Archives for fraud
Friend or Fraud?
With the recent rise of AI-enabled voice scams, can you tell if the person on the other end of that phone call is a friend or a fraud?
The post Friend or Fraud? appeared first on Analytics India Magazine.
Soon it will be easier for Indian citizens to reach out to government officials. Truecaller’s government directory support system will facilitate seamless communication between India’s 240 million Truecaller users and the government and its services. The directory also provides access to thousands of verified contacts of government officials. What does it offer? Truecaller’s government directory […]
The post Truecaller’s Government Directory Support System will Safeguard Against Scams appeared first on Analytics India Magazine.
While every year witnesses some major fraudulent activities that made headlines, the pandemic lockdown and the digital explosion has forced this year to experience some of the significant breaches that companies have faced. In an article, we have also jotted down some of the biggest breaches of 2020 that have left companies alarmed. With such…
The post Top 8 Fraud Prevention Software To Look Out For In 2021 appeared first on Analytics India Magazine.
With increasing transactions and avenues of spending money, financial institutions and consumers are becoming victim to fraud and scams. According to a report by Nilson, payments card-related fraud losses alone reached more than $32 billion in 2019. In the same period, total card-related transactions worldwide were estimated at around $35 trillion, which is a massive…
The post How Anomaly Detection & Behavior Analytics Is Used In Payments Fraud Risk Management appeared first on Analytics India Magazine.
With increasing transactions and avenues of spending money, financial institutions and consumers are becoming victim to fraud and scams. According to a report by Nilson, payments card-related fraud losses alone reached more than $32 billion in 2019. In the same period, total card-related transactions worldwide were estimated at around $35 trillion, which is a massive…
The post How Anomaly Detection & Behavior Analytics Is Used In Payments Fraud Risk Management appeared first on Analytics India Magazine.
In an all-money deal, digital payments startup Razorpay has acquired Gurugram-based fraud analytics startup Thirdwatch. Razorpay did not reveal the exact details of the arrangement but rather said it is utilising the recently- raised funds to help finance the deal. Thirdwatch, an early stage startup with around 10 employees will act as a subsidiary…
The post Razorpay Acquires Fraud Analytics Startup Thirdwatch appeared first on Analytics India Magazine.
Benford’s Law is one of the concepts which is used almost daily but goes unnoticed. Not many people know that the law, originally discovered way back in 1881, is a very powerful measure of fraud detection in today’s world. Discovery of Benford’s Law The discovery of this law has a very interesting story and dates…
The post The Power Of Benford’s Law In Detecting Financial Fraud appeared first on Analytics India Magazine.
Benford’s Law is one of the concepts which is used almost daily but goes unnoticed. Not many people know that the law, originally discovered way back in 1881, is a very powerful measure of fraud detection in today’s world. Discovery of Benford’s Law The discovery of this law has a very interesting story and dates…
The post The Power Of Benford’s Law In Detecting Financial Fraud appeared first on Analytics India Magazine.