Crypto address poisoning fraud concerns and prevention
Harry wants to send 2 bitcoins to his mate Sam; he has interacted with Sam’s wallet address in the past, and their previous transactions have both incoming and outgoing transfers…
The 101: Everything Synthetic ID
Some of the most horrible crimes we have seen in our career was not Identify theft but synthetic ID. We saw a fraud vector that had the patience to raise…
Risk and Compliance and AI: Striking a balance
We are seeing an explosion of companies speaking about replacing risk and compliance manual work done today by risk and compliance analysts and even 2nd line of Defence roles. Whilst…
Understanding Credit Risk
Let’s be clear here. Large accounts committing fraud is not Credit Risk – that is still just fraud. Credit Risk is truly related to the economic outcomes of having a…
Transaction Monitoring 101: Safeguarding Financial Institutions from Financial Crime
Let’s understand the basics of transaction monitoring and why financial institutions maintain them and some building blocks of these systems. Here we are just going through some basics and by…
Understanding Australia’s Current Terrorism Threat Level: What It Means and Should We Be Worried?
We heard in the news recently that the Australian Government increased its terrorism threat level to “Probable,” indicating a change in the national security landscape. This adjustment is part of…
The 101: Fraud – Buyer Fraud
Buyer fraud, also known as purchase fraud, encompasses a range of deceptive practices carried out by purchasers to unfairly benefit or avoid paying for goods and services. These fraudulent activities…
The 101: Fraud – Account Take Over (ATO)
As a merchant there is usually no worse experience than an Account Take Over. These fraud actors can have a few different motives that vary from needing a facility to…
The 101: Fraud – Good Merchant Gone Bad (GMGB)
Some merchants may classify this behaviour as Credit Risk but there is a clear intent to profit for a event within which the cardholder will be left out of pocket.…