the article below. #cybersecurity #cyberthreats #QRcodefraud #fraudprevention #CSTEMDCR #ZTA https://lnkd.in/eCk7hPBN

We specialize in crafting strategies to identify and mitigate fraudulent activities such as credit card fraud and identity theft. For example, if an unusual transaction pattern is detected—like a sudden spike in overseas purchases on a customer's credit card—our Suspicious Activity Monitoring (SAM) system flags it for immediate review, distinguishing between true positives (actual fraud) and false positives (legitimate transactions), preventing potential fraud. #FraudPrevention #FinancialSecurity #AML #CDD #SAM #RiskManagement #Compliance #CyberSecurity #FinancialServices

Protect Yourself from Fraud! Stay informed about common fraudulent activities, such as phishing scams, skimming devices, and identity theft. Educate yourself on how these scams work and the warning signs to look out for. Stay updated on the latest security measures and fraud prevention strategies. Be cautious when sharing personal information online and only provide it to trusted sources. Monitor your financial accounts regularly for any suspicious activity. Report any fraudulent activity immediately to your bank or credit card company. #CreditCardFraudAwareness #StayInformed #PreventFraud #ReportSuspiciousActivity

This quiz is designed to test your knowledge on various fraud detection techniques, common red flags, and best practices for safeguarding against fraud. Whether you’re a seasoned professional or new to the field, this quiz will help you assess your understanding and enhance your ability to detect and prevent fraudulent activities. Let’s dive in and see how well you can identify potential threats and protect against them. https://lnkd.in/dDMEmmQB

Report reveals the 5 fraud threats to watch out for in 2024: The report discusses the five fraud threats that are predicted to emerge in 2024. 

Not every problem can be solved in-house. That’s where we come in—offering you the best solutions to combat SMS fraud and security threats, so you can focus on what matters most: growing your business. #Twilio #Verify #FraudGuard #TwilioSecurity #FraudProtection #FocusOnGrowth

💻 International Fraud Awareness Week is the perfect time to focus on protecting your finances and personal information from scams like Account Takeover (ATO) Fraud. 🔍 What is Account Takeover Fraud? ATO occurs when cybercriminals gain access to your login credentials, often through phishing emails, fake pop-ups, or phone scams, and use them to steal funds or sensitive data. 💡 How to Protect Yourself: Be cautious of unexpected pop-ups or calls requesting remote access. Never share your online banking username or password. Monitor your accounts for unauthorized transfers or deposits. We're here to assist! If you spot any unauthorized charges on your Pinnacle Bank account, please contact your local branch immediately.