Sift’s Post

This #FIBRFriday, we want to hear from YOU. 💬 We recently updated Sift's Fraud Industry Benchmarking Resource with brand new data: You can now see which payment methods are preferred by fraudsters, as well as the fraud rates for common payment methods across Sift’s Global Network. Explore the new data and tell us what you think. 🔹 Did anything surprise you? 🔹 Do any trends align with what you're seeing in your own industry? Take a look here 🔗 https://buff.ly/3K7l9ES and let us know in the comments below. #FraudPrevention #FraudTrends #FraudRates #FraudulentPayments

💡 We're here for another #FIBRFriday, where we share insights from FIBR, Sift's Fraud Industry Benchmarking Resource tool. Today, we looked at online travel and lodging, where the payment fraud attack rate spiked to 6.4% in Q1 of last year, most likely due to an increase in holiday travel and vacation bookings. We see the attack rate tapering down for the remainder of the year, and spiking again in the summer. FIBR is interactive, so explore the tool yourself to see how your own industry’s fraud rates compare: https://buff.ly/47t8Gp8 #AIPowered #GrowFearlessly #fraudprevention #fraudtrends #fraud #benchmarking #data

It's time for Money20/20 Las Vegas 2024! And you'll want to experience how Enformion + Kevari are transforming fraud detection. Think of it as three generations of defense: • 1st Gen: Banks use internal data • 2nd Gen: Credit bureaus share fraud insights • NEW 3rd Gen: Enformion’s massive identity graph (260M+ US consumers, 120B+ records)) + Kevari’s real-time insights from 5,000+ banks 🔍 Our model? 300% better fraud detection, 10X-20X fewer false positives—even for thin-file consumers. And with 600+ attributes, 200+ fraud indicators, and simple API integration, we fit right into your model. Want to see this in action? Visit us at Booth #9428 at Money 20/20! #Money2020

It's the end of the week, which means another #FIBRFriday, where we share insights from our Fraud Industry Benchmarking Resource, FIBR. Last week we talked about the increase in adoption of 2FA across businesses and industries in Sift's Global Network, and the shift in consumer sentiment toward MFA. Today, we're showing you which industries had a higher (or lower) than average 2FA rate in Q2 2023 to Q2 2024, according to FIBR. Do any of these industry trends surprise you? Share your thoughts in the comments. 📌 Check out our latest Digital Trust Index report for more FIBR findings: https://buff.ly/3B1XgNS 🔗 And remember that FIBR is interactive, explore the tool yourself to compare fraud benchmarks: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #Fraud #FraudRates #2FA #MFA #AccountTakeovers

We are thrilled to announce that James Bi, Marketing Manager and Fraud Detection Specialist at OrboGraph, will be presenting at Wespay Payments Symposium 2024! His session, titled "Check Fraud in 2024: Are We Catching Up to the Fraudsters?", will take place today at 2:55 PM PST (5:55 EST). You won’t want to miss out on this opportunity to gain insight into the latest check fraud trends and how FIs can stay ahead of evolving fraud techniques. #WespaySymposium2024

In a recent webinar with Doug Almeida from Chartway Credit Union , a Q2 customer, he talks about how you can make the business case for investing in an authentication solution as well as the aspects that will affect your ROI, such as: 💡Locating specific use cases where you can mitigate fraud; 💡Quantifying the impact of the fraud in financial terms; 💡Sharing those insights to get the buy-in you need quicker. 📽️ Watch the full video to learn how modern authentication can help FIs mitigate the risk and cost of growing fraud threats 👉 https://lnkd.in/eVF23Siy #digitalbankingfraud #fraudprevention #modernauthentication https://lnkd.in/e8YtvhUf

Last month, Tom Donlea joined Nash Ali to discuss the real-time money movement issues facing merchants and the tools available to solve them. Watch the full webinar to learn how your business can win the fight against RTMM’s fraud challenges: https://hubs.li/Q02szV9n0 #FraudPrevention #BehavioralAnalytics

In a recent webinar with Doug Almeida from Chartway Credit Union, a Q2 customer, he talks about how you can make the business case for investing in an authentication solution as well as the aspects that will affect your ROI, such as: 💡Locating specific use cases where you can mitigate fraud; 💡Quantifying the impact of the fraud in financial terms; 💡Sharing those insights to get the buy-in you need quicker. 📽️ Watch the full video to learn how modern authentication can help FIs mitigate the risk and cost of growing fraud threats 👉 https://bit.ly/3VTXjnm #digitalbankingfraud #fraudprevention #modernauthentication

We are excited to announce our Future of Financial Security in the Nordics: Mitigating Fraud Using Confirmation of Payee Webinar on Wednesday the 14th of February at 11:00 CET.   Together with Nordic Payments Council, ChilliMint (Europe) Limited and JPMorgan Chase & Co., we will dive into a range of topics concerning Confirmation of Payee in the Nordics including: - Why Confirmation of Payee is being implemented  - Best practices and learnings from the UK Market - The impact of fragmented markets/schemes and their interoperability - The impact and value Confirmation of Payee can provide your clients Gain valuable insights from experiences and perspectives from industry experts including Camilla Åkerman General Secretary of Nordic Payments Council, Paulina Kudłacik Scheme Manager at Nordic Payments Council, Paul Atkinson EMEA Revenue & Engagement - JPMorgan Chase & Co., Brian Cunnington Director of ChilliMint (Europe) Limited, and Kannan Rasappan CEO of Banfico.   To secure your spot, please click here: https://lnkd.in/eyHcfUBR #FinancialSecurity #CoP #FraudMitigation #NordicsPayments #WebinarInsights #Confirmationofpayee

For financial institutions, shifting from a product-centric to a customer-centric model can be the game-changer to secure core #deposits and boost #profitability. Our new white paper explores key questions that every bank should be asking: Are you targeting the right customer segments? Do you have the tools to cross-sell effectively? Can you win depositor trust by protecting them from fraud? Read on to discover how to enhance your deposit strategies in 2024 and beyond. ➡️ https://bit.ly/4gQVsYm