Merchants are challenged on various fronts and are constantly taken off guard by fraudsters who are tapping into more and more sophisticated strategies. Their attention, however, is somewhat diverted from what truly counts in this regard. Read more about the so-called fraud rates - the red herring of fraud prevention.

The global Travel Tech market is predicted to reach the value of 12 billion dollars by 2019, growing by 14% per annum. Impressive? The estimations only account for the largest IT solutions providers. Considering how successful platforms like Airbnb, Expedia or TripAdvisor have become, it seems evident that the numbers will be much higher in reality.

Is Machine Learning a black-box sort of thing? We hear this question more than often. For our clients who consider moving from static rule-based to AI-driven fraud prevention systems, the answer can, in fact, make or break their decision. No wonder! As a Risk Manager responsible for the effectiveness of your company’s fraud prevention strategy, you’d like to have full control over how fraudsters are detected. And now you’re supposed to place your trust in a machine and its assessments? How can you even tell whether it’s right or wrong and on what basis? So, when someone asks me that, I say…

In the face of all the challenges emerging in front of progressively-thinking enterprises, I propose a shift from the traditionally defined KYC to a brand-new approach, which I shall call KYU – Know Your Users. By KYU I understand a comprehensive, exercised constantly, in-depth, multidimensional profiling of all users who interact with given online services.

The prevalence of fraud or rather the losses attributed to fraud have increased awareness of the issue and it has now become crystal clear that fraud prevention (FP) is a must for any online retailer – no matter if they own a three-man shop or an online giant. Fraudsters notoriously invent new scamming techniques and, consequently, …

Anyone who’s made a name for themselves as a professional knows how important being up-to-date with recent trends, strategies and case studies is. I feel that building and refreshing one’s knowledge capital is of even bigger significance if you’re a fraud-fighter safeguarding your organisation and the digital realm, given how volatile businesses are when it comes …

Thursday. 7:26 pm. Dimly lit office room. Every pair of eyes in the room following fixedly the threads on the screen. We’re on the trail of a FRAUDSTER. Literally breathing down her neck. Her? We sometimes give them a name. Just like aerologists give names to hurricanes and cyclones, we dub hackers too. After all, …

I’ve been explaining for quite a while now how payment fraud (mostly credit card fraud) can knock-out even the most successful business and derail even the best expansion plan. Every year, billions of dollars are lost by all participants of the payment ecosystem due to fraudulent transactions and their costly consequences (chargebacks, revenue loss, credibility …

Travel industry is one of the world’s largest business areas. It made a total contribution of $ 7.61 trillion to the global economy in 2016 alone. The number of international tourist arrivals has been increasing steadily for years with an estimated 1.8 billion arrivals expected by 2030. It is also one of the sectors most severely …

Nowadays, not only the world’s leading e-commerce giants are struggling with fraud. The problem affects almost every business that sells its products or services online. Among many types of fraud, “friendly fraud” is one of the most difficult challenges that each and every online business has to encounter sooner or later. According to CardNotPresent.com, it …

Finding the right anti-fraud system for your business is an important and demanding task. The decision made will impact your company to a great extent as the solution will noticeably affect its financial condition and operational capabilities: chargeback rate, conversion rate, revenue, shopping experience, reputation, and so on. With a variety of anti-fraud solutions available …

The global games market is expected to reach over $108 B in 2017. Just as with great power comes great responsibility, with big money comes high risk. Namely, the risk of fraud of various kinds. So, what threats for your boldly thickening bottom line are there, dear GameDev? How to effectively protect your business against …

While attending numerous conferences dedicated to payments and fraud detection, like ATPS or MRC, one can easily notice that Machine Learning (ML) is on everyone’s lips these days. However, the ever increasing popularity of the topic is followed by more and more myths and rumors emerging and proliferating. In order to make the matter as …

Although the term Machine Learning has been around for decades, since self-learning algorithms have became applicable in business, it’s being frequently abused — just like some other terms of certain marketing power e.g. Cloud, Omnichannel or Big Data. Fraud prevention is at the heart of this trend. Most providers of fraud detection solutions talk about intelligent algorithms …

Several months ago, I received an invitation from Polish Embassy in Tokyo, Japan to speak at the the Seminar on Poland’s technologies for FinTech. This event provided a perfect opportunity to show not only how data can drive business thanks to Artificial Intelligence but also to present Nethone’s innovations in this area. I returned from …

Once again both the Merchant Risk Council (MRC) European Conference in London and 11th Airline & Travel Payments Summit (ATPS) in Berlin provided an excellent opportunity for merchants, vendors and partners to discuss the latest advances in anti-fraud and ecommerce. At both events fraud, risk and payments professionals came together to tackle the challenges they …

When it comes to sales, understanding the customer is paramount. The target population is hardly ever homogenous and the one-size-fits-all approach does not work at all. Yet, an experienced shop clerk can oftentimes tell what goods the particular customer is likely to purchase and, moreover, knows how to convince them to do so. Thanks to …

The threat landscape facing organisations is growing more complex as fraudsters employ the latest advances in technology to achieve their goals. Organisations themselves are also adopting new technologies to drive revenues. This arms race is one that they cannot afford not to take part in. Both the fraudsters and the organisations themselves are adopting new …

In March, we had a privilege to participate in the official delegation of the Government of Poland to Washington. Nethone has been selected by Kosciuszko Institute – the co-organizer of the project – to represent, along with a few other companies, the Polish cybersecurity sector. It was a busy, yet extremely productive time – worth …

The ability to sell to customers from all around the world, 24/7 is one of the greatest pros of online commerce. At the same time, global expansion brings a myriad of challenges merchants have to meet and obstacles they must overcome to successfully spread their wings. Firstly, they must thoroughly understand each market they want …