Auto finance fraud is costing dealers up to $20,000 per incident 2026-02-04 at 07:08 By Anamarija Pogorelec Auto retailers see fraud as a regular part of selling and financing vehicles, something that shows up often enough to plan around, according to Experian. Income and identity fraud lead the list Most fraud problems start with the […]
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Underwriting is shifting to AI-driven, real-time decisions by 2030 2025-10-02 at 07:45 By Anamarija Pogorelec Underwriting is undergoing a major transformation as financial institutions push for faster decisions, better fraud detection, and greater personalization, according to a new global Experian report. By 2030, credit decisions are expected to become embedded in everyday transactions, with artificial
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Fraud controls don’t guarantee consumer trust 2025-08-08 at 07:31 By Help Net Security Over a third of companies say they are using AI, including generative AI, to fight fraud, according to Experian. As fraud threats become more complex, companies are accelerating their investments with over half adopting new analytics and building AI models to enhance
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Cybercriminals tighten their grip on organizations 2024-12-30 at 06:06 By Help Net Security Cybercriminals are using a variety of new methods to target organizations across industries. In this article, we examine the most pressing trends and findings from the 2024 surveys on the growing threat of cybercrime. Social engineering scams sweep through financial institutions North
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Teenagers leading new wave of cybercrime 2024-12-06 at 07:42 By Help Net Security Global data breaches show no signs of slowing down as this year has already exceeded 2023 in the number of data breaches and consumers impacted, according to Experian. Younger cybercriminals on the rise Today, the world of cyber hacking is not confined
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Password management habits you should unlearn 2024-10-01 at 06:31 By Help Net Security Despite advancements in security technology, many individuals and organizations continue to rely on outdated and vulnerable authentication methods, leaving themselves exposed to cyber threats. This ongoing reliance on insecure methods has led to a steady rise in fraud, with weak password practices
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Discover how online fraud can impact your business 2024-09-24 at 07:31 By Help Net Security Recent reports underscore increased fraud losses driven by both old methods and new technologies. As fraudsters exploit advancements in AI and other sophisticated tools, their methods have become more difficult to combat. From AI-driven scams and sophisticated phishing attacks to
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The true cost of cybercrime for your business 2024-09-06 at 07:01 By Help Net Security As cybercriminals continue to refine their methods, blending traditional strategies with new technologies, the financial toll on individuals and organizations has reached alarming levels. Businesses are also grappling with mounting cybercrime costs from ransomware and DDoS attacks, which can inflict
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Old methods, new technologies drive fraud losses 2024-08-28 at 06:01 By Help Net Security GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 2023 alone, representing a 14% increase
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Fraudsters have found creative ways to scam some businesses 2024-02-19 at 06:31 By Help Net Security 70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they’re more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need
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Cybercriminals embrace smarter strategies, less effort 2024-01-29 at 06:33 By Help Net Security 2024 is shaping up to be a record-breaking year for data breaches, according to Experian. Despite 2023 being labeled as a ‘successful’ year for malicious actors, the upcoming months may bring forth developments that could further disrupt the cybersecurity landscape. Supply chain
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Modernizing fraud prevention with machine learning 15/09/2023 at 08:33 By Help Net Security The number of digital transactions has skyrocketed. As consumers continue to spend and interact online, they have growing expectations for security and identity verification. As fraudsters become savvier and more opportunistic, there’s an increased need for businesses to protect customers from fraud
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Surge in identity crime victims reporting suicidal thoughts 23/08/2023 at 15:02 By Helga Labus Identity theft can have great financial impact on the victims, but the experienced emotional, physical and psychological impact can be even more devastating, according to the 2023 Consumer Impact Report from the Identity Theft Resource Center (ITRC) and Experian. The report
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Consumers demand more from businesses when it comes to security 24/07/2023 at 06:01 By Help Net Security Fraudsters are opportunistic criminals and 2022 and the first few months of this year brought opportunities like never before, according to Experian. This volatility perpetuated an unpredictable atmosphere for both businesses and consumers alike. The report found that
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